A substantial landholding in the heart of Brighton has been listed for sale for circa $5 million, presenting a key blue-chip investment opportunity to buyers.
The property at 429 Bay Street spans 1,300sqm across three titles within Commercial 1 Zoning and offers a diversified income stream due to its existing medical centre and two residential dwellings. It additionally benefits from its location adjacent to a Coles supermarket and proximity to North Brighton train station.
Mr Peluso said; “Current market conditions are translating to buyers wanting a secure return on their investments, which the property offers with its diverse income stream from the residential and healthcare tenancies.”
Mr Minty added; “Brighton is regarded as one of Victoria’s most desirable investment locations because of its median household income that is well in excess of the average for greater Melbourne. As a result of its strong economic profile, the area has proven to be popular with investors over the past decade.”
The property is being offered to market by way of on-site auction on Friday March 1, 2019 at 12:30pm (AEDST).
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