22-28 Bond StreetSale VIC 3850
Property Details for 22-28 Bond St, Sale
Last Listing description (May 2026)
RWC (Oakleigh) is pleased to offer 22-28 Bond Street Sale for Sale.
When assessing a commercial investment, the quality and longevity of the tenant is paramount. With Lawrence & Hanson in occupation since 1989, this asset delivers proven income security from day one.
Lawrence & Hanson forms part of the global Sonepar Group, a market-leading electrical wholesaling group with an established and long-standing local presence. They operate in over 40 countries and widely regarded as one of the largest electrical wholesalers globally.
The tenant has recently exercised a five-year lease renewal commencing February 2025, providing secure income through to February 2030. The lease also includes one further five-year option, extending the potential tenancy to 2035.
The property now generates a current income of $72,048 P/A plus GST, with all outgoings fully recoverable from the tenant. This delivers a strong, stable net return underpinned by a blue-chip covenant.
The property has been well maintained and improved over time, including a new roof and enhanced set-down area. The site benefits from a wide 30m* frontage and a total land area of approximately 1,235m*
Key property highlights include:
Total building area | 603m*
Total land area | 1,235m*
Long term tenant since 1989
New 5 year lease from Feb 2025 with 5 year option
Strong street presence with wide frontage (30m*)
Commercial 1 Zone (C1Z)
This is a high-quality, low-risk commercial investment opportunity, supported by a long-term tenant and strong income growth profile.
Contact the exclusive selling agents now to arrange for an inspection:
Ryan Amler | 0401 971 622
Jonathan On | 0479 003 122
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property
Property History for 22-28 Bond St, Sale, VIC 3850
- 08 Apr 2026Sold for $1,165,000
- 02 Feb 2026Listed for Sale Contact Agent
- 10 Feb 2022Sold for $1,028,800
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0About Sale 3850
The size of Sale is approximately 46.0 square kilometres. There are 35 parks, covering nearly 2.8% of the total area. The population of Sale in 2016 was 13673 people. By 2021 the population was 14296 showing a population growth of 4.6% in the area during that time. The predominant age group in Sale is 30-39 years. Households in Sale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sale work in a professional occupation.In 2021, 64.50% of the homes in Sale were owner-occupied compared with 63.90% in 2016.
Sale has 8,972 properties. Over the last 5 years, Houses in Sale have seen a 44.51% increase in median value, while Units have seen a 37.05% increase. As at 31 July 2026:
- The median value for Houses in Sale is $567,646 while the median value for Units is $355,949.
- Houses have a median rent of $520 while Units have a median rent of $410.
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