20/337 Bay Road, Cheltenham, VIC, 3192

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 24TH MARCH AT 3PM

You can't go wrong in buying a strong commercial investment in Melbourne's Bayside. Forecasted strong population growth and a large locally based workforce supports continued capital and rental growth for this popular business location.

This modern office warehouse unit located in The Assembly Business Park comes with an enviable tenant and attractive tax depreciation benefits to you the buyer.

Key features include:

* Leased to: Bandco Packaging & Tucker Browne for 2 + 2 years

* Current rental of $32,420 per annum + Outgoings (market review 1 July 2021)

* Total building area: 235sqm*

* Open plan office area with air conditioning/heating

* High internal warehouse clearance (7 metres)

* Two (2) car spaces on title

* Wonderful tax depreciation benefits available

* Further rental growth expected

* 40.5% of Bayside population live and work in Bayside

* Brilliant Bayside amenity nearby including cafes, the brewery, childcare centres and gyms

* Massive ongoing infrastructure investment in Cheltenham - suburban rail loop project & removal of level crossings

For further details or to arrange an inspection please contact:

James Glen 0401 493 277

Julian Vautin 0420 406 660

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.

Remember to mention you found this property on CommercialReady.com.au