216 Bluff RoadSandringham VIC 3191
Property Details for 216 Bluff Rd, Sandringham
Last Listing description (December 2022)
+Secure three (3) year lease to 2024 plus options through to 2030
+Leased to proven performer Caf Local Italian, a local leading caf/wine bar with substantial following
+Tenant pays all usual outgoings as per the lease
+Fixed compounding annual 3.5% rent increases
+Single tenant, minimal management investment
+Beautiful European providore style caf fitout and atmosphere
+Superb exposure to Bluff Road, a major Bayside Road linking Brighton through to Black Rock
+Strategic position directly opposite Sandringham Hospital, the major hospital and health provider to Bayside Melbourne as well as being nestled amongst an abundance of residential homes
+Sandringham: One of Melbourne's premier Bayside suburbs with a median house price of $2,297,500**
+Estimated Net Income: $40,365* + GST (October 2022)
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 14 September 2022
Crown Casino - River Room
** ***
Property History for 216 Bluff Rd, Sandringham, VIC 3191
- 19 Jul 2023Sold for $620,000
- 23 Aug 2022Listed for Sale Price on Request
- 05 Nov 2011Listed for Rent - Price not available
Recent sales nearby
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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 6,541 properties. Over the last 5 years, Houses in Sandringham have seen a 8.70% increase in median value, while Units have seen a 6.58% increase. As at 31 March 2026:
- The median value for Houses in Sandringham is $2,332,515 while the median value for Units is $819,157.
- Houses have a median rent of $1,250 while Units have a median rent of $600.
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