294 Bay Road,
Cheltenham, VIC 3192
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Map of 294 Bay Road
Stunning Office Investment with Substantial Development Upside
- Long Lease to publicly listed company
- Strategic Investment opportunity
- Enormous future potential
– Modern office building (constructed in 2008), NLA of 4,921m2* plus 357 car spaces
– Strong covenant leased to publicly listed tenant to July 2021
– Net Income: $2,300,000 pa* with 4% annual increases
– Total Land Area: 14,605m2* (four titles)
– Scope for further office development - permit previously approved
– Close proximity to Westfield Southland and new Southland train station (under construction)
– Zoned: Commercial 2
– 2 Star NABERS energy rating
The property is located in the heart of Cheltenham’s commercial precinct. Cheltenham is a highly regard Melbourne bayside suburb situated approximately 19kms South-East of the CBD. The asset enjoys excellent amenity in the immediate proximity including the Southland Regional Shopping Centre and pending train station (Southland Train Station due for completion in mid-2017) other nearby railway stations include Cheltenham and Highett stations . Access is further bolstered by convenient access to major arterial roads including Nepean Highway and Beach Road.
This property is being offered for Private Sale
– Strong covenant leased to publicly listed tenant to July 2021
– Net Income: $2,300,000 pa* with 4% annual increases
– Total Land Area: 14,605m2* (four titles)
– Scope for further office development - permit previously approved
– Close proximity to Westfield Southland and new Southland train station (under construction)
– Zoned: Commercial 2
– 2 Star NABERS energy rating
The property is located in the heart of Cheltenham’s commercial precinct. Cheltenham is a highly regard Melbourne bayside suburb situated approximately 19kms South-East of the CBD. The asset enjoys excellent amenity in the immediate proximity including the Southland Regional Shopping Centre and pending train station (Southland Train Station due for completion in mid-2017) other nearby railway stations include Cheltenham and Highett stations . Access is further bolstered by convenient access to major arterial roads including Nepean Highway and Beach Road.
This property is being offered for Private Sale
Property ID: 502174090Last Updated: 20 Oct 2017
294 Bay Road
Cheltenham, VIC 3192
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