417 South RoadBentleigh VIC 3204
Property Details for 417 South Rd, Bentleigh
Last Listing description (February 2026)
FOR SALE VIA EXPRESSION OF INTEREST CLOSING THURSDAY 26TH MARCH AT 4:30pm (AEDT).
Raine & Horne Land Victoria is proud to present one of the most compelling commercial development opportunities currently available in Melbourne's tightly held south-east corridor.
Strategically positioned on the high-exposure corner of Nepean Highway and South Road, this 798 sqm (approx.) Commercial 1 Zoned site sits at the intersection of two major arterial roads carrying substantial daily traffic volumes - delivering unmatched visibility and long-term commercial prominence.
Located just 13km from Melbourne CBD, the site is surrounded by proven infrastructure, established retail amenity and major lifestyle destinations, including:
• Moorabbin Industrial & Commercial Precinct (approx. 1.5km)
• Brighton Beach (approx. 2.5km)
• Chadstone Shopping Centre
• Immediate access to the Frankston Rail Line (Moorabbin Station within walking distance)
This is a blue-chip infill development opportunity in a fully established metropolitan precinct, not a speculative growth corridor.
DEVELOPMENT & INCOME UPSIDE
The property benefits from an approved planning permit for a 6-level, 66-room apartment building, significantly de-risking the development pathway.
Following discussions with a major hotel chain, the scheme has been redesigned to accommodate a 6-level, 70-room apartment hotel (STPA via planning amendment).
An indicative rental offer of $1.61 million per annum. presenting a rare opportunity to:
• Opportunity to Secure a nationally recognized operator
• Establish a strong covenant tenant
• Generate substantial commercial income
• Deliver an attractive yield on completion
This creates multiple exit strategies:
• Develop and retain for long-term passive income
• Develop and sell as a fully leased commercial investment
• Land-bank within a proven growth precinct
INVESTMENT SUMMARY
• Land Area: 798 sqm (approx.)
• Zoning: Commercial 1 Zone (C1Z)
• Prominent high-exposure corner position
• Approved permit in place (66 rooms)
• Upside to 70 rooms (STPA)
• Indicative rental: $1.6mill p/a.
• Settlement: 30/60/90 days
WHY THIS OPPORTUNITY STANDS OUT
• Permit in place - reduces planning risk
• Corner arterial location - irreplaceable exposure
• Established operator interest - strong income potential
• Infill metropolitan position - proven demand profile
• Multiple exit and value-add strategies
Opportunities combining planning approval, main road exposure and national operator interest are extremely limited in this market.
Serious investors and developers are encouraged to request the full plans and information memorandum.
Property History for 417 South Rd, Bentleigh, VIC 3204
- 17 Feb 2026Listed for Sale Contact Agent
- 19 Feb 2025Sold for $2,750,000
- 27 Nov 2024Listed for Sale UNDER CONTRACT
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 9,483 properties. Over the last 5 years, Houses in Bentleigh have seen a 8.88% increase in median value, while Units have seen a 6.54% increase. As at 28 February 2026:
- The median value for Houses in Bentleigh is $1,759,618 while the median value for Units is $796,843.
- Houses have a median rent of $790 while Units have a median rent of $670.
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