709 Centre Road, Bentleigh East, VIC 3165 sold on 08 August 2025 | OnTheHouse
SOLD
Sold on 08 Aug 2025 - Price Unavailable

709 Centre Road
Bentleigh East VIC 3165

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 180m2
Land area: 150m2
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Property Details for 709 Centre Rd, Bentleigh East

Building Type
Commercial
Floor Size
180m2
Land Size
150m2

Last Listing description (August 2025)

RWC (Oakleigh) is pleased to offer 709 Centre Road, Bentleigh East, to the market via Public Auction on Friday 8th August 2025 at 2:00pm on-site and online.

This stand-alone, mixed-use freehold is located in the heart of the thriving Bentleigh East retail precinct and presents an outstanding dual-income investment opportunity with strong tenant history and long-term rental security.

Comprising a ground floor retail shop and a separately accessed two bedroom first-floor residence, the property is fully leased to reliable long-term tenants:

Ground Floor Retail: Leased to Vantastic Nails who have occupied the premises since 2017 and recently exercised their 5-year option from 1/2/25. The lease includes two further 5-year options, with a current rental of $30,402.43 p.a.* + GST + Outgoings.

First-Floor Residence: Leased to a long-standing tenant on a month-to-month tenancy, generating $17,724 p.a.*

Set on 150m²* of prime Commercial 1 Zone land with a total building area of 180m²*, the property enjoys direct exposure to Centre Road, within a bustling shopping strip featuring national retailers, hospitality, banking, health and personal care services.

Positioned in the prime core of the Bentleigh East shopping village, the property benefits from excellent exposure to pedestrian and vehicle traffic along Centre Road. It is just 350m* to East Boundary Road, a major local connector, and under 3.5km* to Nepean Highway. The Bentleigh Railway Station is 1.6km* away, providing direct access to Melbourne CBD (approx. 21km*), while bus services run directly along Centre Road and surrounding arterials.

Key Property Highlights:

• Total building area | 180m²*
• Total land area | 150m²*
• Total income | $48,126.43 p.a.* (combined retail + residence)
• Ground floor retail leased to established beauty tenant since 2018
• First floor separately metered and tenanted residence
• High-traffic location in busy Centre Road shopping strip
• Excellent exposure, signage rights and accessibility
• Suit long-term investors seeking a dual-income freehold

Open for inspection:

• Fri 8th August 2025 | 1:30pm-2:00pm (Auction Day)

For those unable to attend this highly anticipated Auction, it will also be held online via anywhereauctions.com.au of which you will be able to bid from the comfort of your home or office.

To Register to Bid Online: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property:
https://anywhereauctions.com.au/app/property?propertyId=57695

For further information, contact the exclusive agents:

Ryan Amler | 0401 971 622
Jonathan On | 0479 003 122

*All areas and figures approx. only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Property History for 709 Centre Rd, Bentleigh East, VIC 3165

A timeline of how this property has performed in the market
Last Sold
08 Aug 2025
Listed for Rent
$456/w
18 Jan 2017
  • 08 Aug 2025
    Sold for $941,000
  • 06 Jul 2025
    Listed for Sale Auction (On-site & Online)
  • 05 Nov 2020
    Sold for $926,000
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About Bentleigh East 3165

The size of Bentleigh East is approximately 9.0 square kilometres. It has 16 parks covering nearly 9.6% of total area. The population of Bentleigh East in 2016 was 27635 people. By 2021 the population was 30159 showing a population growth of 9.1% in the area during that time. The predominant age group in Bentleigh East is 40-49 years. Households in Bentleigh East are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Bentleigh East work in a professional occupation.In 2021, 74.20% of the homes in Bentleigh East were owner-occupied compared with 75.00% in 2016.

Bentleigh East has 14,340 properties. Over the last 5 years, Houses in Bentleigh East have seen a 23.05% increase in median value, while Units have seen a 25.50% increase. As at 31 December 2025:

  • The median value for Houses in Bentleigh East is $1,553,029 while the median value for Units is $1,057,329.
  • Houses have a median rent of $780 while Units have a median rent of $725.
There are currently 17 properties listed for sale, and 24 properties listed for rent in Bentleigh east on OnTheHouse. According to Cotality's data, 662 properties were sold in the past 12 months in Bentleigh east.

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Contact agent
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Ryan Amler
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Ray White Commercial Oakleigh
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.