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684 - 686 Centre Road
250sqm approx. | Contact Agent - AUCTION
Two Shops on One Title - Deceased Estate - Must be SOLD!
684 Centre Rd - 125 sq.m
686 Cnetre Rd - 125 sq.m
Land Area of 424 sq.m
+ Ideal development/ investor opportunity in tightly held market
+ 4-5 level Development Potential (STCA)
+ High profile land area of 424 m2 with nearly 12 metres frontage
+ Two individual shops of approximately 125 m2 each
+ Flexible Commercial 1 Zone
+ Leased until 2024 with income of $56,211.92 p.a net (plus outgoings and GST)
+ Highly sought after Blue Chip Location
+ No GST payable on sale
+ First time offered in over 60 years
Located within the heart of the vibrant Bentleigh East shopping strip and surrounded by established and national retailers. The area has seen a boom in residential and commercial property values particularly in the last 10 years, and is earmarked for continued strong income and capital growth prospects in the future.
For further details contact David Gibellini on 0419 473 504
The subject property is located in the southeastern suburb of Bentleigh East some 14 kilometres from the Melbourne CBD centre. The site is positioned on the southern side of Centre Road and enjoys R.O.W rear laneway access.
Located within the heart of the vibrant Bentleigh East shopping strip and surrounded by established and national retailers.
4 on-site via R.O.W access