Bayside's Finest Commercial Investment - Secure Lease, Fixed Growth, Trophy Asset.

Sale Details

Sold on 10 Sep 2026 for $1,015,000

Description

POINT OF INTEREST:

Positioned within Bayside's most prestigious new commercial precinct, Suite 201 at Cheltenham Quarter presents an exceptional opportunity for investors seeking a premium asset underpinned by a secure lease to an established tenant. Designed by award-winning architects Watson Young, with interiors by Cera Stribley Architects, this second-level corner suite combines architectural excellence with immediate income security.

Leased to Community Solutions Group Ltd from June 2025, the property benefits from a 3 year lease term plus two further options of 3 years, providing long-term occupancy potential. The tenant is further supported by a 6-month bank guarantee ($35,750), while annual fixed 4% rental increases deliver built-in income growth. Additionally, the tenant pays 100% of retail outgoings, enhancing the investment's net return profile. The 143 sqm* suite features a premium fit-out including a boardroom, meeting room, reception area, kitchenette and open-plan workspace, complemented by a private north-facing terrace and prominent exposure to bustling Bay Road

Lease Summary:
- Fully leased investment to Community Solutions Group Ltd.
- Rental return of $67,600 per annum.
- 3 year lease from June 2025 plus two further terms of three (3) years.
- Annual fixed 4% rental increases.
- Tenant pays 100% of retail outgoings.
- $35,750 bank guarantee (equivalent to 6 months' rent).

Property Features:
- 143 sqm* total building area.
- 14 sqm* additional north-facing private terrace.
- Premium second-level corner suite with existing fit out.
- Full depreciation benefits, including fit out.
- Prominent Bay Road exposure and signage opportunities.
- 4 allocated on-site car spaces.
- Located within award-nominated Cheltenham Quarter development.

POINT OF VIEW:

Opportunities to acquire a fully leased asset within Bayside's premier commercial development are exceptionally rare. With a quality tenant covenant, fixed annual rental growth, full outgoings recovery and long-term lease security already in place, Suite 201 offers investors a compelling combination of immediate income and future capital growth within one of Melbourne's most sought-after commercial precincts.

*Approx.
Pricing excludes GST