CIRCA 6% RETURN WITH NEW 10 YEAR LEASE
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Unit 6 / 220 Bay Road, Sandringham VIC 3191

EOI 03/07/24

OfficeSize: n/a
Block size: 2.35 Hectares approx.

Teska Carson are pleased to offer to the market, the Sandy Hill Medical Centre, for sale via an Expression of Interest campaign closing Wednesday 3 July 2024 at 3pm.

The property has the following investment highlights:
+ Income: $200,000 per annum + GST and all usual outgoings
+ Brand New 10 year net lease to the Sandy Hill Medical Centre
+ Two five year options
+ 490 square metres with 26 car parks on title 
+ Attractive 3.5% annual rent increases, ensuring future rental growth.
+ Strategically positioned within the highly successful Gardenside Development, which comprises 147 apartments with many more substantial developments either built or in planning within close proximity.


For more information or to arrange an inspection please don't hesitate to contact the listing agents. 

Inspections

No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.

Send an enquiry

Contact George Takis to learn more about this property, request an inspection or take an online tour.

Key details

Garage Spaces:
26
Property type:
Office
Block Size:
2.35 Hectares*

Other Details

Lot:
6
Plan:
PS631843
Legal description:
6\PS631843
Teska & Carson

Maps and area information

Block information
Block size: 2.35Hectares (approx)
Legal description: 6\PS631843
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Property history

We couldn't find any history for this property.
See Sandringham's suburb profile

Sandringham suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
48 years
Population
10,926
Listing ID: 182565284. This listing has been viewed 2 times. It was first displayed on 31/05/2024 and last updated on 21/06/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.