A cold shell, strata retail/office suite, on Brighton’s popular Bay Street shopping strip sold to an owner-occupier for $1.3million – more than $200,000 over the vendor’s reserve in a deal brokered by Teska Carson’s George Takis and Luke Bisset.
Located in the heart of the commercial and retail shopping precinct, the 209-211 Bay Street, property comprises a vacant, 109 square metre, premises with floor to ceiling windows providing excellent natural light, nine metres frontage to Bay Street, multiple storage rooms, and on-site parking for six cars.
The property is situated on the ground floor of BPM’s `The Standard Brighton’ 110 apartment, five level, complex, close to North Brighton Railway Station and approximately ten kilometres from the Melbourne CBD via the Nepean Highway.
According to marketing agents, Teska Carson’s George Takis and Luke Bisset, the property, which sold at a healthy $12,380 a square metre, attracted 65 enquiries and six formal offers via Expressions of Interest.
Mr Takis said the number of offers and the high level of enquiry underscored the post-Covid trend to suburban office property.
``This was an outstanding opportunity for both investors and owner-occupiers to secure a modern retail/office suite within arguably one of Melbourne’s most prestigious and highest performing retail/commercial precincts.
``The property also benefits from easy access to public transport and ample on and off-street parking, as well as quick access to major arterial routes,’’ Mr Takis said.
Mr Bisset said the property had also offered the successful purchaser the chance to invest within an area of strong growth potential underlined by the recent opening of a large format Coles store.
To request a sales analysis please contact either of the selling agents via the below contact details.