RARE MAIN ROAD CORNER MIXED USE DEVELOPMENT SITE
Description
Crabtrees are pleased to offer for immediate private sale this prominent mixed use, multi-level corner development site (STCA) in tightly held East Bentleigh which now boasts a median house price of over $1 million and median apartment price of $726,000 in a high demand market*
The site consists of 3 titles with 2 shops currently returning $30,575p/a net approx. plus outgoings, with both leases expiring by March 2017. Enjoy the income while applying for your permits.
Features:
+ 3 Titles
+ 2 Retail shops
+ Main road corner site
+ Total land of 628m2 approx
+ Favourable Commercial 1 Zoning
+ First time offered in over 30 years
+ 15.85m* frontage to North Road and 39.63m* to Poet Road
+ Excellent mixed use, multi-unit development site (STCA)
+ INVEST, OCCUPY OR DEVELOP
Located on the corner of North and Poet (Poath) Roads, the property is ideally positioned with great access to the city via bus or train and Monash M1 Freeway via Warrigal Road. The area boasts numerous parks and recreational facilities including GSAC, fantastic shopping strips, Chadstone Shopping Centre, as well as highly regarded schools and universities and is close to world renowned golf courses including the Metropolitan, Yarra Yarra & Commonwealth Golf Clubs.
*Source realestate.com.au Data supplied by RP Data Pty Ltd trading as CoreLogic.
The site consists of 3 titles with 2 shops currently returning $30,575p/a net approx. plus outgoings, with both leases expiring by March 2017. Enjoy the income while applying for your permits.
Features:
+ 3 Titles
+ 2 Retail shops
+ Main road corner site
+ Total land of 628m2 approx
+ Favourable Commercial 1 Zoning
+ First time offered in over 30 years
+ 15.85m* frontage to North Road and 39.63m* to Poet Road
+ Excellent mixed use, multi-unit development site (STCA)
+ INVEST, OCCUPY OR DEVELOP
Located on the corner of North and Poet (Poath) Roads, the property is ideally positioned with great access to the city via bus or train and Monash M1 Freeway via Warrigal Road. The area boasts numerous parks and recreational facilities including GSAC, fantastic shopping strips, Chadstone Shopping Centre, as well as highly regarded schools and universities and is close to world renowned golf courses including the Metropolitan, Yarra Yarra & Commonwealth Golf Clubs.
*Source realestate.com.au Data supplied by RP Data Pty Ltd trading as CoreLogic.