SOLD AT AUCTION: 10 Bay Road, Sandringham
December 6, 2021
When the most iconic property in a particular strip comes onto the market, the buyer interest is always going to be strong. 10 Bay Road, Sandringham is tenanted by one of the oldest businesses in Bayside – Hodges Real Estate.
The property attributes combined are extraordinary including the high-profile positioning, close to the beach, shops, public car park and station. The property sold at auction for $3,065,000 with a rental of $95,646 per annum representing a return of 3.1%.
Nichols Crowder has seen a considerable investor interest in retail, which is now becoming the most active property sector as industrial sector has limited properties coming onto the market.