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James Gregson Commercial - MELBOURNE

929 Centre Road & 2A-B, 2C Mackie Road Bentleigh East, VIC 3165

929 Centre Road & 2A-B, 2C Mackie Road,
Bentleigh East, VIC 3165

Shops & Retail • Offices

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James Gregson Commercial - MELBOURNE
Martin Huang
James Gregson

James Gregson Commercial - MELBOURNE

330 Collins St
MELBOURNE, VIC 3000
James Gregson Commercial - MELBOURNE
929 Centre Road & 2A-B, 2C Mackie Road
Bentleigh East, VIC 3165

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Superb Corner Investment with Brand New 5 Year Leases

  • Massive corner with 51m approx. frontage
  • Two High Quality Tenants
  • Three Titles Offered as a Whole
This corner property consists of three adjoining shops with a combined land area of 252m2 approx. with a massive street frontage of some 51 metres approx.

The property is leased to two superb established tenants, the ever-popular Saul's Diner as well as DTAX Solutions, with a combined lease of $100,772 per annum plus GST and outgoings.

The three shops have a combined building area of 245m2 approx.

Summary of leases:

Tenant: Time and Place Carnegie Pty Ltd trading as Saul's Diner
Current Rent: $84,872.00 per annum + GST + outgoings
Lease term: 5 years
Lease commencement 15th June 2022
Option: Two (2) further terms of five (5) years
Rent Review: 3% annually with a market review at the commencement of further terms

Tenant: Dtax Solutions Pty Ltd
Current Rent: $15,900 per annum + GST + outgoings
Lease term: 3 years
Lease Commencement: 5th February 2022
Option: 3 Years
Rent Review: 4% annually with a market review at the commencement of further terms

Commercial 1 zone.

Amazing corner location with rear laneway access, providing unbeatable exposure, future flexibility and further sub divisional potential.

Busy neighbourhood village retail strip in affluent suburb offering strong future capital growth prospects.


Property ID: 504209024Last Updated: 28 Apr 2023

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