241-245 Bay Road,
Highett, VIC 3190

Shops & Retail • Development Sites & Land • Other

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A Property Opportunity That Really Shapes Up

15 year lease expiring January 2025
Prime Bayside Land Bank Opportunity
$1,125,508 current net income per annum

Colliers International and DBRE are delighted to offer for sale 241-245 Bay Road, Highett, a strategic land holding with strong income from an International tenant located just 19 kilometres south east of the Melbourne CBD.

This truly is a prime piece of Bayside land with secure income for 10 years. With the immediate area transforming from its industrial roots to a vibrant Bayside community this is an outstanding investment with very real future upside.

- Recently refurbished two level gymnasium
- Large land parcel with generous frontage to Bay Road and Avoca Street.
- 15 year lease to Fitness First Australia, the largest privately owned health club in the world.
- Current Rental: $1,125,508 per annum
- Land Area: 9,057m² (approx)
- Net Lettable Area: 5,335m²
- Zoning: “Commercial 2 Zone” under the Bayside Planning Scheme.

241-245 Bay Road, Highett is to be offered For Sale by Expressions of Interest closing Wednesday 25th March, 2015 at 2.00pm AEST

For further details, please contact your preferred agent.

Property ID: 501452335Last Updated: 30 Jun 2015