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423-427 Bay Street, Brighton VIC, 3186

Development Potential
DETAILS
Premium Three Adjoining Shops and Dwellings
  • Substantial 706sqm C1Z site
  • Five income streams with rental uplift
  • Significant development upside
 
Three adjoining Victorian beauties that boast an abundance of 'boom time' character and command a prominent position in one of Melbourne's best known lifestyle suburbs.   
 
Key features: 
• Iconic Brighton location 
• Current rental $177,000 pa offering significant uplift 
• Three (3) Victorian Era shop & dwelling totalling 575m2 approx   
• Substantial Commercial 1 zoned land on four (4) titles 
• Car parking onsite and ample street parking nearby 
• Multi-use investment with wide 20+ metre approx frontage
• Excellent future development opportunities (STCA) with strong affluent demographics and strong median house price of $3,400,000
• Suits investors and developers
 
This outstanding property is within close proximity to Coles Supermarket, quality cafes & specialty retail, North Brighton Train Station, Cinemas and some of Melbourne's best schools. This property ticks all the investment boxes, diverse income streams with uplift, significant value add and development upside in a premium blue chip location.
 
A property that ticks all boxes, diverse income streams with uplift, significant value add and development upside, premium well-presented buildings and in a premium blue chip location.
 
Please do not hesitate to contact exclusive selling agents with any queries or to arrange a private inspection. 
 
Note:  All figures are approximated and prospective buyers should refer the sales documentation prior to submitting their expression of interest. 

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

DEVELOPMENT SITE SUMMARY
Expressions of Interest:
TITLE:
Contact Agent
Property Area
AREA:
706 m² (*approx)
Property Type
TYPE:
Commercial, Office, Other, Retail / Shopping Centre, Office, Other, Retail / Shopping Centre
Development Potential
DEVELOPMENT APPROVAL:
Commercial development Opportunity (STCA)

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423-427 Bay Street, Brighton VIC, 3186

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