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479-481 South Rd 624 SF Retail Condo Unit Offered at $264,238 in Bentleigh, VIC 3204
Executive Summary
The property at 479-481 South Road, Bentleigh VIC 3204 is a multifamily residential asset located within the Glen Eira municipality. It comprises multiple apartment units configured for residential use, with individual units typically offering two bedrooms, one or two bathrooms, and allocated parking. The building sits on an approximate land parcel of 388 sqm and is positioned along South Road, a key arterial route in Melbourne’s southeast. The property benefits from proximity to Moorabbin Railway Station and local bus routes, providing strong public transport connectivity. Surrounding land use includes a mix of residential dwellings, retail services, and community amenities. The site is within a well-established suburban area with access to schools, childcare centers, and shopping precincts.
1 Unit Available
| Unit Size | 624 SF | Condo Use | Retail |
| Price | $264,238 | Sale Type | Investment |
| Price Per SF | $423.46 | APN/Parcel ID | CM1\PS712094 |
| Unit Size | 624 SF |
| Price | $264,238 |
| Price Per SF | $423.46 |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | CM1\PS712094 |
Description
Position your business in a highly visible and easily accessible location along bustling South Road in Bentleigh. This well-presented retail space offers approximately 58 sqm of internal area, including a front showroom ideal for customer interaction, complemented by a rear office and storeroom for versatility. The property is fitted with a kitchenette and toilet facilities for added convenience, and also benefits from secure off-street parking with rear laneway access.
Surrounded by strong local amenities, retail activity, and public transport options, the property offers excellent exposure to both pedestrian and vehicle traffic. Ideal for boutique retail, studio, or professional service operators seeking an affordable and functional space in a vibrant location, this property represents an outstanding opportunity in Melbourne’s thriving Bayside corridor.
Sale Notes
An affordable, high-exposure retail investment in the heart of Bentleigh—perfect for SMSF buyers or investors focused on long-term potential. Comprising approximately 58 sqm on one title, this property includes a well-exposed shopfront, rear office/storeroom, kitchenette, and toilet, along with secure off-street parking accessed via a rear laneway.
Currently leased as an Art Gallery/Art Studio, the tenancy returns $18,147 per annum with secured further terms and market rent reviews, providing immediate income and future growth potential. Situated in a vibrant commercial strip surrounded by key amenities and supported by strong public transport links, this property offers a low-maintenance investment in a sought-after location. Whether you’re expanding your portfolio or securing a foothold in Bentleigh’s robust retail market, this is an opportunity not to be missed.
Property Facts
| Total Building Size | 15,877 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 4,295 SF |
| Property Subtype | Apartment | Lot Size | 0.10 AC |
| Building Class | C |
| Total Building Size | 15,877 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 4,295 SF |
| Lot Size | 0.10 AC |
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479-481 South Rd
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