370 & 370A Bay Street, Brighton, Vic 3186

In commercial real estate, position and location are often mentioned, but rarely do they combine to create a truly exceptional offering like that of 370 Bay Street, Brighton.

Ideally positioned in the heart of Brighton's thriving retail and hospitality precinct, this is arguably one of Bay Street's most sought after commercial addresses.

The property comprises a two (2) level shop and dwelling, featuring an established ground floor retail tenancy, Hachi Kichi Japanese Restaurant. There is a separate neighbouring ground floor retail tenancy, complemented by a renovated three (3) bedroom apartment on the first floor, both of which are currently vacant.

We are offering a portion of the ground floor and the entirety of the first floor for sale or lease. The other ground floor tenancy will remain leased to Hachi Kichi, and is being offered for sale only.

Surrounded by leading retailers and hospitality operators including Chemist Warehouse, Australia Post, Zeppelin Kitchen, Burger Road and Coles Supermarket, the property benefits from excellent amenity and exposure within one of Melbourne's most tightly held commercial precincts.

Capitalise on the significant long term value add potential, combined with the opportunity for owner occupation, in this outstanding property positioned in one of Melbourne's most tightly held commercial precincts.

Key features include:

* Total building area: 215sqm*
* Combined ground floor area: 130sqm*
* 370 ground floor area: 80sqm*
* 370A ground floor area: 50sqm*
* First floor area: 85sqm*
* Two (2) level shop and dwelling
* Established tenancy: Hachi Kichi Japanese Restaurant
* Mixed use whole building freehold, comprising two ground floor retail tenancies and a renovated three (3) bedroom first floor apartment
* Current secure annual income: $72,500 per annum*
* Fully leased income: $115,000 per annum*
* Valuable rear laneway access
* One (1) secure garage car space
* Situated between Nepean Highway and North Brighton Station
* Surrounded by leading retailers and hospitality operators, including Chemist Warehouse, Australia Post, Zeppelin Kitchen, Burger Road and Coles Supermarket

For further details or to arrange an inspection please contact:

Harry Fereday 0448 220 805
Matt Nichols 0418 186 488

DISCLAIMER:

* All information and measurements are approximate and should not be relied upon as accurate. The stated net internal area of the premises is provided as an indicative estimate only and is not a substitute for carrying out precise measurements. Interested parties should refer to the Contract of Sale and/or Lease documentation for definitive details. All images are subject to copyright.  

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