Brilliant New Bayside Investment Leased To National Tenant
An exceptional premium grade investment located within one of Melbourne’s highly sought-after Bayside suburbs, moments from Westfield Southland Shopping Centre.
Fitzroys and Gorman Commercial are pleased to offer 337 Bay Road, Cheltenham for sale by way of Expressions of Interest closing Tuesday 16th October at 3pm. Key investment highlights include:
- Tenant: Cosh Outdoor Living
- Rental: $324,300 per annum + GST + outgoings
- Brand new 7 + 7 year lease
- Expansive ground floor building of 1,092 sqm approx.
- Includes 17 car parks on title
- Exceptional main road exposure with frontage of 55 metres approx.
- Moments away from Westfield Shopping Centre and the brand new Southland Train Station
- National tenant with showrooms Australia wide
- Depreciation benefits available
Cheltenham is a highly regarded Melbourne suburb approximately 19 kilometres from the Melbourne Central Business District (CBD). Positioned in Melbourne’s prestigious Bayside area, the location is in a cluster of some of Melbourne’s most sought after residential suburbs including Mentone, Beaumaris, Hampton, Black Rock and Sandringham.
Bay Road is a busy arterial road between Nepean Highway and Beach Road and accommodates a number of uses including retail, commercial, lifestyle, recreational and residential.