Belle Property Commercial Melbourne East is proud to present For Sale, a block in Bayswater's busiest retail section. With views to the Dandenong Ranges, this property represents an excellent opportunity for a retail and apartment development (STCA). The current development overlay allows for potential seven (7) story developments.

The existing building offers a net internal area of 350sqm* with three (3) phase power, significant retail, storage and office space.

The property is being sold tenanted with a new lease starting on the 1st of February 2024 which will be returning $85,000 per annum plus GST and outgoings.

Eastlink can be accessed in under ten minutes and Bayswater Train Station is walking distance from the site.

Property Features Include:-

- Land Area: 888sqm*
- Building Area: 350sqm*
- Freehold Title
- Development Potential (STCA)
- Tenanted Investment
- Potential Future Uses Include: Childcare Centre, Retail Shops, Medical Centre an Apartments (STCA)
- High Profile Position
- Walking Distance to Bayswater Train Station
- 4.3km* to Eastlink
- 35km* to Melbourne CBD
- Commercial 1 Zone (C1Z)

* Approximate

* Subject To Council Approval (STCA)

To arrange an inspection or to obtain a copy of the information memorandum and legal documentation, please contact Mitch Rosam