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Unit 6 / 220 Bay Road
Sandringham VIC 3191
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Teska & Carson

Unit 6 / 220 Bay Road Sandringham VIC 3191

  • Medical / Consulting
  • 490 m²
  • For Sale, Contact Agent

CIRCA 6% RETURN WITH NEW 10 YEAR LEASE

  • Brand New 10 Year Lease + Options
  • Permit for 10 Doctors
  • Attractive 3.5% annual rent increases

Teska Carson are pleased to offer to the market, the Sandy Hill Medical Centre for Private Sale.
The property has the following investment highlights:
+ Income: $200,000 per annum + GST and all usual outgoings
+ Brand New 10 year net lease to the Sandy Hill Medical Centre
+ Two five year options
+ 490 square metres with 26 car parks on title 
+ Attractive 3.5% annual rent increases, ensuring future rental growth.
+ Strategically positioned within the highly successful Gardenside Development, which comprises 147 apartments with many more substantial developments either built or in planning within close proximity.
For more information or to arrange an inspection please don't hesitate to contact the listing agents. 

Property Highlights

Floor Area490 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Property ID2019279157
Category
Last updated  10 Jul 2024
Map for Unit 6 / 220 Bay Road Sandringham VIC 3191

Property Highlights

Floor Area490 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Property ID2019279157
Category
Last updated  10 Jul 2024

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