Success Stories

BENTLEIGH 480 Centre Road

  • SOLD April 2010
  • Property type: Retail Investment
  • Vendor client: Client Owner
  • Buyer calls: 56
  • Inspections: 15

"Superb retail investment that ticks all the right boxes - immediate cash flow, potential long-term re-development and within the heart of Bentleigh's retail/commercial precinct."
Joseph Walton (Director)

THE RESULT: Sold @ auction to private investor
SALE PRICE: $1,525,000

Key Property Features:

  • The property comprises an older-style two-storey building, comprising a ground-floor retail shop and upper-level (former) residential dwelling, with rear driveway, car park and courtyard. Fully-leased, the property generates a solid rental income.
  • Ground floor shop/1st floor dwelling
  • Rental: $45,000 pa (+ GST & Outgoings)
  • Term: 3 years (comm May 09)
  • Outstanding location within significant retail precinct

Key Marketing Initiatives:

  • Campaign Slogan: "THE CLASSIC RETAIL INVESTMENT!"
  • Media Advertising: THE AGE (Sat's x 4 insertions & Wed's x 4 insertions)
  • JEWISH NEWS (Fri's x 3 inserts)
  • 1,000 full colour glossy A4 d/s brochures
  • Mailout: 900 qualified buyers
  • Property Reports
  • Signboard
  • Internet advertising
  • Email blast x 2 to qualified buyers