Affordable Sandy Investments
This investment opportunity ticks all the right boxes with a long-standing tenant, dual income streams and a tightly held village location.
Perfectly positioned just metres from Sandringham Station, cafes and the beach, Suites 1 & 3 at 23-25 Melrose Street offer an exceptional opportunity to secure a foothold in one of Bayside’s most desirable commercial precincts.
Both suites are leased to Tragear & Harris Lawyers, a trusted local law firm established in 1970. With a lease in place until July 2028 with further options until 2034, investors can enjoy a reliable income from a well-established professional tenant.
Suite 1 enjoys prominent street frontage, while Suite 3 is located on the opposite side of the building’s main entry, both positioned for maximum accessibility and convenience, just steps from a large council car park.
Suite 1 – Auction Wednesday 12th November at 12pm
Suite 3 – Private Sale
Key features include:
* Leased to Tragear & Harris Lawyers, in operation for over 50 years
* Lease term to July 2028, with further options until 2034
* Suite 1: 68.5sqm* – frontage Melrose Street
* Suite 3: 19.5sqm* – Opposite main entrance
* Suite 1 rental: $29,000 p.a + outgoings (except land tax)
* Suite 3 rental: $11,000 p.a + outgoings (except land tax)
* Direct access to rear council car park with 4-hour parking
* Prime Sandringham Village location, close to shops, cafes, transport and beach
* A great opportunity for SMSF buyers seeking secure, long-term income.
For further details or to arrange an inspection please contact:
Matt Nichols 0418 186 488
David McIntosh 0407 850 909
DISCLAIMER:
* All information and measurements are approximate and should not be relied upon as accurate. The stated net internal area of the premises is provided as an indicative estimate only and is not a substitute for carrying out precise measurements. Interested parties should refer to the Contract of Sale and/or Lease documentation for definitive details. All images are subject to copyright.
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