389-391 Bay StreetBrighton VIC 3186
Property Details for 389-391 Bay St, Brighton
Last Listing description (November 2023)
Jones Real Estate is privileged to present 389-395 Bay Street, Brighton to the market For Sale via Private Negotiation.
This is an increasingly rare and luxurious, permit approved residential development opportunity, situated in one of Melbourne's most revered suburbs, Brighton, for your consideration.
With direct accessibility to key lifestyle drivers such as Coles and other social and transport amenity this property offers a developer an incredibly rare opportunity to develop in one of Melbourne's most tightly held locations.
Key highlights of this opportunity include:
- Positioned on a prime landholding of 744sqm* with over 48m* of combined frontage to both Bay Street and Warleigh Grove.
- Permit approved luxury development site with plans from highly revered Peddle Thorpe architects, consisting of a four-level mixed use development, comprising of 12 apartments with a mixture of two and three beds, 2 retail shops, with a project NSA of 1,632sqm*.
- With commanding frontage to the north facing Warleigh Grove, over 50% of the proposed development will feature beautiful northern sun, whilst the remaining apartments will be blessed with stunning views over Bay Street and greater Brighton.
- Situated within the heart of Bay Street, the property is surrounded by a plethora key amenity, such as Epworth Brighton, North Brighton Station, and the beaches of Brighton.
- Brighton is a premier lifestyle destination, boasting a median house price of $3,137,500^. From prestigious schools, vibrant cafs & restaurants, pristine beaches, and premium fashion retailers - the suburb of Brighton has it all.
- The property's location is further enhanced by its proximity to major arterial road networks such as New Street, St Kilda Street, and the Nepean Highway.
- Brighton is home to some of the Australia's esteemed education institutions, such as: Brighton Grammar School, St Joan of Arc, Haileybury and Firbank Grammar School.
- Property is zoned Commercial 1 - C1Z with a DD010 Overlay.
*Approx.
^***
For further information, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Property History for 389-391 Bay St, Brighton, VIC 3186
- 15 Nov 2023Listed for Rent - Price not available
- 09 Aug 2023Listed for Sale Contact Agent
- 20 Sep 2018Sold for $2,905,000
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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