FOR SALE
Sale Price Unavailable

6/231 Bay Road
Sandringham VIC 3191

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 48m2
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AFFORDABLE INVESTMENT OPPORTUNITY!

Be inspired by Bayside’s best value investment opportunity on the edge of the vibrant Advantage Rd creative precinct. This corner space of 48sqm * plus 7.5sqm* rear balcony with excellent exposure to Bay Road and is securely leased with a Tenant in place.
- Rare Sandringham-addressed commercial opportunity
- 1st-floor in an innovative multi-level studio office development
- Walls of windows and balconies front and rear
- Open-plan with excellent northern exposure
- Security entry, one carspace at the door
- Open floorspace to partition and configure to individual needs
- On the edge of the Advantage Rd creative precinct
- Fast-developing residential border of Highett
- Within equally easy reach of Southland and Sandringham’s beachside village
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Property Details for 6/231 Bay Rd, Sandringham

Building Type
Commercial
Floor Size
48m2

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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 6,139 properties. Over the last 5 years, Houses in Sandringham have seen a 18.52% increase in median value, while Units have seen a 9.52% increase. As at 30 September 2024:

  • The median value for Houses in Sandringham is $2,229,806 while the median value for Units is $821,123.
  • Houses have a median rent of $935 while Units have a median rent of $598.
There are currently 16 properties listed for sale, and 4 properties listed for rent in Sandringham on OnTheHouse. According to CoreLogic's data, 249 properties were sold in the past 12 months in Sandringham.

Suburb Insights for Sandringham 3191

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Andrew Mclaren
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Kirsty Venning
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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.