274 & 276 Bay Street BRIGHTON VIC 3186
Price on Request

DESCRIPTION

Prestigious inner suburban location in the heart of Brighton’s booming Bay Street, a designated Major Activity Centre
Large Commercial 1 Site of 414 sqm with substantial 11.58m front and rear frontages
Two well maintained shops totalling 231.5 sqm plus 4 rear car spaces with easy access via rear ROW
Potential future upside for significant development up to 4 levels (STCA)
Follett & Co: 274 Bay Street on a 3+3 year lease with 4% annual increases - current rent $50,000 pa plus outgoings & GST
Party Affair: 276 Bay Street on a 3 year lease with annual CPI increases - current rent $42,200 pa plus outgoings & GST
Excellent rent growth potential
Total net Income $92,200 pa approx

Auction On-site
1pm Thursday 2 November 2017