6/252 Bay Road, Sandringham, Vic 3191

Cameron is excited to offer this prime commercial investment opportunity in one of the baysides most coveted commercial precincts. The property is leased to the State of Victoria trading as Parliament of Victoria with over 5 years to run of an initial 8-year lease term. This asset would be the ultimate compliment to any investment portfolio with great long term passive income and growth. The security of the covenant is the ultimate. An extensive fit-out contributes to the immaculate presentation, and the depreciation benefits are significant.. 

The property also enjoys the following features

 * 148m2 of Net lettable internal office area and amenity
 * An oversized basement car-park and external balcony also on title
 * 8 x 5 x 5 year Lease commencing November 2022
 * Gross lease returning $79,567.50 plus GST per annum
 * Annual Outgoings of $13,874.42 includes land tax, owners corp, council rates & water
 * Net income $65,693.08
 * Fixed annual rent reviews of 3% (on the gross amount)
 * Market review at the options
 * High profile corner location with excellent exposure and frontage to Bay Rd
 * Exceptional fit-out and subsequent significant depreciation benefits
   
   

For sale via Expression of Interest, closing Thursday 12th June 2025 at 4.00pm (unless sold prior).

Call now for additional information and to book an inspection.