SOLD
Sold on 24 May 2024 for $2,115,000

371 Centre Road
Bentleigh VIC 3204

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 222m2
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Property Details for 371 Centre Rd, Bentleigh

Building Type
Commercial
Land Size
222m2
Local Government
Glen Eira
Lot/Plan
2/LP55092

Last Listing description (August 2015)

Fantastic opportunity to secure this ground floor retail / food premises with 1st floor dwelling or office.
Fully fitted out for food / frozen yoghurt, this property provides the rare opportunity to save on huge fit out costs.
The property also operates under a food takeaway permit, taking all the time & headache away from applying through council planning.

You could not ask for a better location, only one shop away from the Bentleigh Train Station with huge passing foot traffic - the best position in Bentleigh.
Property features:
* Ground floor area - 83m2 approx.
* First floor - 1 bedroom residence, with bathroom, spacious kitchen & living room
* Secure rear parking for 2 cars
* Commercial kitchen area with grease trap
* Prime location - in the heart of the action of Centre Road Shopping Strip
NOTE: 1st floor residence currently on a sublease of $14,000 per annum. Option to retain this tenant if agreeable.

Property History for 371 Centre Rd, Bentleigh, VIC 3204

A timeline of how this property has performed in the market
Last Sold
$2,115,000
24 May 2024
Listed for Rent
$1.15k/w
28 Aug 2015
  • 24 May 2024
    Sold for $2,115,000
  • 30 Apr 2015
    Listed for Rent $55,000 / year
  • 23 May 2013
    Sold for $1,430,000
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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 9,301 properties. Over the last 5 years, Houses in Bentleigh have seen a 15.96% increase in median value, while Units have seen a 8.76% increase. As at 30 September 2024:

  • The median value for Houses in Bentleigh is $1,672,830 while the median value for Units is $738,156.
  • Houses have a median rent of $795 while Units have a median rent of $625.
There are currently 19 properties listed for sale, and 8 properties listed for rent in Bentleigh on OnTheHouse. According to CoreLogic's data, 408 properties were sold in the past 12 months in Bentleigh.

Suburb Insights for Bentleigh 3204

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.