140/142A Martin StreetBrighton VIC 3186
Property Details for 140/142a Martin St, Brighton
Last Listing description (November 2023)
Stonebridge Property Group is pleased to present for sale 140 & 142A Martin Street, Brighton, a rare freehold supermarket located in one of Melbourne's most prestigious Bayside suburbs.
The key highlights of the opportunity include:
- 100% tenanted by highly popular supermarket, Grape & Grocer, on a renewed 9-year net lease
- Boasting a strong 40+ year track record of supermarket trading success
- The central Martin Street Village landholding spans 597 sqm*, with the freehold interest of 140 Martin Street making up 375 sqm*
- Tenants enjoy exposure via 18 m* of Martin Street frontage and benefit from highly accessible rear lane access
- The prominent building spans 480 sqm* of prime open plan retail space
- Next to Gardenvale Station (30 m*), Star of the Sea College (470 m*) and various other popular retailers, driving foot traffic to the thriving retail village
- Brighton is a premier Bayside suburb and one of the most affluent in Victoria, currently boasting a median house price of $3,174,250^
- Currently providing annual income of $135,200 + GST*, benefiting from strong 4% fixed annual rental increases
140 & 142A Martin Street is offered for sale via Public On-site Auction on Friday 8th December 2023 at 12:30pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Sarah Xi
0468 320 297
Rorey James
0439 400 081
Stonebridge are selling the freehold interest ONLY of 140 Martin Street, however there is a leasehold interest with Vic Roads for the premises of 142A Martin Street, which is leased to the vendor of 140 Martin Street and on lease to Grape & Grocer.
For further details on this agreement, please contact the selling agents.
*Approximately
^Source: RealEstate.com
Property Code: 809
Property History for 140/142a Martin St, Brighton, VIC 3186
- 03 Nov 2023Listed for Sale Contact the Stonebridge Team
Recent sales nearby
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About Brighton 3186
The size of Brighton is approximately 8.4 square kilometres. There are 22 parks, covering nearly 10.9% of the total area. The population of Brighton in 2016 was 23253 people. By 2021 the population was 23252 showing a stable population in the area during that time. The predominant age group in Brighton is 50-59 years. Households in Brighton are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Brighton work in a professional occupation.In 2021, 73.20% of the homes in Brighton were owner-occupied compared with 72.10% in 2016.
Brighton has 14,212 properties. Over the last 5 years, Houses in Brighton have seen a -9.47% decrease in median value, while Units have seen a 11.47% increase. As at 31 May 2026:
- The median value for Houses in Brighton is $3,128,580 while the median value for Units is $1,199,549.
- Houses have a median rent of $1,500 while Units have a median rent of $763.
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