Direct Chemist Outlet
285-305 Centre Road BENTLEIGH, VIC 3204

This property represents an exceptional investment opportunity, currently leased to a nationally recognized pharmacy chain. Located at Shop 2, 285-305 Centre Road in Bentleigh, this high-quality retail space is offered for sale via Expressions of Interest, closing on Tuesday 16th June at 3pm.

The investment benefits from a 10-year lease agreement, with options extending until 2039, secured by a reputable pharmacy operator trading as Direct Chemist Outlet, which operates 147 locations across Australia. This ensures a stable and long-term income stream for investors.

The premises comprise a high-profile retail area of approximately 240 square meters, directly adjoining a full-line ALDI supermarket. This adjacency enhances foot traffic and customer convenience, further supported by dual access points from both Centre Road and within the shopping arcade.

One of the standout features of this property is its ultra-rare street frontage of 30 meters, providing unmatched visibility and exposure to passing traffic. This frontage is a significant advantage in attracting customers and maintaining a strong retail presence.

The net income generated from this investment is approximately $139,467 per annum plus GST, with fixed annual rental increases, offering a reliable and growing return. Additionally, the property benefits from three secure car parks on title, with immediate access to extensive council parking at the rear, enhancing accessibility for customers and staff alike.

Situated in a brilliant location, the property is surrounded by a diverse array of recognized national and local traders, including three full-line supermarkets, all major banks, and quality eateries. This vibrant retail precinct supports strong consumer activity and business synergy.

This rare high-yielding investment opportunity is located within a sought-after residential and commercial pocket, supported by excellent connectivity to public transport options, including the Bentleigh Train Station just 250 meters away, and major arterial roads. These transport links facilitate easy access for customers and employees, contributing to the property's attractiveness.

Overall, this property offers a secure, long-term investment in a thriving retail precinct with strong tenant credentials, excellent location advantages, and significant exposure. It is ideal for investors seeking a stable income with potential for growth in a prime commercial setting.