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10 Bay Road
Sandringham VIC 3191
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Sold on 3 Dec 2021

10 Bay Road Sandringham VIC 3191

  • Shop & Retail
  • 348 m²
  • Sold

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.

    AUCTION

    Auction date and time03/12/2021 12:00
    Auction location10 Bay Road, Sandringham VIC

    Property Highlights

    Date Sold3 Dec 2021
    Floor Area348 m²
    Land Area190 m²
    ParkingAsk Agent
    Property ID2017387733
    Category
    Last updated  3 Dec 2021
    Map for 10 Bay Road Sandringham VIC 3191

    Property Highlights

    Date Sold3 Dec 2021
    Floor Area348 m²
    Land Area190 m²
    ParkingAsk Agent
    Property ID2017387733
    Category
    Last updated  3 Dec 2021
    358 South Rd Moorabbin VIC 3189

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