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SOLD

34 Bay Road, Sandringham, VIC, 3191

Properties / Sold / Victoria / Sandringham

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Contact Agent

Land Area

223 m² (*approx)

Floor Area

65 m² (*approx)

Property Type

Retail

Sub-type

Cafe/Restaurant

Terms

Five (5) years (comm May 2021) + Five (5) year option

Est. Income

$31,000 p/a

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2. Property Highlights

DECEASED ESTATE - AFFORDABLE BAYSIDE INVESTMENT LEASED TO LONGSTANDING TENANT

***SOLD***

Gross Waddell ICR is delighted to offer to the market via on-site Auction this superbly positioned retail investment leased to longstanding tenant of over 30 years, offering future value-add potential (STCA) providing options for all buyer groups.

Located within in sought after Bayside suburb surrounded by a plethora of amenity including retail, recreational, Sandringham train station, bay beaches and more.

- Leased to longstanding tenant of over 30 years

- Rental: $31,000* p.a. net

- Term: Five (5) years (comm May 2021) + Five (5) year option

- Land Area: 223sqm*

- Rear on-site carparking and R.O.W. access

- Commercial 1 (C1Z) zoning

For Sale Via Public Auction on Thursday 14th March at 12pm on-site.

For further information or to organise a inspection please contact the team at Gross Waddell ICR directly.

*approx

Remember to mention you found this property on CommercialReady