99 Orange StreetBentleigh East VIC 3165
Property Details for 99 Orange St, Bentleigh East
Last Listing description (August 2022)
POINT OF INTEREST:
Ask anyone and theyll say that in Melbournes loyal south-eastern suburbs, local businesses trump big corporates every day of the week. This is 200 sqm* of completely versatile commercial space, fully fitted for either retail, offices, or medical/consultation-based services. Offered with vacant possession, or with flexible lease terms of up to 5 years with the current tenant, Mandala Financial Services, returning $50,000 in annual lease income back in your pocket. A medical permit is already in place if youre clinically inclined, however theres also strong development potential with the ability to build up to 12 m* (or 3 storeys) from its current standing. Already included in the asset is a reception area, multiple private rooms, boardrooms, bathroom amenities with a shower, a full kitchen, plus an additional kitchenette. The rear laneway provides secure parking or the opportunity for further storage here, whichever suits your needs.
- 200 sqm* building area.
- Commercial 1 zoning.
- Air conditioning throughout.
- Offered with vacant possession, or with anew lease with the existing tenant.
- Currently returning $50,000 per annum net.
- Medical permit in place.
- 2 car spaces or storage area in garage.
- Strong mixed use development potential.
POINT OF VIEW:
The people of Bentleigh East fiercely celebrate their locals. Whether you're looking to invest, occupy or develop this is an asset that will be nurtured as affectionately as Sauls sandwiches, the Merchants Guild, and St Peter's Football Club.
*Approx.
Pricing excludes GST
Property History for 99 Orange St, Bentleigh East, VIC 3165
- 19 Aug 2022Sold for $860,000
- 08 Mar 2022Listed for Sale Contact Agent
- 03 Mar 2017Listed for Rent $23,000 / year
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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