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344 Bay Road, CHELTENHAM VIC, 3192

Sold

Property Sold in 344 Bay Road, CHELTENHAM VIC, 3192

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  • Ryan Amler
Listing ID:
11387242
Status:
Sold
Price:
AUCTION ($690,000 - $740,000)
Last Updated:
20/07/2020
Icon building

Property Type

Retail/Offices
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Land Area

220 SQM
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Floor Area

220 SQM
Icon parking

Parking

N/A

Freehold Mixed Use Commercial Investment! ($690,000 - $740,000)

Ray White Commercial Victoria is excited to present to market this unique retail investment at 344 Bay Road, Cheltenham. The property will be auctioned by way of "online auction" on Friday 17th July 2020 at 11am.

Located within the south-eastern growth corridor and in one of Melbourne's most rapidly rising beachside suburbs, this is certainly a property you want to add to your investment portfolio.

The property is perfectly positioned close to everything that one would expect in an investment property and is located amongst an array of supporting and service type businesses such as food outlets, supermarket, medical centre, hair salons and more and is within direct proximity to the iconic and ever-busy Southland Shopping Centre.

Currently leased to an established remedial massage business since 2018 with little to no vacancy in the retail strip, this property provides investors with great comfort knowing that there is a reliable tenant for many years to come.

Whatever it may be that you are looking for in your next commercial property purchase; this is certainly one that you can't ignore!

The Property:

• Total building area | 220m2*
• Total land area | 220m2*
• Two level mixed use commercial building
• Comprising ground floor retail / office premises & first floor two bedroom residence
• Separate front and rear entrances for both the commercial and residential areas
• On-site parking at rear via R.O.W.
• No Owners Corporation Fees

The Tenancy:

• Leased since April 2018
• Current lease until April 2022 with a further option
• Current income $40,170 Per Annum plus GST plus Outgoings
• 3% annual increases and Market Review at option
• Two months security bond

ONLINE AUCTION | Friday 17th July 2020 at 11am

To Register to Bid: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property. Registration takes five minutes and you will be able to bid online from the safety of your own home or office. To View this auction: Please visit the Anywhere Auctions website or download the app and click on the "View Live Auction" button against this property. To find out more about the bidder registration process or bidding online through the Anywhere Auctions platform for this auction, please visit the "How to bid" section of the Anywhere Auctions website or call one of us. We have provided the direct link below for 344 Bay Road Cheltenham.

https://anywhereauctions.com.au/app/property?propertyId=1809

Ryan Amler | 0401 971 622
George Kelepouris | 0425 798 677

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

For more details, please email agent

Ray White Commercial Oakleigh

7-9 Atherton Road, Oakleigh, VIC 3166

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  • Ryan Amler

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