Name: 284-296 Centre Road, BENTLEIGH, VIC 3204
Address: 284-296 Centre Road , VIC, Bentleigh, VIC, 3204
Telephone: +61 401 636 049

+14 Photos

SOLD

284-296 Centre Road, BENTLEIGH, VIC 3204

Properties / Sold / Victoria / Bentleigh

Development Potential

1. Property Summary

Property Type

Commercial, Mixed Use

Sub Type

Retail/Shopping Centre

Land Area

2,530 m² (*approx)

Zoning

Commercial 1 and Residential 1

Local Government

City of Glen Eira

Selling Method

SOLD: SOLD

Show All

2. Property Highlights

MAJOR CENTRE DEVELOPMENT SITE WITH EXCELLENT HOLDING INCOME

Huge main road landholding of 2,530sqm*
Occupy / Develop / Subdivide / Invest
Two street frontages

Gorman Commercial is pleased to offer 284-296 Centre Road, Bentleigh for sale by Expressions of Interest closing Thursday 2nd March 2023 at 2pm.

This is a rare opportunity to acquire an outstanding main road landholding with enormous potential for purchasers to either occupy, develop, subdivide, or hold for investment.

Key benefits of this opportunity include:

* Significant land holding of 2,530 sqm (approx.)

* Building area: 1,192 sqm (approx.)

* Existing improvements comprise 6 retail shops + 42 car spaces

* Short-term Income: $423,861 pa + GST + outgoings (Expiry 29 June 2024)

* Zoning: Part Commercial 1 & Part Neighbourhood Residential 1 (providing a variety of options to purchasers (STCA)

* Two street frontages to Centre Road and Gilbert Grove

* Prominent retail frontage to Centre Road of 42+ metres

Located 400m from Bentleigh Train Station with immediate access to major arterials including Nepean Highway providing direct access to the Melbourne CBD (12.5km*) and Mornington Peninsula. This property is also surrounded by amazing lifestyle amenity, including bayside beaches (4kms), parklands and Chadstone/Southland Shopping Centres.

Remember to mention you found this property on DevelopmentReady