283 Bay Road, Cheltenham, Vic 3192

Burgess Rawson are pleased to present to market the Monjon at 283 Bay Road, Cheltenham VIC for sale via Investment Portfolio Auction 169 on Wednesday the 26th of June located at Crown Casino, Melbourne.  

+ Renewed 5 year lease to 2029 plus option to 2034
+ Monjon: one of Victoria’s leading security providers, established 1995
+ Fixed 3% annual rent increases ensuring income growth
+ Tenant pays usual outgoings including land tax 
+ Well presented and maintained 1,644sqm* office and warehouse plus parking on title
+ Two freehold titles totalling 1,817sqm* with versatile Commercial 2 zoning
+ High profile Bayside corner with 18,000 vehicle passing daily*
+ High underlying land value providing future development opportunity (STCA)
+ Directly adjacent to ALDI & central to Tradelink, National Storage, Dan Murphy’s & Westfield Southland.
+ Position perfect with easy access to main arterials including Bluff Road, Beach Road, South Road and the Nepean Highway.
+ Cheltenham: South-east metropolitan suburb 18km** from Melbourne CBD with a median house price of $1,200,000.^^
+ Cheltenham: Features two train stations and is included in the Victorian Government Suburban Rail Loop Project ($216b)*** due for completion in 2035
+ City of Bayside: affluent LGA, population forecast to grow 17% to 125,879 by 2041.
+ Net Income: $275,000 pa* + GST

To be sold via Investment Portfolio Auction 169
10:30am (AEST) Wednesday, 26th June,
Conference Hall, Crown Casino, Melbourne VIC

*Approx
**Domain.com.au
***AustralianFinancialReview
^Forecast.id
^^Realestate.com.au