311 Bay StreetBrighton VIC 3186
Property Details for 311 Bay St, Brighton
Last Listing description (May 2022)
Fitzroys is delighted to offer for sale this superior freehold opportunity located on the bustling corner of Bay Street and Warleigh Grove in the highly sought-after Bayside suburb of Brighton.
This prominent corner freehold offers investors, owner occupiers and value add buyers an excellent opportunity to acquire a generational property with the flexibility to continue with the current tenancy, re-position the asset, occupy the site or further redevelop into a multiple level offering (stca).
The key attributes of this opportunity include:
- Prime Corner Site of 408sqm* with rear access entered from Warleigh Grove.
- Extensive frontage of 12.19* metres to Bay Street and 33.52 metres to Warleigh Grove.
- Leased to long standing tenant Brighton Carpets (25 plus years).
- Current Rent of $93,067 per annum plus outs and GST with exceptional rental growth potential.
- Highly flexible Commercial 1 zoning with a Design and Development Overlay (DD - 0010) promoting a preferred building height of 3 levels (STCA).
- Surrounded by a plethora of multi level apartment sites constructed, in construction and in planning stage.
- Bay Street features an excellent mix of national and popular local traders including Flight Centre, Chemist Warehouse, Subway, Aus Post, Coles, Mr & Mrs P, Rock Salt, Aspirations, Cloud 9, Hotel Brighton and more.
- Benefiting from high levels of foot traffic along Bay Street with the North Brighton Station adjacent.
311 Bay Street, Corner Warleigh Grove, Brighton presents an outstanding opportunity to acquire a prime Brighton corner freehold located in one of Melbourne's most established shopping precincts.
FOR SALE BY PUBLIC AUCTION FRIDAY 13TH MAY AT 1PM
Property History for 311 Bay St, Brighton, VIC 3186
- 13 May 2022Sold for $3,810,000
- 11 Apr 2022Listed for Sale Contact Agent
Recent sales nearby
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About Brighton 3186
The size of Brighton is approximately 8.4 square kilometres. It has 22 parks covering nearly 10.9% of 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 14,237 properties. Over the last 5 years, Houses in Brighton have seen a 9.63% increase in median value, while Units have seen a 11.07% increase. As at 30 November 2025:
- The median value for Houses in Brighton is $3,207,489 while the median value for Units is $1,172,947.
- Houses have a median rent of $1,350 while Units have a median rent of $760.
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