Aston Commercial are pleased to offer 801 Centre Road, Bentleigh East for sale by Expressions of Interest closing on Wednesday 24th May 2023 at 2pm.
Lease Term
Ten (10) years - commenced May 2022. Annual income of $154,500 + gst (net). One (1) further term of Ten (10) years
Building Area 492 sqm* Location
Prominent corner position at the intersection of Centre Road & East Boundary Road
Zoning Commercial 1 Zone (C1Z)
Method of Sale
For Sale via Expressions of Interest closing on Wednesday 24th May 2023 at 2pm *approx.
Terms of Sale
10% deposit with the balance 60/90 days
This is an outstanding opportunity to purchase a secure, brand-new retail investment that benefits from a Ten (10) year lease which commenced in May 2022.
The property is prominently located on the intersection of Centre Road & East Boundary Road in the affluent Bentleigh East, offering high levels of exposure from passing traffic daily and an exceptional street presence.
The opportunity to purchase 6 titles in one line with such a strong lease covenant is rare and unique and Aston Commercial strongly encourage your consideration of this outstanding investment property.
801 Centre Road, Bentleigh East forms part of the Centrepiece Residences. A luxury, mixed-use development that comprises 103 magnificently designed apartments.
High profile corner position offering prime exposure
Long-term lease of Ten (10) years with a further Ten (10) year option
Flexible Commercial 1 Zoning (C1Z) allowing for a wide range of future uses
$
High yielding investment opportunity with significant future rental growth
Terrific access to major arterial roads and public transport amenity
Six titles to be sold as one – Future sell-down opportunity
Bentleigh East is one of Melbourne’s most in-demand south-eastern suburbs. Known for its tree-lined streets and close proximity to a number of high quality schools, it is the ultimate family neighbourhood suburb. Bentleigh East offers excellent access to a number of major shopping centres including Chadstone & Southland.
Access to Bentleigh East is serviced by a number of major arterial roads and freeway networks including Nepean Highway, Monash Freeway, Warrigal Road and Dandenong Road with an ample supply of public transport amenities within the immediate location.
Centre Road, Bentleigh is one of the most recognisable retail strip locations within metropolitan Melbourne and is home to a number of major retailers and nationally recognised businesses including Coles, Aldi, Chemist Warehouse, ANZ, Commonwealth Bank and NAB.
Bentleigh East is also home to GESAC (Glen Eira Sports & Aquatic Centre), one of Australia’s premier sports and aquatic facilities. Further benefiting the immediate precinct is Monash Health Moorabbin Hospital which is located prominently on Centre Road and just 400m East of the property.
Tenant Business Name Pton Group Pty Ltd. Trading As: Hi Gourmet Supermarket
Current Rent $154,500* pa plus GST
Term Ten (10) years – Commenced on 1st May 2022
Further Term One further term of ten (10) years
Rent Reviews 3% annual increases
Security Bond Equal to 10 months rental + GST
Outgoings All applicable outgoings are paid by tenant
Bank Guarantee Equal to 10 months rental + GST
* As of 1st May 2023
Zoning Commercial 1 Zone under the Glen Eira City Council Planning Scheme
Car Parks
Fourteen (14) on-site car spaces
Street Frontage 62 metre* combined frontage to East Boundary Road & Centre Road
Method of Sale
For Sale via Expressions of Interest closing on Wednesday 24th May 2023 at 2pm
Inspections
Strictly by appointment with the exclusive selling agents
Terms of Sale
10% deposit with the balance 60/90 days
Contract of Sale & Vendors Statement
Available upon request
Great sales results always get talked about. The work that makes them happen, usually doesn’t.
There’s so much smoke around sales, that it’s hard to even talk about it in a brochure without a smile. Everyone makes claims, but the obvious truth, is not everybody is equally good at this.
One of the differences at Aston Commercial, is that while what we say might be called an “opinion”, it’s always based on evidence. We do our homework first and talk later.
Another difference is that for us, sales is very much a whole team exercise, where there are many players and all our departments work together in the pursuit of the best result.
The experience of our team members are reinforced by Client testimonials, which lead us to being more than a real estate agent, but a trusted advisor
Deciphering the highest and best use and positioning your property through the implementation of elite marketing across all mediums
A relentless “never give up” attitude focused on the Client destination
DISCLAIMER
“Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom.
*Approximate
