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
* 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.