February 29, 2016

44 / 296 Bay Road, Cheltenham: What can you buy for $175,000?

Wednesday 16 March commencing 11am at the offices of Nichols Crowder

Suite 44/ 296 Bay Road, Cheltenham

Nichols Crowder is offering an office investment property for purchase via Auction to be held at their offices.

Anticipating around a 6% return per annum, this affordably priced commercial property is bound to suit first time investors.

Suite 44 is positioned on the top floor of 296 Bay Road Cheltenham.  The office area is 32m2 and features are large balcony and 2 car spaces. It is leased to USELL real estate on a rental of $9,652 per annum plus GST.  USELL has occupied the building for approximately 4 years and has 16 months remaining on its lease.

Constructed by Leighton Properties in 2008, 296 Bay Road is a modern four level building offering impressive features including:  Corporate foyer, kitchenettes and bathrooms on each level, ample parking and great views.

According to Nichols Crowder selling agent, James Glen, “It is simple – what sort of property can you buy for $175,000?  This has a long standing tenant who pays all outgoings and a solid rental return.  It’s an ideal first investment or a great addition to your portfolio.”

Sales Executive
James Glen
0401 493 277