912-926 North RoadBentleigh East VIC 3165
Property Details for 912-926 North Rd, Bentleigh East
Last Listing description (March 2023)
POINT OF INTEREST:
A prime freehold investment that will serve you well for the coming decades. As one of Repco's top performing stores who have been in occupation since 2012, you can almost guarantee a lease in place to 2032. And will a huge impending development upside as part of the East Village Development Precinct Structure Plan, the trajectory of this site is only going in one direction - four plus level up!
- Long standing tenant GPC (Repco) with current lease to November 2027 with 5 year option.
- Current Lease Value: $169,978 per annum.
- Tenant currently pays all outgoings including Land Tax.
- Total building area: 885 sqm*
- Total land area: 1,532 sqm*
- Exceptional future development upside for multi level commercial office as part of the East Village Structure Plan. 4+ level height limit (Subject to council approval).
- Over 21.5 million passing cars annually, 36,000 passing cars daily (Vic State Govt Data 2020).
- Looking over TheDuncan Mackinnon Reserve, and close proximity to Virginia Park, GESAC, and Bentleigh East retail strip.
POINT OF VIEW:
A set and forget investment ready to role out the development plans on perhaps in 2032. Or simply continue allowing your tenant to enjoy over 21.5 million eye balls on their retail brand each year!
*Approx.
Pricing excludes GST
Property History for 912-926 North Rd, Bentleigh East, VIC 3165
- 18 May 2026Sold for $1,224,270
- 18 May 2026Sold for $408,090
- 20 Mar 2023Sold for $1,886,749
Recent sales nearby
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0About Bentleigh East 3165
The size of Bentleigh East is approximately 9.0 square kilometres. There are 16 parks, covering nearly 9.6% of the 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 14,400 properties. Over the last 5 years, Houses in Bentleigh East have seen a -4.05% decrease in median value, while Units have seen a 1.55% increase. As at 31 July 2026:
- The median value for Houses in Bentleigh East is $1,432,295 while the median value for Units is $1,026,672.
- Houses have a median rent of $795 while Units have a median rent of $773.
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