481 & 481a Centre Road,
Bentleigh, VIC 3204

* Invest or re-develop*
* Significant development potential*
* Land Size: 6.4m x 40.53m (259sqm approx)
* Total combined Income: $45,164pa
Ground Floor Retail:
* Secure 4 + 4 year lease
* Rental: $29,564 pa plus Outgoings
* Annual fixed 4% increases, to market review at option
* Note: Retail Lease includes re-development clause
First Floor Residence:
*2 bedroom renovated dwelling
*separately leased at $300pw
*Note: Dual entrance both from Centre Rd frontage and Rear ROW
* Commercial 1 Zoning and located within the McKinnon High School Zone
* Excellent rear access with up to 6 car spaces
* Potential to improve rental upon market review due 1st August 2016
* An imposing building with excellent signage possibilities*
A rare opportunity to secure an exceptional shop and residence in the heart of thriving Centre Road, Bentleigh. Considered one of Melbourne's strongest shopping strips, directly opposite Woolworths, BWS , metres from Retail giants Priceline, Target, all the major banks and Bentleigh train station.
(*STCA)