Retail Ground Plus First Floor Office/Residential

This is an outstanding opportunity for the purchaser to acquire a trophy investment in Melbourne’s well-to-do inner south. GrayJohnson is pleased to offer for sale this substantial two-storey property occupying a prime corner position in busy Bay Street, Brighton. The ground floor and upper levels of this gracious and historic building are leased separately with a total return of $101,000 pa + GST.

Both levels offer stunning heritage features including high ceilings and polished concrete and hardwood floors. The ground floor retail premises have been recently refurbished and a brand new five-year lease is in place. The first floor, which has a separate street entrance from Asling Street, currently has a month-to-month tenancy, providing the option for an owner-occupier to move in while enjoying an income from the lower floor.

Bay Street, Brighton, is a premier shopping and hospitality destination located approximately 12km south of the Melbourne CBD. It offers an eclectic mix of retail businesses and is noted for its cosmopolitan range of eateries. The shopping centre is served by the North Brighton railway station, located just a two-minute walk from this property.

The opportunity:
• Ground-floor retail plus first-floor office/residence
• Separate leases returning $101,000 pa + GST in total
• Land area 272sqm approx., building area 250sqm approx.
• Separate street entries to each floor
• Rear laneway access to onsite parking
• Public parking at rear

The location:
• Thriving shopping strip location
• 250m from North Brighton railway station
• Easy access to city via Nepean Highway
• 12km approx. south of the Melbourne CBD
• Zoned Commercial 1