Significant Income Profile
Excellent Tenant Mix
Ability to Further Value-Add
Kay & Burton Bayside and Gross Waddell ICR, under the instructions of Transaction Manager Advise Transact, are pleased to present 105-107 Carpenter Street, Brighton - a rare opportunity to acquire a character filled commercial freehold in the tightly held bayside location. Offering significant income returns, this commercial freehold boasts historical charm and strong income diversity ideal for investors seeking a high yielding investment with further value-add potential or future development potential (STCA).
Substantial two-storey commercial freehold with 623 sqm* of architectural character and quality upgrades
Significant income profile with a passing net income of $231,019 per annum*
Potential fully let income of $268,371 net pa*
Excellent tenant mix offering strong rental history to long established tenants
Thoughtfully designed landscaped courtyards, breezeways, and abundant natural light throughout
Idyllic retail and lifestyle amenity on the doorstep being metres to North Brighton Station and Bay Street retail village
671 sqm* General Residential Zone 2 (GRZ2) landholding within the proposed Train and Tram Activity Centre, allowing future development up to 4 or more levels (STCA)
Surrounded by some of Melbourne's most prestigious schools including Firbank Grammar, Brighton Primary and Brighton Grammar
Located in the heart of Brighton boasting a median house price of $3,200,000 (source REIV)
105-107 Carpenter Street represents an exceptional opportunity to invest in one of Melbourne's most tightly held commercial pockets. For further information or to organise a personalised tour of the property, please contact the teams at Gross Waddell ICR or Kay and Burton.
Kay & Burton Bayside:
Jia Teresa Wizel - 0478 774 788
Alex Schiavo - 0419 239 549
Gross Waddell ICR:
Danny Clark - 0448 066 8...
Alex Ham - 0410 545 2...
Glenn Ye - 0400 880 3...
Transaction Management By
Advise Transact
*approx.
