284-296 Centre RoadBentleigh VIC 3204
Property Details for 284-296 Centre Rd, Bentleigh
Last Listing description (March 2023)
Gorman Allard Shelton is pleased to offer 284-296 Centre Road, Bentleigh for sale by Expressions of Interest closing Thursday 2nd March 2023 at 2pm.
This is a rare opportunity to acquire an outstanding main road landholding with enormous potential for purchasers to either occupy, develop, subdivide, or hold for investment.
Key benefits of this opportunity include:
* Significant land holding of 2,530 sqm (approx.)
* Building area: 1,192 sqm (approx.)
* Existing improvements comprise 6 retail shops + 42 car spaces
* Short-term Income: $423,861 pa + GST + outgoings (Expiry 29 June 2024)
* Zoning: Part Commercial 1 & Part Neighbourhood Residential 1 (providing a variety of options to purchasers (STCA)
* Two street frontages to Centre Road and Gilbert Grove
* Prominent retail frontage to Centre Road of 42+ metres
Located 400m from Bentleigh Train Station with immediate access to major arterials including Nepean Highway providing direct access to the Melbourne CBD (12.5km*) and Mornington Peninsula. This property is also surrounded by amazing lifestyle amenity, including bayside beaches (4kms), parklands and Chadstone/Southland Shopping Centres.
Property History for 284-296 Centre Rd, Bentleigh, VIC 3204
- 06 Mar 2023Sold for $9,500,000
- 31 Jan 2023Listed for Sale Contact Agent
Recent sales nearby
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About Bentleigh 3204
The size of Bentleigh is approximately 4.7 square kilometres. It has 6 parks covering nearly 3.8% of total area. The population of Bentleigh in 2016 was 16153 people. By 2021 the population was 17921 showing a population growth of 11.0% in the area during that time. The predominant age group in Bentleigh is 40-49 years. Households in Bentleigh are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bentleigh work in a professional occupation.In 2021, 69.30% of the homes in Bentleigh were owner-occupied compared with 70.50% in 2016.
Bentleigh has 9,484 properties. Over the last 5 years, Houses in Bentleigh have seen a 18.89% increase in median value, while Units have seen a 12.79% increase. As at 31 December 2025:
- The median value for Houses in Bentleigh is $1,829,353 while the median value for Units is $822,171.
- Houses have a median rent of $778 while Units have a median rent of $650.
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