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Nichols Crowder Property Solutions - Moorabbin

10 Bay Road Sandringham, VIC 3191

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10 Bay Road,
Sandringham, VIC 3191

Shops & Retail • Offices

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Iconic Sandy Investment

  • LONG-STANDING TENANT: HODGES SANDRINGHAM
  • LEASE OPTIONS UNTIL 2029
  • STUNNING OFFICE BUILDING, MODERN FITOUT
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 4...

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.

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Property ID: 503947422Last Updated: 2 Mar 2022

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Nichols Crowder Property Solutions - Moorabbin

358 South Road
MOORABBIN, VIC 3189
04181864...
Nichols Crowder Property Solutions - Moorabbin
10 Bay Road
Sandringham, VIC 3191

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