17/328 Reserve Road,
Cheltenham, VIC 3192

POINT OF INTEREST: 

Acute (and local) investors will instantly recognise that this asset is located on Bayside's "better side" of the Nepean Highway, but that isn’t just where the value lies. The leasing terms are a leading selling point on their own, with a four-year agreement in place beginning from January 2023, and a three-year option to follow. You’ll receive $33,000 per annum in rental income for a boutique office that comes in at 102 sqm*, 3 car spaces allocated, and centrally controlled air conditioning. The Onyx cafe on-site services the impressive commercial hub number 17 presides in, but this spot is also surrounded by Cheltenham’s best. Southland is a kilometre away, the associated railway station too, while Beach Road is only 2.2 km* from here. Bay Road is just around the corner and has eateries like The Food Yard and Bad Shepherd Brewing Co, with big-name retailers like Dan Murphy’s and Bridgestone getting in on the action.

- 102 sqm* building area.
- Commercial 2 zoning.
- 3 car spaces on title.
- 1 km* to Southland and the railway station.
- 1 km* from the Nepean Highway.

Tenancy Details:
- Leased to AN1 Media Pty Ltd
- 4 year lease from January 2023, with a 3 year option.
- $33,000 per annum leasing income.
- Annual 4% increases, market review at option.
- Tenant pays all outgoings (Non-Retail Lease).

POINT OF VIEW: 

We’ve brought a strong tenant agreement, boutique asset, and Bayside’s premier location to the table. Bring us your portfolio and the table is set for nothing but success.

*Approx.
Pricing excludes GST