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93 Wells Road 1,108 SF Condo Units Offered at $446,679 - $489,906 Per Unit in Chelsea Heights, VIC 3196
Investment Highlights
- Located within a modern commercial complex on Wells Road in Chelsea Heights.
- Offers secure 24/7 access and on-site parking with controlled intersection entry.
- Surrounded by medical practices, retail businesses, fitness centers, and dining options.
- Provides shared amenities including a boardroom, kitchenette, and bathroom facilities.
- Positioned near major arterials such as the Dingley Bypass, Eastlink, and Mornington Peninsula Freeway.
Executive Summary
The property is a strata-titled office suite located within a multi-unit commercial complex on Wells Road in Chelsea Heights, Victoria. It is situated near major road networks including the Dingley Bypass, Eastlink, and the Mornington Peninsula Freeway. The complex provides shared facilities such as a boardroom, kitchenette, and bathrooms, along with secure access and on-site parking. The surrounding area includes medical practices, retail outlets, fitness facilities, and food establishments. Public transport is available via a nearby bus stop, and the property is accessible through a controlled intersection.
2 Units Available
Unit 36
| Unit Size | 1,108 SF | Sale Type | Investment |
| Price | $446,679 | Cap Rate | 7.69% |
| Price Per SF | $403.14 | NOI | $34,349.62 |
| Condo Use | Office | APN/Parcel ID | 23\PS514288 |
| Unit Size | 1,108 SF |
| Price | $446,679 |
| Price Per SF | $403.14 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 7.69% |
| NOI | $34,349.62 |
| APN/Parcel ID | 23\PS514288 |
Description
Suite 36 is a premium strata-titled office located within the Benchmark Corporate Centre, a well-established commercial hub in Chelsea Heights. The property occupies a first-floor position and offers a total area of 103 sqm, designed with a flexible layout to accommodate multiple professional uses. The suite is divided into three tenancies, each with private offices and access to shared amenities, including a foyer/waiting area and a conference room.
The building provides secure 24/7 access, modern amenities, and lift service, ensuring convenience for both tenants and visitors. Additional features include heating and cooling systems, ample on-site parking, and proximity to a diverse mix of businesses such as medical practices, fitness centers, and retail outlets. Its location just off the Mornington Peninsula Freeway, with easy connectivity to Eastlink, Nepean Highway, and Frankston CBD, enhances accessibility and long-term value for owners and occupiers.
Sale Notes
Elevate Real Estate presents an exceptional opportunity to acquire a fully leased, high-yielding strata office investment in the thriving Chelsea Heights commercial precinct. Suite 36 at 93 Wells Road is 100% occupied, delivering a secure gross return of 7.69% with a total annual rental income of $47,707.60 plus GST. The property is anchored by long-standing tenants across three suites, including Integrated Psychology Centre, Mortgage At Ease, and Innovative Physiotherapy Services Pty Ltd (Nabenet), providing income stability and minimal vacancy risk.
The tenancy profile includes long-term leases with renewal options, ensuring continuity and strong cash flow. Positioned within the Benchmark Corporate Centre, the property benefits from a vibrant business environment supported by medical groups, national retailers, and lifestyle amenities. Its strategic location near major arterials such as the Mornington Peninsula Freeway and Eastlink offers excellent connectivity to Melbourne’s southeast and the Mornington Peninsula region.
This investment combines strong rental performance, quality tenants, and a sought-after location, making it an attractive proposition for investors seeking a secure, income-generating asset with long-term upside.
+1 More
Office space
Office space
Office space
Office space
Conference room
Kitchen
Unit 43
| Unit Size | 1,108 SF | Condo Use | Office/Medical |
| Price | $489,906 | Sale Type | Investment or Owner User |
| Price Per SF | $442.15 | APN/Parcel ID | 23\PS514288 |
| Unit Size | 1,108 SF |
| Price | $489,906 |
| Price Per SF | $442.15 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 23\PS514288 |
Description
This space is part of a modern commercial complex located on Wells Road in Chelsea Heights. The development comprises multiple strata-titled office suites designed for professional and medical use. The complex offers shared amenities including a boardroom, kitchenette, and bathroom facilities, as well as secure 24/7 access. Ample on-site parking is available, and the property benefits from controlled intersection access for ease of entry and exit. The surrounding precinct includes a mix of medical practices, fitness facilities, retail outlets, and dining options, creating a well-serviced business environment.
Sale Notes
Suite 43 at 93 Wells Road presents an outstanding opportunity for owner-occupiers or investors seeking a well-connected office in a high-exposure location. This 103 sqm* modern office suite offers a versatile open-plan layout complemented by two private offices, making it suitable for medical practitioners, consultants, and professional service providers.
The property is strategically positioned along Wells Road, providing excellent visibility and immediate access to major arterials including the Dingley Bypass, Eastlink, and the Mornington Peninsula Freeway. The complex offers secure 24/7 access, shared amenities such as a boardroom and kitchenette, and abundant on-site parking. Businesses within the precinct include established medical groups, a pharmacy, fitness centers, and cafes, ensuring strong synergy and convenience for staff and clients.
This is an ideal opportunity to secure a strata-titled office in a thriving commercial hub with strong connectivity and a growing local business community.
+2 More
Common area lobby
Private reception area
Open plan office area
Muti-purpose office area
Private offices
Boardroom
Kitchen
Property Facts
| Total Building Size | 33,885 SF | Floors | 2 |
| Property Type | Office | Typical Floor Size | 19,924 SF |
| Property Subtype | Medical | Lot Size | 6.57 AC |
| Building Class | C |
| Total Building Size | 33,885 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 19,924 SF |
| Lot Size | 6.57 AC |
Amenities
- 24 Hour Access
- Reception
- Air Conditioning
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93 Wells Road
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