LONG TERM BAYSIDE INVESTMENT
10, 328 Reserve Road, Cheltenham, VIC 3192
POINT OF INTEREST:
A well-appointed & boutique office/warehouse located in Bayside's premier commercial estate Hallmarc Business Park.
Located just minutes from the beach, Bayside's renowned golf courses and fantastic local eateries, this property is designed with flexibility in mind. Unit 10 includes a ground floor showroom / storage space with a clearance height of 6-7 metres* accessed via a glass tilt panel door that also floods the property with natural light, plus male & female amenities and a kitchenette. The first floor air conditioned office is fitted with glass partitioning, LED strip lighting and floor to ceiling south facing windows resulting in a highly specified and modern environment for any business to flourish.
- 154 sqm* building area.
- Glass partitioned first floor offices.
- Recessed LED lighting.
- Commercial 2 zoning.
- Three car parks on-site.
- Glass tilt panel door.
- Centrally controlled ducted air-conditioning.
- Onyx Cafe On-Site.
- 1.8 km* to Nepean Highway.
- 1.5 km* to Southland railway station.
Tenancy Terms:
- 4 year lease with a 4 year option from August 2021.
- Leased to Vector Foiltec Pty Ltd (the world's market leader in ETFE cladding).
- Rental of $39,099.71 per annum plus GST & outgoings
- Non-Retail Lease.
- 6 month bond held ($20,075).
- Annual 3.5% increases.
POINT OF VIEW:
The quality of this property is matched by the quality of the tenant - making this a low-risk investment opportunity in the only asset class forecasting continued growth.
*Approx.
Pricing excludes GST