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Sold on 21 Oct 2024 - Price Unavailable

3/197 Bay Street
Brighton VIC 3186

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 95m2
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Property Details for 3/197 Bay St, Brighton

Building Type
Commercial
Floor Size
95m2
Local Government
Bayside
Lot/Plan
3/PS441322

Last Listing description (October 2024)

STREETFRONT OFFICE - HIGH-TRAFFIC LOCATION -
QUALITY GLASS-PARTITIONED OFFICE SPACES

Blue-chip investment meets a prestigious location in this remarkable street front office. This high-profile office suite, available with a rewarding lease until the end of 2025, offers an outstanding return along with ongoing opportunities for renegotiation. The property stands out among neighboring professional establishments, boasting a strong presence and excellent signage potential. Situated in the heart of a prime retail strip, it lies within a sought-after medical and professional area.

◽ ground-floor 95sqm* street front-office

◽ leased to 31st December 2025 with 2 x 3 year options.

◽ partitioned for office use; open-plan workspace
◽ reception area, enclosed meeting-room
◽ high-quality private kitchenette and WC facilities

◽ ducted climate-control, alarm
◽ floor-to-ceiling windows on 2 sides (to street and arcade)
◽ excellent scope for window signage
◽ all-ability access via ramp and step entry
◽ 2 secure basement garage spaces
◽ 200m to North Brighton station
◽ in-demand strip of medical and professional premises

*NB All prices exclude GST unless otherwise stated and all sizes are approximate.

"A vision for tomorrow requires a strategy today. Dive into the future with DBRE."

The core focus of DBRE is industrial, commercial and retail property.

Between us we offer over 85 years’ experience in the commercial and industrial property markets with intricate knowledge of Melbourne's southeast corridor.

Property History for 3/197 Bay St, Brighton, VIC 3186

A timeline of how this property has performed in the market
Last Sold
21 Oct 2024
Listed for Rent
$949/w
07 Jan 2019
  • 21 Oct 2024
    Sold
  • 01 Oct 2024
    Listed for Sale Contact Agents
  • 07 Nov 2018
    Listed for Rent $49,500 / year
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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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Contact agent
David Bancroft
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James Davie
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DBRE - Moorabbin
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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.