BUY INTO BRIGHTON'S LEGACY.
423-427 Bay Street, Brighton VIC 3186
Contact Agent
RetailSize: n/a
Block size: 706 m² approx.
POINT OF INTEREST:
A significant piece of Brighton’s commercial history is now on the market, with four separate Titles selling as one brilliant asset. On top of 706 sqm* of land, invest in iconic Victorian terraces built between 1896 and 1898 — with a total building area of 575 sqm*. There are five leases currently running: three retail, one residential, and a rear studio, all amounting to five completely diverse streams of income. Lease lengths vary up to 2026, providing a clever opportunity for the astute investor to hold and extend the current agreements with the ability to increase the rent. Or pocket the income over the next two years and develop the site into a multi-level project to cater for the affluent Middle Brighton demographic — a fitting neighbourhood addition with the new premier mixed-use developments adjacent to this site. With 20.7 m* of frontage to Bay Street, on site car parking, multiple income streams — your portfolio will never see another asset with these inclusions situated within such a coveted location. Bay Street is one of Melbourne's most revered high streets, with the Coles across the road and the bus stop on your doorstep. Taking Nepean Highway into the CBD will get you there in under half an hour, while North Brighton railway station is 400 m* away and makes the same journey in only 35 minutes.
- Returning $203,657 per annum of passing rent with significant rental uplift potential.
- Four Titles selling as one asset.
- Five leases comprising three retail, one residential, and a rear studio.
- 575 sqm* building area.
- 706 sqm* land area.
- Commercial 1 zoning.
- On site car parking.
- 400 m* from North Brighton railway station.
- 10.8 km* from Melbourne CBD.
POINT OF VIEW:
Some invest in property to see the worth slowly increase alongside the suburb. Here, Brighton’s reputable affluence means you can have your cake and eat it too. Reap the investment rewards now and benefit from the development upside later.
*Approx.
Pricing excludes GST.
A significant piece of Brighton’s commercial history is now on the market, with four separate Titles selling as one brilliant asset. On top of 706 sqm* of land, invest in iconic Victorian terraces built between 1896 and 1898 — with a total building area of 575 sqm*. There are five leases currently running: three retail, one residential, and a rear studio, all amounting to five completely diverse streams of income. Lease lengths vary up to 2026, providing a clever opportunity for the astute investor to hold and extend the current agreements with the ability to increase the rent. Or pocket the income over the next two years and develop the site into a multi-level project to cater for the affluent Middle Brighton demographic — a fitting neighbourhood addition with the new premier mixed-use developments adjacent to this site. With 20.7 m* of frontage to Bay Street, on site car parking, multiple income streams — your portfolio will never see another asset with these inclusions situated within such a coveted location. Bay Street is one of Melbourne's most revered high streets, with the Coles across the road and the bus stop on your doorstep. Taking Nepean Highway into the CBD will get you there in under half an hour, while North Brighton railway station is 400 m* away and makes the same journey in only 35 minutes.
- Returning $203,657 per annum of passing rent with significant rental uplift potential.
- Four Titles selling as one asset.
- Five leases comprising three retail, one residential, and a rear studio.
- 575 sqm* building area.
- 706 sqm* land area.
- Commercial 1 zoning.
- On site car parking.
- 400 m* from North Brighton railway station.
- 10.8 km* from Melbourne CBD.
POINT OF VIEW:
Some invest in property to see the worth slowly increase alongside the suburb. Here, Brighton’s reputable affluence means you can have your cake and eat it too. Reap the investment rewards now and benefit from the development upside later.
*Approx.
Pricing excludes GST.
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
Send an enquiry
Contact Tim Cooney to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
706 m²*
Other Details
Lot:
1
Plan:
TP711200
Legal description:
1\TP711200
Maps and area information
Block information
Block size: 706m² (approx)
Legal description: 1\TP711200
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
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SummaryMedian sales
Average Age
49 years
Population
23,252
Listing ID: 182464564. This listing has been viewed 1 time. It was first displayed on 22/04/2024 and last updated on 17/06/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.