Prestigious Bayside Corner Investment of 3 Shops + 3 Apartments Offered In-One-Line
111-113 Bluff Road, Black Rock VIC

Stonebridge Property Group are pleased to present for sale 111-113 Bluff Road, Black Rock (corner of Love Street).

Key highlights include:

  • Prominent bayside corner investment of 3 retail shops and 3 separate two-bedroom apartments
  • Existing subdivision provides the potential for the property to be immediately sold down into 6 separate parcels, if desired
  • 500sqm* Commercial 1 Zoned landholding positioned on the well exposed intersection of Bluff Road, Love Street & rear lane (64m* of combined street frontage)
  • Providing a fully leased annual income of $186,000*
  • Substantial double level 633sqm* mixed use building benefiting from a convenient basement car park, providing on-title parking for 11 cars and additional storage spaces
  • Well-designed two-bedroom residential apartments include oversized open plan living areas and both front and rear balconies
  • The affluent bayside suburb of Black Rock boasts a median house price of $1,882,500^ and median two bedroom unit price of $1,005,000^
  • Bluff Road is the main arterial route to access the Black Rock retail precinct, major supermarkets, surrounding sporting amenity and Sandringham Hospital, which sees circa 13,000^^ vehicles pass by daily
  • 111-113 Bluff Road, Black Rock is strategically positioned directly adjacent Australia’s most internationally renowned golf course – The Royal Melbourne

* Approximately
^ Source: realestate.com.au
^^ Source: Vicroads

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.