6/252 Bay Road Sandringham VIC 3191

Cameron is excited to offer this prime commercial investment opportunity in one of the baysides most coveted commercial precincts. The property is leased to the State of Victoria trading as Parliament of Victoria with over 5 years to run of an initial 8-year lease term. This asset would be the ultimate compliment to any investment portfolio with great long term passive income and growth. The security of the covenant is the ultimate. An extensive fit-out contributes to the immaculate presentation, and the depreciation benefits are significant.. 

The property also enjoys the following features

148m of Net lettable internal office area and amenity

An oversized basement car-park and external balcony also on title

8 x 5 x 5 year Lease commencing November 2022

Gross lease returning $79,567.50 plus GST per annum

Annual Outgoings of $13,874.42 includes land tax, owners corp, council rates & water

Net income $65,693.08

Fixed annual rent reviews of 3% (on the gross amount)

Market review at the options

High profile corner location with excellent exposure and frontage to Bay Rd

Exceptional fit-out and subsequent significant depreciation benefits
Call now for additional information and to book an inspection.