CBRE are delighted to present for sale one of the most significant land holdings in the area at 224-230 Brighton Road, Somerton Park. Offered with strong leases in place generating around $298,501.84 p.a.* (including signage Minimum Guaranteed Fee) in net income for a portion of the site, the property offers a strong return with significant underlying land value especially with a site of this scale. There is also an immediate opportunity to occupy or develop (stcc) the corner of the site fronting Brighton and Oaklands Road to take advantage of the significant traffic at this intersection.

Significant rental upside is also offered, with the higher of $120,000 or 65% of the Net Media Sales payable for the signage which has already yielded $96,281.35* for the first 8 months of this agreement. This owner-friendly license allows for additional rental income to be paid and takes advantage of the over 50,000 vehicles that pass the site daily.


With opportunities along Brighton Road being so scarce, especially of this scale, we highlight the below points for your consideration:

- Significant corner site of 2,755 sqm*
- Improvements of 2,114 sqm*
- Three leases in place generating $298,501.84 p.a. * net with significant upside via signage license
- Opportunity to occupy or develop a portion of the site
- Zoned Employment in the City of Holdfast Bay


For sale via Expressions of Interest closing 15th August at 4:00pm