2/47 Patterson StreetBonbeach VIC 3196
Property Details for 2/47 Patterson St, Bonbeach
Last Listing description (November 2023)
Don't miss the opportunity to secure this outstanding tenanted investment in the vibrant beach side suburb of Bonbeach. Located a short distance from the beach & both Bonbeach & Carrum train stations this type of holding is rarely available.
Nestled within the heart of the popular beach side suburb, The Bonbeach Village Grocer has quickly become a favorite of the locals offering a selection of artisanal groceries alongside a diverse range of food and beverages. The established tenant has of over seven (7) years left on their original ten (10) year lease ensuring comfort and security for investors.
Tenancy Details:
Lease Start: 01/01/2021
Term: Ten (10) years
Further Terms: Five (5) + Five (5) years
Increases: Fixed 3% annually, market review at expiry
The tenant, location & lease terms ensure a fantastic opportunity for first time or experienced investors. The opportunity won't be available long, call now to ensure you don't miss out.
Inspections are strictly by appointment only.
Sale Price: $370,000, 10% deposit, settle 60/90 days
- All sizes are approximate
- All figures are GST exclusive unless otherwise stated.
Property History for 2/47 Patterson St, Bonbeach, VIC 3196
- 16 Nov 2023Sold for $350,000
- 29 Aug 2023Listed for Sale PRICE REDUCED - $370,000
- 22 Oct 2020Listed for Rent - Price not available
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About Bonbeach 3196
The size of Bonbeach is approximately 2.8 square kilometres. It has 8 parks covering nearly 31.7% of total area. The population of Bonbeach in 2011 was 5,733 people. By 2016 the population was 6,410 showing a population growth of 11.8% in the area during that time. The predominant age group in Bonbeach is 30-39 years. Households in Bonbeach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bonbeach work in a professional occupation. In 2011, 67.1% of the homes in Bonbeach were owner-occupied compared with 66.3% in 2016.
Bonbeach has 3,802 properties.
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