OFF MARKET

23 Church Street
Brighton VIC 3186

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 552m2
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Property Details for 23 Church St, Brighton

Building Type
Commercial
Land Size
552m2
Local Government
Bayside
Lot/Plan
1/TP134325

Last Listing description (November 2023)

** SOLD **

Gross Waddell ICR is pleased to offer for sale via Expressions of Interest this land rich investment positioned within the heart of Melbourne's premier retail shopping strip Church Street, Brighton. 23-27 Church Street is considered one of Brighton's most prominent and highly desirable retail properties.

Rare opportunity to secure a landmark property with an established cash flow

Land bank opportunity with future re-development upside (STCA)

Substantial land holding of 552 sqm* with three street frontages

Three shops leased to two established tenants Waterfront Brighton and Eco D

Total rental of $357,600* p.a. net from two tenants

Significant frontage to Church Street of 16.8m*

Flexible Commercial 1 zoning

Surrounded by many of Australia's leading retailers

Church Street Melbourne's finest shopping strip known for its long history of low vacancies and strong rental growth

23-27 Church Street, Brighton is for sale via Expressions of Interest closing Thursday 16th November 2023 at 3pm.

For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*Approx.

Property History for 23 Church St, Brighton, VIC 3186

A timeline of how this property has performed in the market
Last Sold
$9,950,000
10 Nov 2023
  • 10 Nov 2023
    Sold for $9,950,000
  • 17 Oct 2023
    Listed for Sale Contact Agent

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About Brighton 3186

The size of Brighton is approximately 8.4 square kilometres. It has 22 parks covering nearly 10.9% of total area. The population of Brighton in 2011 was 21,257 people. By 2016 the population was 23,248 showing a population growth of 9.4% in the area during that time. The predominant age group in Brighton is 50-59 years. Households in Brighton are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Brighton work in a professional occupation. In 2011, 73.4% of the homes in Brighton were owner-occupied compared with 72.1% in 2016.

Brighton has 13,915 properties. Over the last 5 years, Houses in Brighton have seen a 19.01% increase in median value, while Units have seen a 15.78% increase. As at 31 October 2024:

  • The median value for Houses in Brighton is $3,347,412 while the median value for Units is $1,200,552.
  • Houses have a median rent of $1,350 while Units have a median rent of $799.
There are currently 23 properties listed for sale, and 26 properties listed for rent in Brighton on OnTheHouse. According to CoreLogic's data, 572 properties were sold in the past 12 months in Brighton.

Suburb Insights for Brighton 3186

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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.