Triple-fronted Bentleigh retail investment leased to Vinnies sold
Staff reporterDecember 7, 2020
A retail freehold in the key Centre Road, Bentleigh shopping strip has sold for $2.025 million under the hammer.
Fitzroys agents Chris Kombi and Mark Talbot sold the property on behalf of vendor Ninetieth Ecstasy Pty Ltd, with six bidders on auction day pushing the price $350,000 above the reserve.
The 280sqm site has a triple frontage to Centre Road, Burgess Street and a rear public carpark, and comprises a 250sqm retail building.
Leased to St Vincent de Paul Society under the Vinnies retail banner for 3 x 3 x 3 years, the property currently returns $65,000 per annum plus outgoings and GST.