Property Description

Fantastic Brighton Freehold Investment

Fitzroys is delighted to offer for sale this fantastic freehold investment located in bustling Bay Street within the highly sought-after Bayside suburb of Brighton.

This rare freehold investment with amazing frontage is leased to two (2) separate long standing Tenants who have both recently renewed their leases.

The key attributes of this opportunity include:

• Land Area: 207sqm* with extensive frontage to Bay Street of 9.22 metres.
• Flexible Building of 190qm* plus private rear yard.
• Fully leased to the head office of long-standing Tenant – “ White Glove Mover” - 20 plus years and Australian Laser and Skin Clinic – 9 years with 13 clinics throughout Victoria.
• Total Rent: $79,094 per annum plus gst.
• Highly flexible Mixed-Use zoning with a Design and Development Overlay – Schedule 10 (DD - 0010) – promoting a preferred building height of 4 storeys. (STCA).
• Surrounded by a plethora of multi – level apartment complexes and within the busy commercial office hub of Bay Street, Brighton.
• Excellent transport amenities nearby with the North Brighton Train Station within walking distance.
• Easy access to Melbourne’s CBD via Cochrane Street and close to popular Church Street.

174 – 176 Bay Street, Brighton presents an outstanding opportunity to acquire a rare Brighton freehold investment with a history of extremely limited vacancies located in one of Melbourne’s most established shopping precincts.

FOR SALE BY PUBLIC AUCTION FRIDAY 29TH JULY AT 2PM