

POINT OF INTEREST
743 CENTRE ROAD, BENTLEIGH EAST.
BUILDING AREA
125 sqm*
LAND AREA
185 sqm*
ZONING Commercial 1 Zone
TENANCY
Retail shop tenanted to Doggies World Pet Grooming Residential apartment leased privately

METHOD OF SALE Private Sale
SALE TERMS
10% deposit, balance 60/90 days
POINT OF VIEW
Double a traditional asset’s offer that will see acute investors benefitting in the same way. 743 Centre Road is a commercial and residential blend where business at the front consists of a 55 sqm* retail shop front, while leisure out the back looks like a renovated two-bedroom home.

Retail space leased for $21,000 per annum
Two bedroom apartment leased for $19,796 per annum

Plenty of development potential for a multi-level extension in the future
More then 14,000 passing cars daily on Centre Road
Vibrant retail precinct
Public transport options include buses and trains just down the road
Commercial 1 Zoning
Double parking spaces via rear lane access
“A flexible mix use freehold with multiple incomes and all on busy Centre Road.”
JOHN NOCKLES DIRECTOR - AGENCY
“A dual income asset with future development potential – perfect for both the short & long term buyer.”
— TIM COONEY SENIOR PROPERTY EXECUTIVE
IMPROVEMENTS
There are obvious investor advantages here with two rental incomes provided from the retail shop and residential home, which are being sold as one parcel. There’s also plenty of development potential with the opportunity to extend, repurpose as retail, add additional levels for office, or boutique apartments (STCA).


The two bedroom apartment is a solid home with two good sized bedrooms with freestanding robes, renovated bathroom and kitchen with dishwasher and gas cooktop, separate laundry and split system heating and cooling. The home comes with 1 car space accessed via the rear laneway. There is off-street parking available for guests.

The front of house retail shop of 55 sqm* floor area includes a showroom of 36 sqm* and kitchenette of 17 sqm*. It has been refurbished with laminated flooring and split system heating and cooling. It comes with 1 car space at the rear. There is ample public parking for customers on Centre Road.

TENANCY SCHEDULE
Retail Shop

TENANCY SCHEDULE
Two bedroom apartment

$19,269
12th May 2023
20% water rates, 100% electricity.
ALL SIGNS POINT TO: BENTLEIGH EAST. AND THE POINT?
Situated just footsteps from Moorabbin Hospital, moments from Bentleigh East shops & cafes and with buses right outside the door, this position is also zoned for Coatesville Primary School and close to Bentleigh Secondary College.
Centre Road has more than 14,000 passing cars visiting the vibrant retail precinct daily thanks to the multicultural independent eateries, big-name retailers, and village-style amenities.

The amenity-rich neighbourhood of Bentleigh East is filled with parks and recreation including Bailey Reserve, home to Glen Eira Sports and Aquatic Centre, Centenary Park sporting ground, and Mckinnon Reserve.
Public transport has also been considered here with buses aplenty and Bentleigh railway station only 1.8km’s down the road.
For marathon runners; sit on your passive investment with a combined annual income of roughly $40,000. For sprinters; develop something even bigger to earn more. For both; the race is on.
Since opening in 1975, the 147-bed Moorabbin Hospital, part of Monash Health, has become one of Victoria’s leading medical and research facilities, building a tradition of high quality care to its community. It is home to the Monash Cancer Centre and other health care services in addition to Victoria’s first Simulation Centre, which plays a major role in the education and training of undergraduate and postgraduate medical students, nurses and allied health professionals.

Centre Road, Bentleigh, is a vibrant shopping strip with a huge range of fresh food, dining options. Many trendy restaurants and cafes exist including a local favourite, The Merchants Guild cafe and the iconic Boundary Hotel.


Local traders. Centre Road is the destination for a wide range of Retail, Professionals, and new Residential Developments.


Government schools within Bentleigh East include Valkstone Primary School, Coatesville Primary School, Tucker Road Primary School, East Bentleigh Primary School and McKinnon Secondary College.







ON
THE MAP: BENTLEIGH
EAST. Bentleigh East is located 15 km south-east of the CBD. Located between North and South Rd with the Warrigal Hwy on the east Bentleigh East is a primarily residential suburb.
Bentleigh East has a small pocket of industrial activity on East Boundary Rd and features the Monash Medical Centre Moorabbin Campus. Yarra Yarra Golf Club occupies a large part of the suburb in the south-east corner.
Recent facts show that the median age for home occupiers is 40 years and the median household size is 2.7 people The average number of bedrooms per occupied private dwelling is 3.2. 69.2% occupy a separate house in this suburb and 14.1% are semidetached.
PROPERTY PARTICULARS
PRINCIPLE OUTGOINGS
Council rates: $2,200 per annum*
Water rates: $768 per annum*
Land tax: $2,306 per annum*
SITE DETAILS
TITLE PARTICULARS
Frontage to Centre Road: 6.3 metres*
Western side boundary: 29.9 metres*
Eastern side boundary: 29.9 metres*
Southern side boundary: 6.3 metres*
Total site area: 185 square metres*
Certificate of Title — Volume 11627 Folio 499
Lot 44 on Plan of Subdivision 010901
ZONING
PLANNING OVERLAYS
Commercial 1 Zone (CIZ)
Parking Overlay — Precinct 2-3 (PO2-3)
JOHN NOCKLES DIRECTOR - AGENCY
POINT OF INTEREST:
John’s experience in commercial real estate is now pushing a decade and over that time he’s proud to see change when it comes to property in Melbourne. By adopting a lateral approach within a linear industry, John understands success within Melbourne’s commercial real estate market occurs by looking beyond what has been done, to what can be. It’s an approach that mirrors this city’s originality, commercially—and with it, creativity that extends beyond St Kilda Road.
TIM COONEY
POINT OF VIEW:
“The Melbourne commercial property market has always been about rationale in dollars and cents. But, when working with rising land values and changes in the way that occupiers use commercial property, the market now requires those that will help shape it to be more creative than ever.”
SENIOR PROPERTY EXECUTIVE - SOUTHERN REGION
POINT OF INTEREST:
After five years spent working in commercial real estate in London, Tim is home in 2021. Melbourne born and bred with more than 5 years’ experience locally, there aren’t many who are better suited to this business. Diligent. Proactive. An honest communicator. Tim knows it’s in the face-to-face where deals are won and lost for all parties. Because of this, he takes great care in building rapport and learning the long-term strategy of his clients to enable the best advice not just short-term, but for life. Meticulously detailed and across all of the numbers, you’ll be glad you have Tim’s on hand – plus his support across all points of your deal.


POINT OF VIEW:
“An invisible yet integral part to our society, that’s commercial real estate for me. A key-ingredient to all business but one not noticed by the public at large; astute investors and shrewd business owners alike would do well to utilise commercial property that works in line with their business plan and not against it.”
FLOOR PLAN
FLOOR PLAN



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ZONING & PLANNING OVERLAYS
34.01 31/07/2018
VC148
COMMERCIAL 1 ZONE
Shown on the planning scheme map as B1Z , B2Z , B5Z or C1Z
Purpose
To implement the Municipal Planning Strategy and the Planning Policy Framework.
To create vibrant mixed use commercial centres for retail, office, business, entertainment and community uses.
To provide for residential uses at densities complementary to the role and scale of the commercial centre.
Operation
A schedule may apply under this zone to a planning scheme outside of metropolitan Melbourne. That schedule may: specify the maximum leasable floor area for office ■ specify the maximum leasable floor area for shop (other than restricted retail premises). ■
34.01-1
14/11/2022
VC227
Table of uses
Section 1 - Permit not required
Use Condition
Accommodation (other than Community care accommodation, Corrective institution and Rooming house)
Any frontage at ground floor level must not exceed 2 metres (other than a bed and breakfast and caretaker's house).
Art and craft centre
Automated collection point
Must meet the requirements of Clause 52.13-3 and 52.13-5.
The gross floor area of all buildings must not exceed 50 square metres.
Child care centre
Cinema
Cinema based entertainment facility
Community care accommodation
Any frontage at ground floor level must not exceed 2 metres and access must not be shared with a dwelling (other than a caretaker's house).
Education centre (other than Child care centre)
Exhibition centre
Home based business
Any frontage at ground floor level must not exceed 2 metres.
Must meet the requirements of Clause 52.22-2.
Use Condition
Informal outdoor recreation
Office
Place of worship
Railway
Retail premises (other than Shop)
Rooming house
Shop (other than Adult sex product shop)
The leasable floor area for all offices must not exceed any amount specified in the schedule to this zone.
The gross floor area of all buildings must not exceed 250 square metres.
Any frontage at ground floor level must not exceed 2 metres.
Must meet the requirements of Clause 52.23-2.
The leasable floor area for all shops must not exceed any amount specified in the schedule to this zone.
Tramway
Any use listed in Clause 62.01
Section 2 - Permit required
Must meet the requirements of Clause 62.01.
Use Condition
Adult sex product shop
Must be at least 200 metres (measured by the shortest route reasonably accessible on foot) from a residential zone or, land used for a hospital, primary school or secondary school or land in a Public Acquisition Overlay to be acquired for a hospital, primary school or secondary school.
Agriculture (other than Animal production and Apiculture)
Grazing animal production
Industry (other than Automated collection point)
Leisure and recreation facility (other than Informal outdoor recreation, Major sports and recreation facility and Motor racing track)
Must not be a purpose listed in the table to Clause 53.10.
34.01-2
15/07/2013
VC100
Use Condition
Place of assembly (other than Carnival, Cinema, Cinema based entertainment facility, Circus, Exhibition centre and Place of worship)
Utility installation (other than Minor utility installation and Telecommunications facility)
Warehouse
Any other use not in Section 1 or 3
Section 3 - Prohibited
Use
Must not be a purpose listed in the table to Clause 53.10.
Must not be a purpose listed in the table to Clause 53.10.
Animal production (other than Grazing animal production)
Corrective institution
Major sports and recreation facility
Motor racing track
Use of land
A use must not detrimentally affect the amenity of the neighbourhood, including through the:
■ Appearance of any building, works or materials.
■
34.01-3
31/07/2018
VC148
Transport of materials, goods or commodities to or from the land.
■ Emission of noise, artificial light, vibration, smell, fumes, smoke, vapour, steam, soot, ash, dust, waste water, waste products, grit or oil.
Subdivision
A permit is required to subdivide land.
VicSmart applications
Subject to Clause 71.06, an application under this clause for a development specified in Column 1 is a class of VicSmart application and must be assessed against the provision specified in Column 2.
Class of application
Subdivide land to realign the common boundary between 2 lots where:
■
The area of either lot is reduced by less than 15 percent.
Information requirements and decision guidelines
Clause 59.01
34.01-4
31/07/2018
VC148
Class of application
■
The general direction of the common boundary does not change.
Subdivide land into lots each containing an existing building or car parking space where:
■
Information requirements and decision guidelines
Clause 59.02
■
The buildings or car parking spaces have been constructed in accordance with the provisions of this scheme or a permit issued under this scheme.
■ An occupancy permit or a certificate of final inspection has been issued under the Building Regulations in relation to the buildings within 5 years prior to the application for a permit for subdivision.
Subdivide land into 2 lots if:
Clause 59.02
■
The construction of a building or the construction or carrying out of works on the land:
■ Has started lawfully.
■ The subdivision does not create a vacant lot.
Has been approved under this scheme or by a permit issued under this scheme and the permit has not expired.
Buildings and works
A permit is required to construct a building or construct or carry out works. This does not apply to:
The installation of an automatic teller machine.
■ An alteration to an existing building façade provided: The alteration does not include the installation of an external roller shutter.
■
■ An awning that projects over a road if it is authorised by the relevant public land manager.
■ At least 80 per cent of the building facade at ground floor level is maintained as an entry or window with clear glazing.
■ An apartment development must meet the requirements of Clause 58.
VicSmart applications
Subject to Clause 71.06, an application under this clause for a development specified in Column 1 is a class of VicSmart application and must be assessed against the provision specified in Column 2.
Class of application
Construct a building or construct or carry out works with an estimated cost of up to $500,000 where the land is not:
Information requirements and decision guidelines
Clause 59.04
34.01-5
16/01/2018 VC142
Class of application
■
■ Used for a purpose listed in the table to Clause 53.10.
Within 30 metres of land (not a road) which is in a residential zone.
■ Used for a Brothel or Adult sex product shop.
Transitional provisions
Clause 58 does not apply to:
■
Information requirements and decision guidelines
34.01-6
01/07/2021 VC203
An application for a planning permit lodged before the approval date of Amendment VC136. ■
An application for an amendment of a permit under section 72 of the Act, if the original permit application was lodged before the approval date of Amendment VC136.
Maintenance
All buildings and works must be maintained in good order and appearance to the satisfaction of the responsible authority.
Neighbourhood and site description and design response
An application for any of the following must be accompanied by a neighbourhood and site description and a design response as described in Clause 54.01 or 55.01, as appropriate:
■ Construction of a dwelling if there is at least one dwelling existing on the lot.
Construction or extension of one dwelling on a lot of less than 300 square metres.
■ Construction of two or more dwellings on a lot.
■ Extension of a dwelling if there are two or more dwellings on the lot.
■ Construction or extension of a dwelling on common property.
■ Construction or extension of a residential building.
■ Clause 34.01-5 does not apply to an apartment development.
Satisfactory neighbourhood and site description before notice and decision
If the responsible authority decides that the neighbourhood and site description is not satisfactory, it may require more information from the applicant under Section 54 of the Act.
The responsible authority must not require notice of an application to be given or decide an application until it is satisfied that the neighbourhood and site description meets the requirements of Clause 54.01 or 55.01 and is satisfactory.
This does not apply if the responsible authority refuses an application under Section 52(1A) of the Act.
Application requirements
Use
An application to use land must be accompanied by the following information, as appropriate:
34.01-7
31/07/2018
VC148
■
The purpose of the use and the types of activities which will be carried out.
■
■ The means of maintaining land not required for immediate use.
The likely effects, if any, on adjoining land, including noise levels, traffic, the hours of delivery and despatch of goods and materials, hours of operation and light spill, solar access and glare.
■ If an industry or warehouse:
■
34.01-8
20/12/2021
VC174
■ Whether a Development Licence, Operating Licence, Permit or Registration is required from the Environment Protection Authority.
The type and quantity of goods to be stored, processed or produced.
■ Whether a notification under the Occupational Health and Safety Regulations 2017 is required, a licence under the Dangerous Goods Act 1985 is required, or a fire protection quantity under the Dangerous Goods (Storage and Handling) Regulations 2012 is exceeded.
■ The likely effects on adjoining land, including air-borne emissions and emissions to land and water.
Buildings and works
An application to construct a building or construct or carry out works must be accompanied by the following information, as appropriate:
■
A plan drawn to scale which shows:
■ Adjoining roads.
The boundaries and dimensions of the site.
■ The location, height and purpose of buildings and works on adjoining land.
■ Relevant ground levels.
■ The layout of existing and proposed buildings and works.
■ All driveway, car parking and loading areas.
■ Proposed landscape areas.
■ All external storage and waste treatment areas.
■
■ Areas not required for immediate use.
■ Elevation drawings to scale showing the colour and materials of all buildings and works.
■ Construction details of all drainage works, driveways, vehicle parking and loading areas.
■ A landscape layout which includes the description of vegetation to be planted, the surfaces to be constructed, site works specification and method of preparing, draining, watering and maintaining the landscape area.
An application to construct or extend an apartment development, or to construct or extend a dwelling in or forming part of an apartment development, must be accompanied by an urban context report and design response as required in Clause 58.01.
Exemption from notice and review
An application to subdivide land or construct a building or construct or carry out works is exempt from the notice requirements of section 52(1)(a), (b) and (d), the decision requirements of section 64(1), (2) and (3) and the review rights of section 82(1) of the Act. This exemption does not apply to land within 30 metres of land (not a road) which is in a residential zone, land used for a hospital or an education centre or land in a Public Acquisition Overlay to be acquired for a hospital or an education centre.
Decision guidelines
Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsible authority must
consider, as appropriate:
General
The Municipal Planning Strategy and the Planning Policy Framework.
■ The interface with adjoining zones, especially the relationship with residential areas.
■ Use
■ The drainage of the land.
The effect that existing uses may have on the proposed use.
■ The availability of and connection to services.
■ The effect of traffic to be generated on roads.
■
■ The interim use of those parts of the land not required for the proposed use.
Subdivision
■
Provision for vehicles providing for supplies, waste removal and emergency services and public transport.
■ The effect the subdivision will have on the potential of the area to accommodate the uses which will maintain or enhance its competitive strengths.
Building and works
■ The provision of car parking.
The movement of pedestrians and cyclists, and vehicles providing for supplies, waste removal, emergency services and public transport.
■ The streetscape, including the conservation of buildings, the design of verandahs, access from the street front, protecting active frontages to pedestrian areas, the treatment of the fronts and backs of buildings and their appurtenances, illumination of buildings or their immediate spaces and the landscaping of land adjoining a road.
■ The storage of rubbish and materials for recycling.
■ Defining the responsibility for the maintenance of buildings, landscaping and paved areas.
■ Consideration of the overlooking and overshadowing as a result of building or works affecting adjoining land in a General Residential Zone, Neighbourhood Residential Zone, Residential Growth Zone or Township Zone.
■ The impact of overshadowing on existing rooftop solar energy systems on dwellings on adjoining lots in a General Residential Zone, Mixed Use Zone, Neighbourhood Residential Zone, Residential Growth Zone or Township Zone.
■ The availability of and connection to services.
■ The design of buildings to provide for solar access.
■ The objectives, standards and decision guidelines of Clause 54 and Clause 55. This does not apply to an apartment development.
■
■ For an apartment development, the objectives, standards and decision guidelines of Clause 58.
Transitional provisions
The objectives, standards and decision guidelines of Clause 55 of this scheme, as in force immediately before the approval date of Amendment VC136, continues to apply to:
■
An application for a planning permit lodged before that date.
■ An application for an amendment of a permit under section 72 of the Act, if the original permit application was lodged before that date.
Clauses 55 and 58 of this scheme, as in force immediately before the approval date of Amendment VC174, continue to apply to:
■
34.01-9
31/07/2018
VC148
An application for a planning permit lodged before that date.
■ An application for an amendment of a permit under section 72 of the Act, if the original permit application was lodged before that date.
Signs
Sign requirements are at Clause 52.05. This zone is in Category 1.
11/11/2021 C192glen
1.0 11/11/2021 C192glen
SCHEDULE TO CLAUSE 34.01 COMMERCIAL 1 ZONE
Maximum leasable floor area requirements
45.09
31/07/2018
VC148
PARKING OVERLAY
Shown on the planning scheme map as PO with a number.
Purpose
To implement the Municipal Planning Strategy and the Planning Policy Framework.
To facilitate an appropriate provision of car parking spaces in an area.
To identify areas and uses where local car parking rates apply.
To identify areas where financial contributions are to be made for the provision of shared car parking.
45.09-1
19/04/2013
VC95
Operation
This overlay operates in conjunction with Clause 52.06.
A schedule to this overlay may:
■
45.09-2
19/04/2013
VC95
45.09-3
25/05/2017
VC133
■
45.09-4
19/04/2013
VC95
45.09-5
25/05/2017
Vary the requirements of Clause 52.06 as allowed by this overlay.
■ Specify additional requirements to the requirements of Clause 52.06 as allowed by this overlay.
Specify requirements for the provision of a financial contribution as a way of meeting the car parking requirements of Clause 52.06 or this overlay.
Parking objectives
A schedule to this overlay must specify the parking objectives to be achieved for the area affected by the schedule.
Permit requirement
A schedule to this overlay may specify that:
■
■ A permit must not be granted to reduce (including reduce to zero) the number of car parking spaces required under Clause 52.06-5 or this overlay.
The exemption from the requirement for a permit in Clause 52.06-3 does not apply. If the exemption does not apply, a permit is required for any of the matters set out in Clause 52.06-3.
■ A permit must not be granted to provide some or all of the car parking spaces required under Clause 52.06-5 or this overlay on another site.
■ A permit must not be granted to provide more than the maximum parking provision specified in a schedule to this overlay.
■ A permit is not required under Clause 52.06-3.
Number of car parking spaces required
A schedule to this overlay may:
■
■
Vary the car parking rate and measure for any use listed in Table 1 of Clause 52.06-5.
■ Specify the car parking requirements for any use of land not listed in Table 1 of Clause 52.06-5.
Specify maximum and minimum car parking requirements for any use of land.
■ For any use listed in Table 1 of Clause 52.06-5, apply Column B in the Table to that use.
Application requirements and decision guidelines for permit applications
VC133
Before deciding on an application under Clause 52.06-3, in addition to the relevant decision guidelines in Clause 52.067, the responsible authority must consider, as appropriate:
■
45.09-6
45.09-7 25/05/2017 VC133
45.09-8 25/05/2017 VC133
45.09-9 25/05/2017 VC133
The parking objectives of the relevant schedule to this overlay.
■ Any application requirements and decision guidelines specified in a schedule to this overlay.
Financial contribution requirement
A schedule to this overlay may allow a responsible authority to collect a financial contribution in accordance with the schedule as a way of meeting the car parking requirements that apply under this overlay or Clause 52.06.
A schedule must specify:
■
The area to which the provisions allowing the collection of financial contributions applies.
■ The amount of the contribution that may be collected in lieu of each car parking space that is not provided, including any indexation of that amount.
■ When any contribution must be paid.
■ The purposes for which the responsible authority must use the funds collected under the schedule. Such purposes must be consistent with the objectives in section 4 of the Act.
Requirements for a car parking plan
A schedule to this overlay may specify additional matters that must be shown on plans prepared under Clause 52.06-8.
Design standards for car parking
A schedule to this overlay may specify:
■ Other requirements for the design and management of car parking.
Additional design standards.
■ Plans prepared in accordance with Clause 52.06-8 must meet any design standards and requirements specified in a schedule to this overlay.
Decision guidelines for car parking plans
Before deciding whether a plan prepared under Clause 52.06-8 is satisfactory, in addition to the decision guidelines in Clause 52.06-10, the responsible authority must consider, as appropriate, any other matter specified in a schedule to this overlay.