951 Nepean HighwayBentleigh VIC 3204
Property Details for 951 Nepean Hwy, Bentleigh
Last Listing description (September 2023)
For Private Sale, this is a rare opportunity to occupy an expansive, light-filled modern office / medical building and collect rental income from a well established allied health business.
This Nepean Highway fronting office building is a unique stand-alone building (not strata) and is located in the coveted Moorabbin Junction close to popular shops, cafes and Moorabbin train station.
With the ground floor lease expiring in September 2024 you have the opportunity to occupy the whole building or just part.
Key property features:
BUILDING & LAND:
* Two level retail / office building
* Total building area: 340sqm*
* Prime Nepean Hwy facing location with invaluable exposure and signage
* Land area: 260sqm*
* Flexible Commercial 1 zoning
* Rear access and onsite parking
* Potential fully leased rental - $85,000pa net (estimated)
GROUND FLOOR:
* Lease to My Body Clinic
* Recently renewed 2 year term
* Leased to September 2024 with no option
* Current rental at $42,640 per annum net
FIRST FLOOR:
* Modern refurbished office: 170sqm*
* Open plan space and two partitioned rooms
* Kitchenette
* Separate male and female bathrooms
* Tandem car spaces at rear
Perfect for both owner occupiers and investors!
For further information or to arrange an inspection please contact:
Sarah Horstman 0402 061 121
Julian Vautin 0420 406 660
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 951 Nepean Hwy, Bentleigh, VIC 3204
- 15 Aug 2023Sold for $1,195,000
- 22 May 2023Listed for Sale Contact Agent
- 14 Feb 2020Listed for Rent $30,000 / year
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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 9,349 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.
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