342 Bay Road, Cheltenham VIC

For Sale




    Ray White Commercial Oakleigh is delighted to offer for sale via public auction on Friday 3rd November 2017, this outstanding retail investment located in the heart of Cheltenham.

    Leased to Casa Mia Pizza Restaurant and Bar and offering main road exposure to Bay Road, this is an excellent opportunity to add a prime retail investment to your commercial portfolio.

    Don’t miss out, inspection a must!

    Property Features Include:

    - Total Building Area | 100m2 approx
    - Leased to Casa Mia Pizza Restaurant & Bar
    - Current Rental | $44,286 per annum + GST + Outgoings
    - Term | Five (5) year term (Commenced May 2015)
    - Further Terms | Three (3) further terms of five (5) years each
    - Increases | Fixed 4% annual increases (Market review at option)
    - Zone | Commercial 1 Zone (C1Z)
    - Excellent Access to Major Arterial Roads including Nepean Highway
    - No Owners Corporation Fees

    For further information or to arrange an on-site inspection please contact one of the exclusive marketing agents from Ray White Commercial.

    George Kelepouris – 0425 798 677
    Joshua Colosimo – 0413 790 309