“Investors will recognise the central location of the property, and the strong performance of prime sections of Melbourne’s shopping strips in terms of low vacancy rates and strong pedestrian traffic.
“This property is also an ideal opportunity for a business to acquire their own premises and set up their operations to service an affluent and established local catchment, which comprises exclusive high net worth suburbs in Brighton, Hampton and Sandringham.”
Fisher said Bay Street, Brighton has evolved into a well-established shopping precinct with a quality retail and lifestyle mix, servicing one of Melbourne’s most prized catchments, home to some of the city’s strongest house prices and most sought-after schools.
“This property is superbly located amongst leading retailers including Coles, Australia Post, Chemist Warehouse, Flight Centre, Terry White, as well as popular local hospitality venues such as Rock Salt, Vivace, and Mr & Mrs P,” Fisher said.
“Bay Street, Brighton is highly accessible, ensuring consistent pedestrian traffic. There’s an abundance of public parking nearby, while North Brighton Train Station is only 120m away, and multiple buses run along Bay Street,” he added.