SHOP 3/11 Waltham Street, Sandringham, VIC 3191 | Commercial for sale | OnTheHouse
FOR SALE
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Shop 3/11 Waltham Street
Sandringham VIC 3191

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 50m2
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Prominent Sandringham Retail Investment

This corner retail property delivers excellent exposure to both vehicle and foot traffic, with direct sightlines from Coles and surrounding specialty retailers, ensuring strong ongoing tenant appeal. Being only a short walk to Sandringham train station, along with nearby bus connections and convenient parking, the address provides outstanding accessibility for customers, strengthening the property’s long-term leasing fundamentals.
This low-maintenance holding is ideally suited as a set-and-forget commercial investor, combining a modest lot size, a secure income profile, and
a blue-chip bayside village location. With an established tenant, a long lease, built-in rental growth and minimal owner involvement required, it offers a straightforward addition to any diversified portfolio.
Structured 4% fixed annual increases underpin consistent rental growth, creating a clear, predictable income trajectory over the lease term. The current net rental of $30,000 per annum plus GST and outgoings ensures the tenant contributes to statutory and operating costs, allowing investors to benefit from a true net return and simplified ownership.
Features we love:
- Approx. 50sqm ground floor retail shop
- Prominent corner location in Sandringham’s main retail strip
- Tightly held precinct
- Positioned directly opposite Coles, benefiting from strong daily trade
- Secure lease until 2030 with 2 x 5-year options
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Property Details for Shop 3/11 Waltham St, Sandringham

Building Type
Commercial
Floor Size
50m2
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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 6,596 properties. Over the last 5 years, Houses in Sandringham have seen a -9.42% decrease in median value, while Units have seen a -0.73% decrease. As at 31 July 2026:

  • The median value for Houses in Sandringham is $2,173,124 while the median value for Units is $853,224.
  • Houses have a median rent of $1,250 while Units have a median rent of $610.
There are currently 19 properties listed for sale, and 5 properties listed for rent in Sandringham on OnTheHouse. According to Cotality's data, 355 properties were sold in the past 12 months in Sandringham.

Suburb Insights for Sandringham 3191

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.