10, 328 Reserve Road, Cheltenham, VIC 3192

Industrial | Offices

For Sale

  • Property ID: 418309
  • Floor Area: 154m²
  • Occupancy: Tenanted
  • NBN Availability: Service Available - Fibre to the node (FTTN)
LONG TERM BAYSIDE INVESTMENT

POINT OF INTEREST:

A well-appointed & boutique office/warehouse located in Bayside's premier commercial estate Hallmarc Business Park.
Located just minutes from the beach, Bayside's renowned golf courses and fantastic local eateries, this property is designed with flexibility in mind. Unit 10 includes a ground floor showroom / storage space with a clearance height of 6-7 metres* accessed via a glass tilt panel door that also floods the property with natural light, plus male & female amenities and a kitchenette. The first floor air conditioned office is fitted with glass partitioning, LED strip lighting and floor to ceiling south facing windows resulting in a highly specified and modern environment for any business to flourish.

- 154 sqm* building area.
- Glass partitioned first floor offices.
- Recessed LED lighting.
- Commercial 2 zoning.
- Three car parks on-site.
- Glass tilt panel door.
- Centrally controlled ducted air-conditioning.
- Onyx Cafe On-Site.
- 1.8 km* to Nepean Highway.
- 1.5 km* to Southland railway station.

Tenancy Terms:
- 4 year lease with a 4 year option from August 2021.
- Leased to Vector Foiltec Pty Ltd (the world's market leader in ETFE cladding).
- Rental of $40,468.19 per annum plus GST & outgoings
- Non-Retail Lease.
- 6 month bond held ($20,075).
- Annual 3.5% increases.

POINT OF VIEW:

The quality of this property is matched by the quality of the tenant - making this a low-risk investment opportunity in the only asset class forecasting continued growth.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: 30 - 90 days
  • Lease Term: 4 Years + 4 Years
  • Rent Review: 3.5% Annually, Market Reviews at Options
  • Car Spaces: 3 Allocated car spaces.
  • Condition: Excellent.
  • Air Conditioning: Centrally controlled A/C system.
  • Floors: Carpet & concrete floors.
  • Lifts: No
  • Height: 6-7 metres*
  • Car Parking Fees: Nil.
Outgoings
  • Water Rates: TBC
  • Land Tax: TBC
  • Council Rates: TBC
  • Owners Corp. / Insurance: $8,489.60
  • Other Charges: TBC
Cheltenham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4920 $335 6.80%
Offices $5499 $332 6.03%
Industrial $5222 $176 3.37%
This is the average advertised price, rent and yield for Cheltenham, VIC 3192*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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