FOR SALE
$300,000

105/254 Bay Road
Sandringham VIC 3191

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 60m2
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INVESTMENT SALE 6% Return

A fantastic opportunity presents itself here for you to add to your property portfolio with a secure lease already in place.
Rent: $18,199.20 per annum + outgoings and GST
Lease terms: ONE (1) Years (starting 1st April 2019)
Further terms: 3 x
ONE (1) Years
This superb office of 60 sqm* is ideal for 3-6 people.
Open plan - great for growing business.
Heating and air-conditioning.
Abundance of natural light.
Common Kitchen and separate amenities
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Property Details for 105/254 Bay Rd, Sandringham

Building Type
Commercial
Floor Size
60m2

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About Sandringham 3191

The size of Sandringham is approximately 3.7 square kilometres. It has 17 parks covering nearly 17.5% of total area. The population of Sandringham in 2011 was 9,309 people. By 2016 the population was 10,234 showing a population growth of 9.9% in the area during that time. The predominant age group in Sandringham is 40-49 years. Households in Sandringham are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sandringham work in a professional occupation. In 2011, 74.7% of the homes in Sandringham were owner-occupied compared with 71% in 2016.

Sandringham has 6,168 properties. Over the last 5 years, Houses in Sandringham have seen a 26.22% increase in median value, while Units have seen a 12.50% increase. As at 31 August 2024:

  • The median value for Houses in Sandringham is $2,255,240 while the median value for Units is $835,752.
  • Houses have a median rent of $935 while Units have a median rent of $585.
There are currently 15 properties listed for sale, and 3 properties listed for rent in Sandringham on OnTheHouse. According to CoreLogic's data, 247 properties were sold in the past 12 months in Sandringham.

Suburb Insights for Sandringham 3191

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James Davie
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Andrew Mclaren
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DBRE - Moorabbin
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.