2/47 Patterson Street, Bonbeach, VIC 3196 sold on 22 January 2026 | OnTheHouse
 
SOLD
Sold on 22 Jan 2026 for $395,000

2/47 Patterson Street
Bonbeach VIC 3196

Bedrooms: 3
Bathrooms: -
Car spaces: -
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Property Details for 2/47 Patterson St, Bonbeach

Building Type
Commercial
Year Built
2005
Local Government
Kingston
Lot/Plan
2A/PS536218

Last Listing description (November 2023)

Long Term Secure Investment - OWNER SAYS SELL!

Don't miss the opportunity to secure this outstanding tenanted investment in the vibrant beach side suburb of Bonbeach. Located a short distance from the beach & both Bonbeach & Carrum train stations this type of holding is rarely available.

Nestled within the heart of the popular beach side suburb, The Bonbeach Village Grocer has quickly become a favorite of the locals offering a selection of artisanal groceries alongside a diverse range of food and beverages. The established tenant has of over seven (7) years left on their original ten (10) year lease ensuring comfort and security for investors.

Tenancy Details:

Rental: $20,157.24pa
Lease Start: 01/01/2021
Term: Ten (10) years
Further Terms: Five (5) + Five (5) years
Increases: Fixed 3% annually, market review at expiry

The tenant, location & lease terms ensure a fantastic opportunity for first time or experienced investors. The opportunity won't be available long, call now to ensure you don't miss out.

Inspections are strictly by appointment only.

Sale Price: $370,000, 10% deposit, settle 60/90 days

- All sizes are approximate
- All figures are GST exclusive unless otherwise stated.

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Property History for 2/47 Patterson St, Bonbeach, VIC 3196

A timeline of how this property has performed in the market
Last Sold
$395,000
22 Jan 2026
  • 16 Nov 2023
    Sold - Price Undisclosed
  • 29 Aug 2023
    Listed for Sale PRICE REDUCED - $370,000
  • 22 Oct 2020
    Listed for Rent - Price not available
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About Bonbeach 3196

The size of Bonbeach is approximately 2.8 square kilometres. It has 8 parks covering nearly 31.7% of total area. The population of Bonbeach in 2016 was 6416 people. By 2021 the population was 6855 showing a population growth of 6.8% in the area during that time. The predominant age group in Bonbeach is 40-49 years. Households in Bonbeach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bonbeach work in a professional occupation.In 2021, 68.60% of the homes in Bonbeach were owner-occupied compared with 66.30% in 2016.

Bonbeach has 3,840 properties. Over the last 5 years, Houses in Bonbeach have seen a 17.10% increase in median value, while Units have seen a 17.60% increase. As at 31 March 2026:

  • The median value for Houses in Bonbeach is $1,253,289 while the median value for Units is $777,538.
  • Houses have a median rent of $720 while Units have a median rent of $575.
There are currently 14 properties listed for sale, and 3 properties listed for rent in Bonbeach on OnTheHouse. According to Cotality's data, 176 properties were sold in the past 12 months in Bonbeach.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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