Ground Floor, 284 Bay Street Brighton VIC 3186

GrayJohnson is delighted to bring to Auction, on Friday 21st March at 12noon, a rare investment opportunity to purchase in the heart of Brighton's prestigious Bay Street retail precinct.

Strategically positioned on the ground floor corner at 284 Bay Street and St Andrews Street, this character-filled space offers a steady rental income, providing investors with an attractive and reliable revenue stream. The property features a versatile layout with open-plan areas, currently utilised as a retail showroom, all benefiting from abundant natural light from south- and east-facing windows.

The opportunity:
Building area: 230 sqm*
Secure investment with strong rental return of $135,000 per annum
Double frontage to Bay and St Andrews Street
Flexible layout: Open-plan areas with consulting/office rooms and storage
Rear garage with roller door access for car parking or storage
Zoned Commercial 1

This is a unique chance for investors seeking a secure, income-producing asset in one of Melbourne's most desirable commercial areas. Fully leased and surrounded by a thriving community, 284 Bay Street offers immediate returns and significant future growth potential in a prime Brighton location.

Positioned in the well-established and vibrant retail and lifestyle hub of Bay Street, the property is located among high-profile businesses including Hotel Brighton, Spray Aus, Beauty Block, Palace Cinema, Queen Bahn Mi, Coles, Buffalo Boy, AusPost, and more. The property's corner location on Bay Street and St Andrew Street ensures excellent visibility and significant foot traffic.

North Brighton Train Station is also located across the road, offering outstanding accessibility.

*approx.