283 Bay Road,
Cheltenham, VIC 3192
Warehouse, Factory & Industrial • Showrooms & Large Format Retail • Shops & Retail
Price information
Sale
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Private inspections
to arrange a private inspection.
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
283 Bay Road
Cheltenham, VIC 3192
Map of 283 Bay Road
Train stations within 5 km of 283 Bay Road, Cheltenham, VIC 3192 Distance Highett Station 1 km Southland Station 1.4 km Cheltenham Station 2.2 km Moorabbin Station 2.3 km Sandringham Station 2.6 km POWERED BY HERE ©Tram stops within 5 km of 283 Bay Road, Cheltenham, VIC 3192 Distance 68-East Brighton/Hawthorn Rd (Brighton East) 4.8 km POWERED BY HERE ©Bus stops within 5 km of 283 Bay Road, Cheltenham, VIC 3192 Distance Avoca St/Bay Rd (Cheltenham) 150 m Brixton Rd/Bay Rd (Cheltenham) 155 m Cloyne St/Bay Rd (Cheltenham) 189 m Middleton St/Bay Rd (Cheltenham) 326 m Aberdeen Rd/Bay Rd (Sandringham) 365 m POWERED BY HERE ©
POWERED BY HERE ©
Desirable Office Warehouse Investment | Renewed Lease to Longstanding Tenant
- Warehouse Over Two Freehold Titles
- High Profile Bayside Corner
- Tenant Pays Usual Outgoings
Burgess Rawson are pleased to present to market the Monjon at 283 Bay Road, Cheltenham VIC for private sale.
+ Renewed 5 year lease to 2029 plus option to 2034
+ Monjon: one of Victoria’s leading security providers, established 1995
+ Fixed 3% annual rent increases ensuring income growth
+ Tenant pays usual outgoings including land tax
+ Well presented and maintained 1,644sqm* office and warehouse plus parking on title
+ Two freehold titles totalling 1,817sqm* with versatile Commercial 2 zoning
+ High profile Bayside corner with 18,000 vehicle passing daily*
+ High underlying land value providing future development opportunity (STCA)
+ Directly adjacent to ALDI & central to Tradelink, National Storage, Dan Murphy’s & Westfield Southland.
+ Position perfect with easy access to main arterials including Bluff Road, Beach Road, South Road and the Nepean Highway.
+ Cheltenham: South-east metropolitan suburb 18km** from Melbourne CBD with a median house price of $1,200,000.^^
+ Cheltenham: Features two train stations and is included in the Victorian Government Suburban Rail Loop Project ($216b)*** due for completion in 2035
+ City of Bayside: affluent LGA, population forecast to grow 17% to 125,879 by 2041.
+ Net Income: $275,000 pa* + GST
To be sold via Private Sale.
*Approx
**Domain.com.au
***AustralianFinancialReview
^Forecast.id
^^Realestate.com.au
+ Renewed 5 year lease to 2029 plus option to 2034
+ Monjon: one of Victoria’s leading security providers, established 1995
+ Fixed 3% annual rent increases ensuring income growth
+ Tenant pays usual outgoings including land tax
+ Well presented and maintained 1,644sqm* office and warehouse plus parking on title
+ Two freehold titles totalling 1,817sqm* with versatile Commercial 2 zoning
+ High profile Bayside corner with 18,000 vehicle passing daily*
+ High underlying land value providing future development opportunity (STCA)
+ Directly adjacent to ALDI & central to Tradelink, National Storage, Dan Murphy’s & Westfield Southland.
+ Position perfect with easy access to main arterials including Bluff Road, Beach Road, South Road and the Nepean Highway.
+ Cheltenham: South-east metropolitan suburb 18km** from Melbourne CBD with a median house price of $1,200,000.^^
+ Cheltenham: Features two train stations and is included in the Victorian Government Suburban Rail Loop Project ($216b)*** due for completion in 2035
+ City of Bayside: affluent LGA, population forecast to grow 17% to 125,879 by 2041.
+ Net Income: $275,000 pa* + GST
To be sold via Private Sale.
*Approx
**Domain.com.au
***AustralianFinancialReview
^Forecast.id
^^Realestate.com.au
Property ID: 504606876Last Updated: 14 Aug 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
DBRE PTY LTD - Moorabbin121 Chesterville Road
MOORABBIN, VIC 3189
MOORABBIN, VIC 3189