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254 Bay Rd 1,054 SF Retail Condo Unit in Sandringham, VIC 3191
Investment Highlights
- Positioned in a growing Bayside commercial corridor near major residential developments and public transport.
- Close to Sandringham Village, offering cafes, shops, and wellness amenities nearby
- Convenient connectivity to Nepean Highway, Beach Road, and surrounding arterials
- Located in a tightly held Bayside market, providing strong long-term value
Executive Summary
254 Bay Road, Sandringham is positioned in the heart of one of Bayside’s most established and vibrant commercial precincts. This highly connected location provides easy access to major arterials, including Nepean Highway and Beach Road, ensuring smooth connectivity to Melbourne’s broader metropolitan network. The office property benefits from close proximity to Sandringham Village, offering a range of retail amenities, dining options, and wellness services that support a dynamic business environment.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 1\PS608036 |
| No. Parking Spaces | 2 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 1\PS608036 |
Description
Securely leased to “Notis Souvlaki,” the property provides stable income with strong underlying value and long-term growth prospects. The tenancy generates $60,000 per annum plus GST and outgoings, benefits from 4% annual increases, and includes a long-term 15-year lease with 5 x 5-year extension options.
Unit 1 includes a modern, fully appointed commercial kitchen and stylish front-of-house dining, designed for high-efficiency food service and a welcoming customer experience. With flexible Commercial 1 Zoning (C1Z) and on-site parking, this property supports current tenant stability and future optionality for multiple commercial uses. Its position in a rapidly growing precinct surrounded by gyms, creative studios, and residential developments ensures strong local demand and foot traffic.
Unit 1 includes a modern, fully appointed commercial kitchen and stylish front-of-house dining, designed for high-efficiency food service and a welcoming customer experience. With flexible Commercial 1 Zoning (C1Z) and on-site parking, this property supports current tenant stability and future optionality for multiple commercial uses. Its position in a rapidly growing precinct surrounded by gyms, creative studios, and residential developments ensures strong local demand and foot traffic.
Sale Notes
This rare investment opportunity offers a fully equipped hospitality premises in the heart of Sandringham’s thriving Bayside commercial precinct. Securely leased to “Notis Souvlaki,” the property provides stable income with strong underlying value and long-term growth prospects. The tenancy generates $60,000 per annum plus GST and outgoings, benefits from 4% annual increases, and includes a long-term 15-year lease with 5 x 5-year extension options.
The asset includes a modern, fully appointed commercial kitchen and stylish front-of-house dining, designed for high-efficiency food service and a welcoming customer experience. With flexible Commercial 1 Zoning (C1Z) and on-site parking, this property supports current tenant stability and future optionality for multiple commercial uses. Its position in a rapidly growing precinct surrounded by gyms, creative studios, and residential developments ensures strong local demand and foot traffic.
Located within minutes of Sandringham Village and Southland Shopping Centre, with direct access to Nepean Highway, this hospitality investment combines income security with long-term capital appreciation in Melbourne’s blue-chip bayside market.
The asset includes a modern, fully appointed commercial kitchen and stylish front-of-house dining, designed for high-efficiency food service and a welcoming customer experience. With flexible Commercial 1 Zoning (C1Z) and on-site parking, this property supports current tenant stability and future optionality for multiple commercial uses. Its position in a rapidly growing precinct surrounded by gyms, creative studios, and residential developments ensures strong local demand and foot traffic.
Located within minutes of Sandringham Village and Southland Shopping Centre, with direct access to Nepean Highway, this hospitality investment combines income security with long-term capital appreciation in Melbourne’s blue-chip bayside market.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 1,054 SF | Retail | Upon Request | $42,086.40 |
Unit 1
| Unit Size |
| 1,054 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $42,086.40 |
1 of 6
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Unit 1
| Unit Size | 1,054 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $42,086.40 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 1\PS608036 |
| Description | |
| Securely leased to “Notis Souvlaki,” the property provides stable income with strong underlying value and long-term growth prospects. The tenancy generates $60,000 per annum plus GST and outgoings, benefits from 4% annual increases, and includes a long-term 15-year lease with 5 x 5-year extension options.<br> <br> Unit 1 includes a modern, fully appointed commercial kitchen and stylish front-of-house dining, designed for high-efficiency food service and a welcoming customer experience. With flexible Commercial 1 Zoning (C1Z) and on-site parking, this property supports current tenant stability and future optionality for multiple commercial uses. Its position in a rapidly growing precinct surrounded by gyms, creative studios, and residential developments ensures strong local demand and foot traffic.</li></ul> | |
| Sale Notes | |
| This rare investment opportunity offers a fully equipped hospitality premises in the heart of Sandringham’s thriving Bayside commercial precinct. Securely leased to “Notis Souvlaki,” the property provides stable income with strong underlying value and long-term growth prospects. The tenancy generates $60,000 per annum plus GST and outgoings, benefits from 4% annual increases, and includes a long-term 15-year lease with 5 x 5-year extension options.<br> <br> The asset includes a modern, fully appointed commercial kitchen and stylish front-of-house dining, designed for high-efficiency food service and a welcoming customer experience. With flexible Commercial 1 Zoning (C1Z) and on-site parking, this property supports current tenant stability and future optionality for multiple commercial uses. Its position in a rapidly growing precinct surrounded by gyms, creative studios, and residential developments ensures strong local demand and foot traffic.<br> <br> Located within minutes of Sandringham Village and Southland Shopping Centre, with direct access to Nepean Highway, this hospitality investment combines income security with long-term capital appreciation in Melbourne’s blue-chip bayside market.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 17,696 SF | Floors | 3 |
| Property Type | Office (Condo) | Typical Floor Size | 5,899 SF |
| Building Class | C | Lot Size | 0.28 AC |
| Total Building Size | 17,696 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 5,899 SF |
| Lot Size | 0.28 AC |
Amenities
- Signage
- Storage Space
- Natural Light
- Open-Plan
- Partitioned Offices
- Secure Storage
- Air Conditioning
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Milestone Real Estate
254 Bay Rd
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