 Asset Class: | Retail |
 Price: | $ 2050000 |
 Net Yield: | 6.24 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<span style="color:rgb(0, 0, 0);">Located at 277 Centre Road, Bentleigh, this fully leased commercial asset presents a rare opportunity in one of Melbourne’s most sought-after retail and lifestyle precincts. This 328 sqm ground-floor retail space is securely tenanted by Dare Studio, a high-end fitness and training facility, providing an immediate and stable rental income stream. Positioned within a modern seven-level mixed-use development featuring 36 residential apartments, the property enjoys excellent street frontage, ensuring high visibility and foot traffic.</span><br><br><span style="color:rgb(0, 0, 0);">The property boasts a secure seven-year lease commencing in 2023, returning $135,778 per annum plus GST, with fixed 3.5% annual rental increases. The tenant covers all usual outgoings, backed by a four-month rent bank guarantee, ensuring a strong and reliable income stream. Dare Studio’s state-of-the-art luxury fit-out, with over $200,000 invested in high-end equipment and interiors, reinforces the premium nature of the asset.</span><br><br><span style="color:rgb(0, 0, 0);">Strategically located just 300m from Bentleigh Train Station, the property benefits from seamless connectivity to Melbourne’s CBD via the Frankston Line. Centre Road serves as the commercial heart of Bentleigh, surrounded by major retailers including ALDI, Coles, and Woolworths, as well as key banking institutions, making it a prime investment location. The suburb itself is a high-demand residential area, with a median house price of approximately $1.5 million and a population of around 17,000.</span><br><br><span style="color:rgb(0, 0, 0);">With its prime location, secure tenancy, and excellent long-term growth potential, this property is a standout investment opportunity in Melbourne’s thriving southeast.</span>
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<span style="color:rgb(0, 0, 0);">Bentleigh, located approximately 13 km southeast of Melbourne’s CBD, is a well-established and highly sought-after suburb within the City of Glen Eira. Known for its strong community atmosphere, excellent transport links, and vibrant retail and dining scene, Bentleigh offers a balanced mix of residential and commercial appeal. The suburb has a population of approximately 17,000 residents, with steady growth driven by ongoing gentrification and increasing demand for well-connected suburban living.</span><br><br><span style="color:rgb(0, 0, 0);"><b>Education & Employment</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Schools & Education: Bentleigh is home to several highly regarded schools, including Bentleigh West Primary School, St Paul’s Primary School, and Brighton Secondary College, making it a top choice for families.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Employment Sectors: The suburb benefits from its proximity to Monash University, major healthcare facilities, and professional service hubs. Retail, education, and small business sectors play a key role in the local economy, while easy access to the CBD allows residents to commute to Melbourne’s broader employment market.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);"><b>Transport & Connectivity</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Public Transport: Bentleigh Train Station, located on the Frankston Line, provides a direct route to Melbourne’s CBD in approximately 25 minutes. Several bus routes further enhance connectivity.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Road Access: The suburb has excellent road links, with Nepean Highway and South Road providing easy access to surrounding suburbs and the Melbourne CBD.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Future Infrastructure: The Victorian Government continues to invest in transport infrastructure, ensuring Bentleigh remains a highly accessible and well-connected suburb.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);"><b>Residential Market</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Housing Stock: Bentleigh offers a diverse range of housing, from charming period homes and modern townhouses to new apartment developments, catering to various buyer demographics.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Property Values: The median house price in Bentleigh is approximately $1.5 million, while units typically sit around $750,000.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Rental Market: With strong demand from families and professionals, Bentleigh maintains low vacancy rates and solid rental yields, with median rents of approximately $650 per week for houses and $500 per week for units.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);"><b>Lifestyle & Amenities</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Retail & Dining: Bentleigh’s commercial hub, Centre Road, features a wide variety of cafes, restaurants, supermarkets, and boutique stores, making it a vibrant shopping precinct. The suburb is also located a short drive from Chadstone Shopping Centre, one of Australia’s largest retail hubs.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Healthcare: Bentleigh is well-serviced by medical facilities, with several local clinics and hospitals nearby, including Moorabbin Hospital and Monash Medical Centre.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);"><b>Investment Highlights</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Economic Drivers: Strong retail, education, and small business sectors, along with proximity to major employment hubs.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Development Potential: Ongoing gentrification and modern townhouse and apartment developments continue to enhance the suburb’s property market.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Consistent Growth: Bentleigh has experienced strong capital growth, with increasing demand for residential and commercial properties.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Strategic Location: Positioned between the CBD and Melbourne’s southeast, Bentleigh offers both convenience and long-term investment potential.</span></p></li></ul>
Additional Location Information File<p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Dare Studio Gym was founded by David Ottobre and Luke Walker with a vision to redefine the fitness industry. After years of training, they observed that most gyms followed the same standard model—offering generic training programs with little to no personalized support. Recognizing the need for a more tailored approach, they set out to create a gym that prioritized individual lifestyle, unique injury history, and personal goals.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Dare Studio was established to break away from the traditional "one-size-fits-all" mentality. With a focus on personalized coaching, expert trainers, and state-of-the-art equipment, the gym provides a highly individualized training experience designed to help members achieve optimal results.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">What sets Dare Studio apart is its commitment to delivering a deeply considered and tailored approach to one-on-one training. The team consists of highly educated and experienced trainers who continuously advance their professional development to offer the best possible guidance. With diverse backgrounds spanning Sports Science, Nutrition, and Psychology, Dare Studio provides members with a holistic support system that goes beyond standard gym training.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">At Dare Studio, the focus is on more than just physical fitness—it is about empowering individuals, providing motivation, and helping clients become the best version of themselves. The gym fosters a supportive, high-energy environment where members receive ongoing encouragement and expert coaching every step of the way. With its innovative approach and strong sense of community, Dare Studio continues to set new standards in the fitness industry.</span></p>
Initial Term:
Security:
4 Months Rent
Security Info:
4 Months Rent
Initial Term:
Security:
4 Months Rent
Security Info:
4 Months Rent
371 Centre Road, Bentleigh $82,114 165sqm $498psqm 458 Centre Road, Bentleigh $103,000 130sqm $792psqm 424 Centre Road, Bentleigh $88,947 166sqm $536psqm 504 Centre Road, Bentleigh $40,000 86sqm $465psqm Shop 1/332-338 Centre Road, Bentleigh $50,000 96sqm $521psqm 736 Hampton Street, Brighton $160,425 345sqm $465psqm Ground, 284 Bay Street, Brighton $135,000 230sqm $587psqm
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<p style=""><span style="color:rgb(0, 0, 0);"><b>7-Year Lease:</b></span><span style="color:rgb(0, 0, 0);"> Commencing in 2023, providing a reliable income stream</span><span style="color:rgb(0, 0, 0);font-weight:normal;"> of $135,778 per annum plus GST, with fixed 3.5% annual rental increases.</span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Strong Tenant Covenant:</b></span><span style="color:rgb(0, 0, 0);"> Leased to</span><span style="color:rgb(0, 0, 0);font-weight:normal;"> Dare</span><span style="color:rgb(0, 0, 0);"> Studio Gym, a specialised premier fitness and training facility, not your average gym </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Excellent Lease Terms:</b></span><span style="color:rgb(0, 0, 0);"> Tenant covers all usual outgoings, supported by a</span><span style="color:rgb(0, 0, 0);font-weight:normal;"> 4-month rent bank guarantee.</span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Strategic Location:</b></span><span style="color:rgb(0, 0, 0);"> Positioned within a modern seven-level mixed-use development featuring 36 residences, in Bentleigh’s commercial hub, Centre Road, with extensive street frontage & 300m from Bentleigh station.</span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Affluent Suburb:</b></span><span style="color:rgb(0, 0, 0);"> Bentleigh boasts a median house price of approximately $1.5million and has a population of arou</span><span style="color:rgb(0, 0, 0);font-weight:normal;">nd 17,000 residents</span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>High Quality Fit out:</b></span><span style="color:rgb(0, 0, 0);"> A state-of-the-art luxury gym fit-out with over $200,000 invested in high-end finishes, top-tier equipment, and meticulously designed interiors.</span></p>
