1 Valentine Street, Bayswater, VIC, 3153

Belle Property Commercial Melbourne East is proud to present For Sale, a block in Bayswater's busiest retail section. With views to the Dandenong Ranges, this property represents an excellent opportunity for a retail and apartment development (STCA). The current development overlay allows for potential seven (7) story developments.

The existing building offers a net internal area of 350sqm* with three (3) phase power, significant retail, storage and office space.

The property is being sold tenanted with a new lease starting on the 1st of February 2024 which will be returning $85,000 per annum plus GST and outgoings.

Eastlink can be accessed in under ten minutes and Bayswater Train Station is walking distance from the site.

Property Features Include:-

- Land Area: 888sqm*

- Building Area: 350sqm*

- Freehold Title

- Development Potential (STCA)

- Tenanted Investment

- Potential Future Uses Include: Childcare Centre, Retail Shops, Medical Centre an Apartments (STCA)

- High Profile Position

- Walking Distance to Bayswater Train Station

- 4.3km* to Eastlink

- 35km* to Melbourne CBD

- Commercial 1 Zone (C1Z)

* Approximate

* Subject To Council Approval (STCA)

To arrange an inspection or to obtain a copy of the information memorandum and legal documentation, please contact Mitch Rosam

Remember to mention you found this property on CommercialReady