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SOLD

108 Martin Street, BRIGHTON, VIC 3186

Development Potential
DETAILS
The Ultimate Brighton Investment with Upside
  • 5-Year Lease No Options
  • Current Net Rent $312,884pa
  • Absolute Prime Bayside Landholding

Savills is delighted to offer for sale this absolute premium Bayside investment with significant future upside, perfectly positioned in Melbourne’s prestigious Bayside suburb of Brighton.

Key attributes of this remarkable opportunity are:

• High End Residential Aged Care Home ‘Hamble Court’

• Facility comprises 29 private bedrooms all with ensuites

• Spectacular 1,676sq m* Brighton landholding

• 5 year lease from 1 April 2020 with no options

• Leased to long term tenant who has been in occupation for 15 years

• Current net rent of $312,448 per annum* plus GST & Outgoings

• Land tax exempt asset class^

• General Residential zoning providing significant development potential

• Prominent frontage of 27 metres* to Martin Street

• Property adjoins the renowned and extremely popular Martin Street Retail Village

• Stunning Bayside location surrounded by every imaginable amenity!

*Approx.

^ www.sro.vic.gov.au/landtaxexemptions#residential-care

EOI Closed - Offers Under Review

For further information or to secure an inspection time please contact the sales team at Savills:

Nick Peden - 0402 011 266

Mark Stafford - 0404 401 053

Benson Zhou - 0458 488 888

Jesse Radisich - 0402 085 702

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
EOI:
TITLE:
EOI Closed - Offers Under Review
Property Area
AREA:
1676 m² (*approx)
Property Type
TYPE:
Commercial, Residential, Apartment Sites, Townhouse Sites, Apartment Sites, Townhouse Sites
Development Potential
DEVELOPMENT APPROVAL:
General Residential zoning providing significant development potential (STCA)

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108 Martin Street, BRIGHTON, VIC 3186

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