445 Centre RoadBentleigh VIC 3204
Property Details for 445 Centre Rd, Bentleigh
Last Listing description (May 2021)
AUCTION WEDNESDAY 19TH MAY @ 12PM ONSITE
The property will be open for inspection as follows:
Thursday 6 May at 11am
445 Centre Road is ideally located in the heart of the Centre Road busy shopping strip precinct. Its surrounding amenity includes Coles, Woolworths, cafes, restaurants, fashion and a range of health/beauty operators attracting a wealth of customers to this bustling strip. The removal of the train crossing at Bentleigh Train Station has made traffic flow easy and customers are now coming here more often then ever.
Capital growth in this area has accelerated in the last 10 years underpinned by strong demographics of young families and young couples moving into the locality and spending money. Coupled with the Glen Eira Council Bentleigh Structure Plan over the next 10 years means this solid investment property is ideal for your property portfolio.
PROPERTY SUMMARY
* Total net income: $73,175 p.a. (two separate tenants)
* Tenants pay all outgoings (excluding land tax)
* Total building area: 162sqm*
* Total land area: 233sqm*
* Amazing frontage: 7.7m*
* Side courtyard
* Access to rear council car park
* Commercial 1 zoning
GROUND FLOOR
* Leased to Healing Hands Chinese Massage
* Net rental: $50,125 p.a.
* New lease until January 2024
* Excellent fixed 2.5% increases throughout the lease
* Tenant has one (1) further options of three (3) Years
FIRST FLOOR
* Leased to Head Hunters Hair & Body
* Net rental: $23,050 p.a.
* Have just exercised their new 3 year lease until 2025
* CPI annual rental increases
* Tenant has one (1) further options of 3 (three) years
For further details or to arrange an inspection please contact:
James Glen 0401 493 277
Matt Nichols 0418 186 488
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 445 Centre Rd, Bentleigh, VIC 3204
- 19 Apr 2021Listed 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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