22, 328 Reserve Road, Cheltenham, VIC 3192

Offices

Sold

  • Property ID: 436755
  • Floor Area: 121m²
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 25/10/2023 121m2 N/A Contact Agent
OCCUPIERS & INVESTORS, THIS IS ONE OF BAYSIDES BEST.

Available for sale via Private sale closing Thursday 19th October at 2pm.

POINT OF INTEREST:

A prime location within the Hallmarc Business Park, Unit 22 is the perfect turn-key solution for any business. Fully fitted and furnished with a ground floor reception, boardroom, open plan office, kitchen with lunch room plus toilet facilities. The first floor combines open plan office and glass partitioned offices, plenty of natural light, ducted air-conditioning and is further enhanced by 3 x allocated car spaces.

- 121 sqm* building area.
- Fully fitted office.
- Three car parks on-site.
- Centrally controlled ducted air-conditioning.
- Short term lease in place to Nepean Group Pty Ltd until August 2024
- Current income: $35,000 net pa + GST and outgoings
- 1.8 km* to Nepean Highway.
- 1.5 km* to Southland railway station.

POINT OF VIEW:

An exceptional Bayside office offering for investors and occupiers alike.

Additional Information
Features
  • Availability: August 2023
  • Lease Term: 6 years
  • Rent Review: 2% annually
  • Car Spaces: 3 spaces
  • Condition: Excellent
  • Air Conditioning: Ducted
  • Lifts: NA
Outgoings
  • Water Rates: $1,000 + GST
  • Council Rates: $1,650 + GST
  • Owners Corp. / Insurance: $3,800 + GST
Cheltenham Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $5029 $166 3.30%
Retail $5939 $333 5.60%
Offices $5576 $324 5.81%
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 Offices 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.
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Property Detail Notes:

  • 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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