Iconic Sandy Investment

November 9, 2021

Auction: December 3, 2021 at 12:00noon, on site

10 Bay Road, Sandringham

A once-in-a-lifetime investment opportunity has just become available with the upcoming auction of 10 Bay Road, Sandringham on December 3 at 12:00noon.

A short distance from the beach, local shopping strip and train station, the gorgeous, 2-storey art deco building has been fully modernised internally, while maintaining its external charm. The building of about 348sqm is set on Commercial 1 zoned land of approximately 190sqm.

The property has been leased to Hodges Sandringham for many years, with the current lease and options ending in October 2029.

“The current annual rental of about $95,646 is considered under market value,” explains Julian Vautin, Sales and Leasing Executive. “This gives the new owner an opportunity to increase the rent at the next market rent review in November 2024 and enjoy income growth in the future.”

10 Bay Road, Sandringham is being offered by Nichols Crowder in conjunction with Property Assist Victoria.

Matt Nichols

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