51-53 Patterson Road, Bentleigh, Vic 3204

Expressions of Interest ending 22nd July at 6pm (Unless Sold Prior). 

Arguably Glen Eira’s most impressive lifestyle and investment opportunity, and absolutely the most flexible, this mixed-use retail and residential property is a unique find...in a uniquely appealing retail and rail hub setting. At the heart of the village just 60m to the station, this double shopfront offers approx 243sqm retail floorspace with office, kitchen & WC, a vastly versatile residence of approx 262sqm over 2 levels, and 4 car garaging over two double garages. 

Ready to occupy, invest, or occupy-and-invest, the property provides long-term security with a retail tenancy currently returning $49,514pa + GST and outgoings with 3 x 5 year options (commenced March 2017) providing on-going tenancy until 2032 PLUS an additional anticipated residential rental of up to approx $65,000pa.
  
Perhaps the biggest added value lies in the opportunity to combine family living and village life in the rear two-storey 5 bedroom, 3 bathroom, triple zone residence. Fronted by a tranquil double-glazed master-suite and wrapping the rear of both shopfronts, this cleverly accommodating home features a lofty family zone flowing to a BBQ-plumbed balcony-terrace, a large central formal lounge-dining, and a third flexible ground-floor living zone. 

Quality appointed with a family-sized Bosch appliance kitchen plus second ground-floor kitchen area, this reverse-cycle air-conditioned home features quality bathrooms plus a private ensuite, great storage including built-in and walk-in robes, and multiple skylights. There’s even the added flexibility to divide the home into two separate dwellings - a two bed ground-floor unit plus three bedroom, two bathroom, dual zone family residence to further enhance the enjoy-and-invest options...or to add value with three income streams.  

Invest where you live and pay your way to life in a big Bentleigh family home in the Brighton Secondary College Zone within a walk Our Lady of Sacred Heart College, St Paul’s Primary School, Bentleigh West Primary and Victory Park. Look to the long-term with the security and flexibility of 3 individual income streams. Secure a rare multi-generational asset with potential for multi-residence development in the future (Subject to Council Approval). For further information on this exciting project contact Todd Dixon at Buxton Bentleigh on 0448 881 434 or the Buxton Office on 9563 9933. ALL ENQUIRIES MUST INCLUDE A CONTACT NUMBER.