Fitzroys is delighted to offer for sale this superior freehold opportunity located on the bustling corner of Bay Street and Warleigh Grove in the highly sought-after Bayside suburb of Brighton.
This prominent corner freehold offers investors, owner occupiers and value add buyers an excellent opportunity to acquire a generational property with the flexibility to continue with the current tenancy, re-position the asset, occupy the site or further redevelop into a multiple level offering (stca).
The key attributes of this opportunity include:
- Prime Corner Site of 408sqm* with rear access entered from Warleigh Grove.
- Extensive frontage of 12.19* metres to Bay Street and 33.52 metres to Warleigh Grove.
- Leased to long standing tenant – Brighton Carpets – (25 plus years).
- Current Rent of $93,067 per annum plus outs and GST with exceptional rental growth potential.
- Highly flexible Commercial 1 zoning with a Design and Development Overlay (DD - 0010) – promoting a preferred building height of 3 levels (STCA).
- Surrounded by a plethora of multi – level apartment sites constructed, in construction and in planning stage.
- Bay Street features an excellent mix of national and popular local traders including Flight Centre, Chemist Warehouse, Subway, Aus Post, Coles, Mr & Mrs P, Rock Salt, Aspirations, Cloud 9, Hotel Brighton and more.
- Benefiting from high levels of foot traffic along Bay Street with the North Brighton Station adjacent.
311 Bay Street, Corner Warleigh Grove, Brighton presents an outstanding opportunity to acquire a prime Brighton corner freehold located in one of Melbourne’s most established shopping precincts.
FOR SALE BY PUBLIC AUCTION FRIDAY 13TH MAY AT 1PM
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