Desirable Office Warehouse Investment | Renewed Lease to Longstanding Tenant

Description

Burgess Rawson are pleased to present to market the Monjon at 283 Bay Road, Cheltenham VIC for private sale.

+ Renewed 5 year lease to 2029 plus option to 2034
+ Monjon: one of Victoria’s leading security providers, established 1995
+ Fixed 3% annual rent increases ensuring income growth
+ Tenant pays usual outgoings including land tax
+ Well presented and maintained 1,644sqm* office and warehouse plus parking on title
+ Two freehold titles totalling 1,817sqm* with versatile Commercial 2 zoning
+ High profile Bayside corner with 18,000 vehicle passing daily*
+ High underlying land value providing future development opportunity (STCA)
+ Directly adjacent to ALDI & central to Tradelink, National Storage, Dan Murphy’s & Westfield Southland.
+ Position perfect with easy access to main arterials including Bluff Road, Beach Road, South Road and the Nepean Highway.
+ Cheltenham: South-east metropolitan suburb 18km** from Melbourne CBD with a median house price of $1,200,000.^^
+ Cheltenham: Features two train stations and is included in the Victorian Government Suburban Rail Loop Project ($216b)*** due for completion in 2035
+ City of Bayside: affluent LGA, population forecast to grow 17% to 125,879 by 2041.
+ Net Income: $275,000 pa* + GST

To be sold via Private Sale.

*Approx
**Domain.com.au
***AustralianFinancialReview
^Forecast.id
^^Realestate.com.au

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Contact agents
Shaun Venables Partner
0411 860 865
Zomart He 何梓轩 Partner
0488 220 830
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Cheltenham, VIC

283 Bay Road

For Sale by Expression of Interest

This property is part of Portfolio 169

Price: Contact Agent

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