347 Bay Road, Cheltenham, Vic 3192

Whether you're an owner occupier or an investor, 347 Bay Road presents a prominent main road, three level office, offering strong returns and is available at well below replacement cost.

The 1,165sqm* building provides an impressive nearly 45m* of street frontage and great sight lines, with 44 car spaces included on the title.

The current tenancies provide a total passing income of nearly $300,000 per annum, but are conveniently positioned to allow restructuring and part owner occupation. The property will be selling at investment returns of approximately 8% at the current rentals.

The immediate area has become the suburban sporting capital, creating valuable opportunities for a multitude of uses (STCA). With high profile exposure and a versatile design, this building presents as a rare and strategic commercial purchase.

Future growth potential is highlighted by the new SRL Station at Cheltenham, coupled with nearby high density development.

Key features include:

* Total building area: 1,165sqm*
* Bay Road street frontage: 45m*
* Prominent main road profile
* High investment return
* Total passing income of nearly $300,000 per annum
* 44 car spaces
* Lettable outdoor areas

For further details or to arrange an inspection please contact:

Matt Nichols 0418 186 488
James Glen 0401 493 277

DISCLAIMER:

* All information and measurements are approximate and should not be relied upon as accurate. The stated net internal area of the premises is provided as an indicative estimate only and is not a substitute for carrying out precise measurements. Interested parties should refer to the Contract of Sale and/or Lease documentation for definitive details. All images are subject to copyright.  

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