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CBRE - Melbourne

136-138 Martin Street Brighton, VIC 3186

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136-138 Martin Street,
Brighton, VIC 3186

Shop & Retail • Offices • Development Sites & Land

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CBRE - Melbourne
Nathan Mufale
Alex Brierley
Jing Jun Heng

CBRE - Melbourne

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
CBRE - Melbourne
136-138 Martin Street
Brighton, VIC 3186

Map of 136-138 Martin Street

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  • Train stations within 5 km of 136-138 Martin Street, Brighton, VIC 3186Distance
    Gardenvale Station130 m
    North Brighton Station866 m
    Elsternwick Station1.5 km
    Middle Brighton Station2.1 km
    Ripponlea Station2.4 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 136-138 Martin Street, Brighton, VIC 3186Distance
    62-Gardenvale Rd/Hawthorn Rd (Caulfield South)1.4 km
    46-Orrong Rd/Glenhuntly Rd (Elsternwick)1.4 km
    63-North Rd/Hawthorn Rd (Brighton East)1.4 km
    61-Raynes St/Hawthorn Rd (Caulfield South)1.4 km
    45-Elsternwick Shopping Centre/Glenhuntly Rd (Elsternwick)1.5 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 136-138 Martin Street, Brighton, VIC 3186Distance
    Gardenvale Station/Nepean Hwy (Brighton)187 m
    Begonia Rd/Gardenvale Rd (Gardenvale)322 m
    Cochrane St/Martin St (Brighton)328 m
    Gardenia Rd/North Rd (Gardenvale)478 m
    Magnolia Rd/Gardenvale Rd (Gardenvale)548 m
    POWERED BY HERE ©
POWERED BY HERE ©

AN ICONIC BRIGHTON FREEHOLD INVESTMENT

  • Multi-tenanted mixed-use investment
  • First time publicly offered for sale
  • Leased to hospitality institution
CBRE Melbourne Commercial Sales have the privilege to offer for sale an iconic Brighton freehold mixed-use investment located at 136-138 Martin Street, Brighton.

Offered for public sale for the first time since originally built, 136-138 Martin Street is a commanding 3-level mixed-use retail investment located in the heart of the popular Martin Street village, underpinned by anchor tenant and Brighton hospitality institution ‘Ten Greek Plates’.

OVERVIEW

+Favourable Commercial 1 zoned landholding of 370 square metres* with commanding double retail frontage of 10.05m (approx.) spanning three (3) levels of mixed-use retail and residential accommodation with excellent natural light, rear lane access and secure garage for six (6) vehicles

+Offered with six (6) separate income streams including three (3) retail tenancies including Ten Greek Plates, Arthur Murray Dance Studio and Brighton Thai Massage Therapist across 900 square metres* of net lettable area

+Currently returning an annual net income of $240,822* (89% leased) with significant rental upside, opportunity for family office conversion as well as residential occupation

+Four separate residential penthouses each with exclusive balconies with the opportunity to part occupy with one current vacancy, as well as the ability to generate additional income stream or residential sell down

LOCATION

+AAA Martin Street retail village location with excellent retail exposure, high levels of foot traffic located directly next to Foodworks, surrounded by popular local tenants including Mastic, House of Bread & Pastries, Brix Bar & Dining, Benson’s on Martin and Fox in the Box

+Excellent public transport connectivity with Gardenvale Train Station only 50m* away as well as convenient access to major arterial road connections including Nepean Highway

+Exclusive bayside location only 3km (approx.) from Brighton Beach and 2km* from Elwood Beach with Brighton’s median house price of $3,190,000

For further information please contact the exclusive sales and marketing agents at CBRE:

Alex Brierley
+61 447 974 4...
alex.brierley@cbre.com.au

Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au

Jing Jun Heng 王敬君
+61 411 059 1...
jj.heng@cbre.com.au

Property ID: 503942570Last Updated: 15 Jan 2022

CBRE - Melbourne
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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