27, 328 Reserve Road, Cheltenham, VIC 3192

Sold

NOW LEASED AND AVAILABLE TO PURCHASE AS AN INVESTMENT.

POINT OF INTEREST:

This is a boutique office with a coveted Bayside postcode designed for those who have outgrown sharing a lobby with their building neighbours. On offer is a self-contained double-storey build measuring 121 sqm*, and unlike reducing your signage to an elevator slip, you have your own front door with your branding clearly displayed next to the entrance and in front of your 3 car parks. Inside, the ground floor is open plan and open to showroom ambitions or storage. Upstairs is a combination of partitioned modern offices and larger rooms, catering for e-commerce start-ups or flexible enough for physio-style setups. Proudly a 3192 address, this business park sits squarely inside the four points of Highett, Sandringham, Black Rock, and Cheltenham. This grants you, or your tenants, easy access to Westfield Southland (and its railway station), as well as premium residential neighbourhoods and the amenities, restaurants, and golf clubs that service them.

- 121 sqm* total building area.
- Commercial 2 zoning.
- 3 on-site car spaces.
- Fully heated and air conditioned.
- Onyx café on-site.
- Less than 2 kms* to Westfield Southland and the railway station.

Lease Terms:
- Securely leased to The Bath Boutique returning a rent of $32,000 p.a. on a 2+2+2 year lease.
- 4% Annual increases.
- Three month bond held.

POINT OF VIEW:

Recently leased to a fantastic tenant, the opportunity now presents to purchase a sound investment with all the perks that Bayside has to offer.

*Approx.
Pricing excludes GST

• Lease Term: 2 + 2 + 2 Years
• Rent Review: 4% Annual Increases, Market Reviews at Options
• Car Spaces: 3 Allocated car spaces.
• Condition: Excellent.
• Air Conditioning: Zoned A/C system.
• Floors: Carpeted throughout.
• Car Parking Fees: Nil.

• Water Rates: $1,000 p.a.*
• Land Tax: Nil.
• Council Rates: $1,450 p.a.*
• Owners Corp. / Insurance: $2,000 p.a.*
• Other Charges: A/C servicing TBC.