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296 Bay Rd 861 SF Office Condo Unit Offered at $398,037 CAD in Cheltenham, VIC 3192
Investment Highlights
- Shared amenities within a well-maintained building.
- Amenities include outdoor seating, recessed lighting, onsite parking, and abundant natural light.
- Located in the Bayside Business District with strong connectivity to major arterials.
Executive Summary
The property in Cheltenham within the Bayside Business District. Amenities include outdoor seating, recessed lighting, onsite parking, and abundant natural light. The location provides an easy commute with access to major roadways and public transport.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 3 |
| Cap Rate | 5.93% |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.93% |
| No. Parking Spaces | 3 |
Description
This unit 296 Bay Road in Cheltenham within the Bayside Business District comes with an open plan layout, 3 on title car parks, and a spacious corner office. Amenities include outdoor seating, recessed lighting, onsite parking, and abundant natural light. The location provides an easy commute with access to major roadways and public transport.
Sale Notes
This modern office suite at 14/296 Bay Road offers an outstanding opportunity for owner-occupiers or investors seeking a well-located asset in Cheltenham’s Bayside Business District. Positioned on Level 1, this light-filled corner office combines functionality with a contemporary design, creating an appealing work environment. The property includes three on-title car parks, ensuring convenience for staff and visitors.
The open-plan layout provides flexibility for a range of business uses, while shared amenities enhance operational efficiency. Located within a thriving commercial precinct, the property benefits from excellent connectivity to major arterials, public transport, and nearby retail and dining options. With a competitive price point and strong local demand for quality office space, this property represents a compelling investment in a high-growth corridor.
The open-plan layout provides flexibility for a range of business uses, while shared amenities enhance operational efficiency. Located within a thriving commercial precinct, the property benefits from excellent connectivity to major arterials, public transport, and nearby retail and dining options. With a competitive price point and strong local demand for quality office space, this property represents a compelling investment in a high-growth corridor.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 14 | 861 SF | Office | $398,037 CAD ($462.30 CAD/SF) | $23,587.38 CAD |
Unit 14
| Unit Size |
| 861 SF |
| Condo Use |
| Office |
| Price |
| $398,037 CAD ($462.30 CAD/SF) |
| NOI |
| $23,587.38 CAD |
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Unit 14
| Unit Size | 861 SF |
| Condo Use | Office |
| Price | $398,037 CAD ($462.30 CAD/SF) |
| NOI | $23,587.38 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.93% |
| No. Parking Spaces | 3 |
| Description | |
| This unit 296 Bay Road in Cheltenham within the Bayside Business District comes with an open plan layout, 3 on title car parks, and a spacious corner office. Amenities include outdoor seating, recessed lighting, onsite parking, and abundant natural light. The location provides an easy commute with access to major roadways and public transport.</li></ul> | |
| Sale Notes | |
| This modern office suite at 14/296 Bay Road offers an outstanding opportunity for owner-occupiers or investors seeking a well-located asset in Cheltenham’s Bayside Business District. Positioned on Level 1, this light-filled corner office combines functionality with a contemporary design, creating an appealing work environment. The property includes three on-title car parks, ensuring convenience for staff and visitors.<br> <br> The open-plan layout provides flexibility for a range of business uses, while shared amenities enhance operational efficiency. Located within a thriving commercial precinct, the property benefits from excellent connectivity to major arterials, public transport, and nearby retail and dining options. With a competitive price point and strong local demand for quality office space, this property represents a compelling investment in a high-growth corridor.</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 | 50,752 SF | Floors | 4 |
| Property Type | Office (Condo) | Typical Floor Size | 12,691 SF |
| Building Class | C | Lot Size | 1.40 AC |
| Total Building Size | 50,752 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 12,691 SF |
| Lot Size | 1.40 AC |
Amenities
- Signage
- Natural Light
- Open-Plan
- Recessed Lighting
- Outdoor Seating
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1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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296 Bay Rd
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