10 Bay Road, Sandringham, VIC 3191 sold on 19 September 2025 | OnTheHouse
 
SOLD
Sold on 19 Sep 2025 for $3,100,000

10 Bay Road
Sandringham VIC 3191

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 162m2
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Property Details for 10 Bay Rd, Sandringham

Building Type
Commercial
Land Size
162m2
Local Government
Bayside
Lot/Plan
1/TP865870

Last Listing description (December 2021)

Nichols Crowder in conjunction with Property Assist Victoria are thrilled to offer to the market this once in a lifetime investment opportunity.

This iconic and visually impressive building is perhaps the most recognisable property in Sandringham, and it is occupied under lease to one of the best performing sales teams in Victoria; Hodges Sandringham.

10 Bay Road occupies one of the most sought after retail positions of Sandringham, being the first building you see when turning in from Beach Road and being right amongst the shopping village.

Key features include:

* Long established tenancy to Hodges Sandringham
* Lease terms and options through to 31 October 2029
* Hodges Sandringham is one of the best performing sales teams in Victoria
* Current rental of $95,646 p.a. (net)
* Current rent considered well below market
* Next market rent review - November 2024
* Two level building: 348sqm* (approx.)
* Stunning internal fit out
* Land area: 190sqm* (approx.)
* Commercial 1 zoning
* Every retail amenity available close by including popular cafe's, restaurants and Coles supermarket
* Sandringham train station and bus services right nearby

For further details or to arrange an inspection please contact:

Julian Vautin 0420 406 660
Matt Nichols 0418 186 488

PLEASE NOTE:

* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

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Property History for 10 Bay Rd, Sandringham, VIC 3191

A timeline of how this property has performed in the market
Last Sold
$3,100,000
19 Sep 2025
Listed for Rent
26 Nov 1994
  • 19 Sep 2025
    Sold for $3,100,000
  • 03 Dec 2021
    Sold for $3,065,000
  • 05 Nov 2021
    Listed for Sale Contact Agent
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About Sandringham 3191

The size of Sandringham is approximately 3.7 square kilometres. It has 17 parks covering nearly 17.5% of 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 6,547 properties. Over the last 5 years, Houses in Sandringham have seen a 15.07% increase in median value, while Units have seen a 12.53% increase. As at 30 November 2025:

  • The median value for Houses in Sandringham is $2,196,856 while the median value for Units is $832,868.
  • Houses have a median rent of $950 while Units have a median rent of $600.
There are currently 13 properties listed for sale, and 2 properties listed for rent in Sandringham on OnTheHouse. According to Cotality's data, 300 properties were sold in the past 12 months in Sandringham.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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