Located on Centre Road amongst a large strip of popular shops, restaurants and cafes, Nichols Crowder were pleased to offer a unique double-storey office to the market at 258 Centre Road, Bentleigh.
Having been tenanted by 'Australian Research Survey Group' since 2018, the commercial investment site boasts great potential for owner occupiers, whilst also provides the possibility for development/extensions (STCA) due to commercial 1 zoning.
The property itself contains a ground level of approximately 150sqm, which includes 6 separate offices, toilet amenities, a reception area and street frontage exposure. Whilst the first floor area sizes up to be approximately 84sqm, comprising of two large central rooms, a kitchen area, two seperate toilets and a rear balcony. Additionally, the site also includes a parking lot which holds up to approximately 4 cars.
Having generated strong interest in the market, more than 35 people attended the auction interested to witness the result. As three bidders fought hard to secure the office investment. the 234sqm site was sold under the hammer for $1,310,000, representing an annual return of 4.12%.
Congratulations to Nichols Crowder on a well-conducted and successful campaign!
Photo taken by Nichols Crowder
