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Fitzroys is delighted to offer for sale this versatile freehold investment located within the rapidly developing shopping precinct of Bay Street in highly popular bayside suburb of Brighton. This outstanding opportunity provides investors with the rare chance to acquire a triple income freehold investment located opposite a high performing Coles Supermarket and close to a popular pedestrian crossing. The key attributes of this opportunity include:

• Leased freehold property with rent from multiple income streams.


• Versatile building of 280sqm* comprising of a soon to be fitted out retail premises, separate modern 3 bedroom apartment plus separate north facing residential studio.


• New long lease to multi-store tenant - Studio Royale with stores in Canterbury and Malvern.


• Flexibility to occupy 3 bedroom apartment.


• Land area: 185sqm* with excellent frontage of 6.09 metres* and rear road access from Warleigh Grove.


• On-site garage car parking included.


• Superb transport connectivity via North Brighton Train Station and excellent access via Nepean Highway into the Melbourne CBD.


• Close to notable and established businesses including Rock/Salt, Chemist Warehouse, Flight Centre, Little Sister and more.


• First class education facilities nearby complimented by a strong local demographic.


• 387 Bay Street, Brighton provides an outstanding opportunity to acquire an impressive freehold investment with the benefit of a new lease to a multi-store retail tenant and diverse income from the remaining tenancies.

*Approx.