1/218 Bay Road, Sandringham, VIC 3191 | Commercial for sale | OnTheHouse
 
FOR SALE
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1/218 Bay Road
Sandringham VIC 3191

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 109m2
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SPACE, POSITION & PRIVATE COURTYARD

Offering approximately 109sqm* of internal accommodation together with an approximately 62sqm* private courtyard, this well-proportioned Sandringham office presents a quality commercial investment with an existing lease in place, valuable outdoor amenity and three car spaces.
The generous open office area allows for a range of workplace configurations, with sliding door access extending directly to the courtyard to create a practical connection between the interior and outdoor space. Supporting amenities include a kitchenette with pantry and sink, shower facilities, separate male and female toilets and an additional powder room.
Property Features:
● Approximately 109sqm* of internal office space
● Approximately 62sqm* private courtyard
● Existing lease in place
● Current rent: $41,500 p.a. plus GST
● Lease commencement: 1 July 2026
● 3 further terms of two years
● Annual rent reviews at 4%
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Property Details for 1/218 Bay Rd, Sandringham

Building Type
Commercial
Floor Size
109m2
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About Sandringham 3191

The size of Sandringham is approximately 3.7 square kilometres. There are 17 parks, covering nearly 17.5% of the total area. The population of Sandringham in 2016 was 10241 people. By 2021 the population was 10926 showing a population growth of 6.7% in the area during that time. The predominant age group in Sandringham is 50-59 years. Households in Sandringham are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sandringham work in a professional occupation.In 2021, 71.90% of the homes in Sandringham were owner-occupied compared with 71.00% in 2016.

Sandringham has 6,578 properties. Over the last 5 years, Houses in Sandringham have seen a -10.62% decrease in median value, while Units have seen a -3.87% decrease. As at 31 August 2026:

  • The median value for Houses in Sandringham is $2,149,607 while the median value for Units is $828,829.
  • Houses have a median rent of $1,323 while Units have a median rent of $605.
There are currently 24 properties listed for sale, and 3 properties listed for rent in Sandringham on OnTheHouse. According to Cotality's data, 332 properties were sold in the past 12 months in Sandringham.

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Kirsty Venning
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James Davie
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DBRE - Moorabbin
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