November 25, 2024 Brighton, Retail, Sales, Sold, South-Eastern Suburbs

Sold – Trophy Investment with Dual Income

By Brett Simpson

GrayJohnson is pleased to announce the successful sale of 281 Bay Street, Brighton. This substantial two-storey property occupying a prime corner position in the bustling Bay Street precinct.

Sale highlights:
• Over 90 enquiries
• Sharp yield of 4.6%
• Building rate $8,600 psm*

Key highlights:
• High profile corner position
• Ground-floor retail plus first-floor office/residence
• Two leases returning $101,000 pa + GST
• Land area 272sqm*
• Building area 250sqm*

The location:
• Prestigious Bay Street location
• 250m from North Brighton railway station
• Easy access to city via Nepean Highway

If you would like further information on this sale transaction or a free market appraisal, please call Brett Simpson on 0402 427 392.

*approx.

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GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.
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