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
^ Source: realestate.com.au
^^ Source: Vicroads
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.