10 Bay Road, Sandringham

Auction

Friday, 3rd December at 12pm

Iconic Sandy Investment

Nichols Crowder in conjunction with Property Assist Victoria are thrilled to offer to the market this once in a lifetime investment opportunity.

This iconic and visually impressive building is perhaps the most recognisable property in Sandringham, and it is occupied under lease to one of the best performing sales teams in Victoria; Hodges Sandringham.

10 Bay Road occupies one of the most sought after retail positions of Sandringham, being the first building you see when turning in from Beach Road and being right amongst the shopping village.

Key features include:

* Long established tenancy to Hodges Sandringham
* Lease terms and options through to 31 October 2029
* Hodges Sandringham is one of the best performing sales teams in Victoria
* Current rental of $95,646 p.a. (net)
* Current rent considered well below market
* Next market rent review – November 2024
* Two level building: 348sqm* (approx.)
* Stunning internal fit out
* Land area: 190sqm* (approx.)
* Commercial 1 zoning
* Every retail amenity available close by including popular cafe’s, restaurants and Coles supermarket
* Sandringham train station and bus services right nearby

For further details or to arrange an inspection please contact:

Julian Vautin 0420 406 660
Matt Nichols 0418 186 488

PLEASE NOTE:

* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

Put your property with the Leaders of the South East

We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.

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