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CVA Property Consultants - Melbourne

423-427 Bay Street Brighton, VIC 3186

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423-427 Bay Street,
Brighton, VIC 3186

Shops & Retail • Development Sites & Land • Hotel, Motel & Leisure

Price information

Sale

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Key property information

Land area

Floor area

Zoning

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$203,667
Number of Tenants
5 Tenants
Tenants / Type
Multiple Tenants - Refer to the IM

Private inspections

to arrange a private inspection.
CVA Property Consultants - Melbourne
Tim Cooney
Daniel Philip
Hesan Mazaheri

CVA Property Consultants - Melbourne

18-20 Russell Street
MELBOURNE, VIC 3000
CVA Property Consultants - Melbourne
423-427 Bay Street
Brighton, VIC 3186

Map of 423-427 Bay Street

Directions
  • Train stations within 5 km of 423-427 Bay Street, Brighton, VIC 3186Distance
    North Brighton Station327 m
    Gardenvale Station1 km
    Middle Brighton Station1.3 km
    Elsternwick Station2.4 km
    Brighton Beach Station2.7 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 423-427 Bay Street, Brighton, VIC 3186Distance
    66-Union St/Hawthorn Rd (Brighton East)1.1 km
    64-Taylor St/Hawthorn Rd (Brighton East)1.1 km
    67-Howell St/Hawthorn Rd (Brighton East)1.1 km
    67-Rogers Ave/Hawthorn Rd (Brighton East)1.2 km
    68-East Brighton/Hawthorn Rd (Brighton East)1.3 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 423-427 Bay Street, Brighton, VIC 3186Distance
    Hillcrest AveBay St13 m
    Warriston St/Bay St (Brighton)44 m
    Nepean Hwy/Hampton St (Brighton)212 m
    Byron St/Hampton St (Brighton)389 m
    North Brighton Station/St Andrews St (Brighton)426 m
    POWERED BY HERE ©
POWERED BY HERE ©

BUY INTO BRIGHTON'S LEGACY.

POINT OF INTEREST:

A significant piece of Brighton’s commercial history is now on the market, with four separate Titles selling as one brilliant asset. On top of 706 sqm* of land, invest in iconic Victorian terraces built between 1896 and 1898 — with a total building area of 575 sqm*. There are five leases currently running: three retail, one residential, and a rear studio, all amounting to five completely diverse streams of income. Lease lengths vary up to 2026, providing a clever opportunity for the astute investor to hold and extend the current agreements with the ability to increase the rent. Or pocket the income over the next two years and develop the site into a multi-level project to cater for the affluent Middle Brighton demographic — a fitting neighbourhood addition with the new premier mixed-use developments adjacent to this site. With 20.7 m* of frontage to Bay Street, on site car parking, multiple income streams — your portfolio will never see another asset with these inclusions situated within such a coveted location. Bay Street is one of Melbourne's most revered high streets, with the Coles across the road and the bus stop on your doorstep. Taking Nepean Highway into the CBD will get you there in under half an hour, while North Brighton railway station is 400 m* away and makes the same journey in only 35 minutes.

-    Returning $203,657 per annum of passing rent with significant rental uplift potential.
-    Four Titles selling as one asset.
-    Five leases comprising three retail, one residential, and a rear studio.
-    575 sqm* building area.
-    706 sqm* land area.
-    Commercial 1 zoning. 
-    On site car parking.
-    400 m* from North Brighton railway station.
-    10.8 km* from Melbourne CBD.

POINT OF VIEW:

Some invest in property to see the worth slowly increase alongside the suburb. Here, Brighton’s reputable affluence means you can have your cake and eat it too. Reap the investment rewards now and benefit from the development upside later.

*Approx.
Pricing excludes GST.

Property ID: 504572704Last Updated: 17 Jun 2024

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