526 Nepean Highway, Bonbeach

Sold

Thursday, 21st March 2024

Best of Both Worlds

Nichols Crowder are pleased to announce the sale of 526 Nepean Highway, Bonbeach. Located on the tightly held Nepean Highway, properties like this rarely become available for sale.

The property is only 300m* from Bonbeach train station and 150m* from the beach. Located on the corner of Nepean Highway and Williams Grove with 7.3m* of frontage onto Nepean Highway and 32.4m* frontage onto Williams Grove.

The ground floor retail shop was previously occupied by a Liquor store with the first floor previously occupied for residential use. Both tenancies have their own entrances and amenities.

The property also has monthly income from Vodaphone & Telstra with both companies having Phone towers on the roof. Income from these two tenancies totals $37,722.73 PA + GST + Outgoings.

This property has massive upside with a small renovation upstairs we estimate potential total rental return once fully leased to be $94,000PA + GST.

Features include:

* Total building area: 311sqm*
* Ground floor retail: 140sqm*
* First floor residential dwelling: 171sqm* (3 Bedrooms/1 Bathroom)
* 2 x Garages at the rear
* Front & Rear access
* Potential total rental return: $94,000 per annum

For further information or to arrange an inspection, please contact the listing agent.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorised use is strictly prohibited.

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We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.

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