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417 South Road
Bentleigh VIC 3204

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 380m2
Land area: 798m2
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Auction Time
Wed 19 Feb 12:00 am
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PREMIUM CORNER BLOCK IN THE HEART OF BENTLEIGH!

Raine & Horne Land Victoria is excited to offer 798 m² approx. Situated at the intersection of two key arterial roads, Nepean Hwy and South Road, with an approved town planning permit for a 3.5-star hotel development. Located just 13 km southeast of Melbourne's CBD, the property is easily accessible within 30 minutes via the Frankston Line train to Moorabbin Station, a short walk from the site. The area is well served by retail shops, cafes, Woolworths supermarkets, and professional offices. It's also close to popular Brighton Beach (2.5 km) and the Moorabbin Industrial and Commercial Precinct (1.5 km), with Chadstone Shopping Centre, the largest shopping center in the Southern Hemisphere, just a short distance away.
The existing 380 sqm building on the site offers potential for refurbishment for owner-occupier use, taking advantage of its high-visibility location. Alternatively, with growing demand in the area, it could be redeveloped into apartments to cater to local professionals.
Total land area: 798 sqm (approx.)
• Commercial 1 Zone
• Corner block with main road frontage to South Road.
• Plans and permit in place for a 5-level, 66-room apartment and ground-level commercial space
• A rear laneway provides a buffer to the surrounding residential properties
Call Patrick Mammone on 0405 555 000 Or Anthony C. Zammit on 0458 000 000 today for further enquiries and to arrange a private inspection.
Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Please note: Images are for illustration purposes only and may not reflect the actual product or property.
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Property Details for 417 South Rd, Bentleigh

Building Type
Commercial
Floor Size
380m2
Land Size
798m2

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About Bentleigh 3204

The size of Bentleigh is approximately 4.7 square kilometres. It has 6 parks covering nearly 3.8% of total area. The population of Bentleigh in 2011 was 14,919 people. By 2016 the population was 16,170 showing a population growth of 8.4% in the area during that time. The predominant age group in Bentleigh is 40-49 years. Households in Bentleigh are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bentleigh work in a professional occupation. In 2011, 72.2% of the homes in Bentleigh were owner-occupied compared with 70.5% in 2016.

Bentleigh has 9,379 properties. Over the last 5 years, Houses in Bentleigh have seen a 8.64% increase in median value, while Units have seen a 2.39% increase. As at 30 November 2024:

  • The median value for Houses in Bentleigh is $1,682,522 while the median value for Units is $715,861.
  • Houses have a median rent of $800 while Units have a median rent of $625.
There are currently 13 properties listed for sale, and 10 properties listed for rent in Bentleigh on OnTheHouse. According to CoreLogic's data, 402 properties were sold in the past 12 months in Bentleigh.

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Patrick Mammone
Anthony C Zammit
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Raine & Horne Land Victoria
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