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Properties For Sale or For Lease found in CHELTENHAM, VIC 3192

PRIME MIXED-USE DEVELOPMENT SITE OR STRATEGIC LAND BANK!

Development/Land (Residential, Medical, Retail, Showrooms, Offices)

CVA are proud to present 293 Bay Road, Cheltenham via Deadline Sale Closing Thursday 21st September 2017 at 3pm.

This outstanding property provides the successful purchaser with multiple options for commercial/residential development, owner occupation or invest and land bank for the future. The property comprises a 3 bedroom home on a generous 631m2* of land that is currently leased as a residential tenancy for $400* per week providing immediate income to the successful purchaser.
The subject property benefits from:
- 18m* frontage to Bay Road
- Endless possibilities given its Mixed-Use Zoning
- Exempt from the Special Building Overlay relating to flood inundation
- Excellent precedent for 3 level apartment project with 277 Bay Rd "Sphere Apartments" approved and on the market
- Prominent exposure for a commercial / medical premises with the current improvements or multi-level apartments (STCA).
- A planning amendment (C150) promoting this site for commercial use should the purchaser wish to take advantage of 17,000 passing cars daily (Vic roads data 2016).
The subject property is conveniently located on Bay Road which has recently experienced significant residential and commercial development. The site is further enhanced by its close proximity to Nepean Highway and Bluff Road, as well as Southland Shopping Centre (1.7kms* away), Cheltenham Train Station (2.8kms* away), Sandringham Beach (3kms away), and well known businesses including Creative Garden Early Learning Centre, Aldi, Fitness First, DOMO, Moor Room Self Storage, iSelect and Bridgestone Tyres.

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Price Contact Agent
Land 631m²
Property ID 265361

STUNNING OFFICE INVESTMENT WITH SUBSTANTIAL DEVELOPMENT UPSIDE

Investment | Offices

– Modern office building (constructed in 2008), NLA of 4,921m2* plus 357 car spaces
– Strong covenant leased to publicly listed tenant to July 2021
– Net Income: $2,300,000 pa* with 4% annual increases
– Total Land Area: 14,605m2* (four titles)
– Scope for further office development - permit previously approved
– Close proximity to Westfield Southland and new Southland train station (under construction)
– Zoned: Commercial 2
– 2 Star NABERS energy rating
The property is located in the heart of Cheltenham’s commercial precinct. Cheltenham is a highly regard Melbourne bayside suburb situated approximately 19kms South-East of the CBD. The asset enjoys excellent amenity in the immediate proximity including the Southland Regional Shopping Centre and pending train station (Southland Train Station due for completion in mid-2017) other nearby railway stations include Cheltenham and Highett stations . Access is further bolstered by convenient access to major arterial roads including Nepean Highway and Beach Road.
This property is being offered for Private Sale

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Price Contact Agent
Building 4921m²
Occupancy Tenanted
Property ID 267084

MODERN PROFESSIONAL OFFICE - SHORT TERM AVAILABLE

Offices | Medical

Well presented two level office suite, positioned within the prestigious Hallmarc Business Park. This office boasts high quality finishes, including:
- Reverse cycle air conditioning
- An acoustic ceiling
- A ready to occupy fit out
- Signage opportunities
- Available now
Situated only 17 kilometres from Melbourne's CBD, this fantastic office suite is positioned within minutes of Southland Shopping Centre, Cheltenham Train Station and a number of Victoria's best golf clubs. Access to this desirable location is provided by main roads such as Nepean Highway, Warrigal Road and Bay Road.
Call Ryan today to arrange an inspection.

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Rent $32,000 p.a.
Building 121m²
Property ID 256271

MODERN OFFICE WAREHOUSE JUST OFF KEYS ROAD

Industrial

This modern warehouse/office is conveniently located just off Keys Road with ease of access to major arterials such as Warrigal and South Rds, minutes to Nepean Hwy and also Princes Hwy
This Great Little Warehouse comes with:
* Clean and clear warehouse space of 138 sqm approx
* Good access and internal clearance
* Ample on site parking
* Very reasonable rental
* Suit a variety of uses
For more information contact Matt Brown 0418 599 486

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Rent: Lets Do A Deal    Building: 138m²


MODERN OFFICE WAREHOUSE JUST OFF KEYS ROAD

Industrial

This modern warehouse/office is conveniently located just off Keys Road with ease of access to major arterials such as Warrigal and South Rds, minutes to Nepean Hwy and also Princes Hwy
This Great Little Warehouse comes with:
* Clean and clear warehouse space of 138 sqm approx
* Good access and internal clearance
* Ample on site parking
* Grd and 1st Floor office approx 30m2
* Suit a variety of uses
For more information contact Matt Brown 0418 599 486

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Rent: Let's Do A Deal    Building: 160m²

GREAT LITTLE WAREHOUSE

Industrial

This is a great little warehouse with three phase power.
* Approx 180m2
* Perfect for storage or small business
* 3 phase power
For more information please contact Matt Brown 0418 599 486

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Rent: $19,000 pa    Building: 180m²

FABULOUS WAREHOUSE IN CHELTENHAM

Industrial

Well located warehouse just off Keys Rd.
165sqm*
Warehouse 120sqm*
Office / Amenities 45sqm*
5m* Ceiling Height
3 Phase Power
All Inquiries Contact John Black - 0419341986
*Approx

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Rent: Contact Agent    Building: 165m²

BOUTIQUE CAFE WITHIN MODUS BUSINESS ESTATE

Retail

A unique opportunity to secure this café premises located at the entry of the Modus Business Estate.
Modus offers a collection of stylish, design-focused workspaces, crafted to cater to a multitude of corporate purposes. Flexible floor plans and contemporary interiors redefine traditional work spaces, creating instead solutions in which people can feel connected and thrive, enriched and inspired by their surrounds. Crafted with function in mind, Modus’ versatile spaces encourage productivity, without compromising on style. Invite your clients to visit with the confidence of knowing your business and its values are reflected in its presentation.
- Building area 65m2 plus outdoor setting area of 27m2
- Corporate business estate with large office components catering to increased staff sizes
- 24 design-focused buildings in the business estate as your core clientel
- Corporate neighbors through Keys Road facilitating large staff sizes

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Price: $650,000    Rent: $40,000 p.a.    Building: 65.3m²

SUBURB PRICE GUIDE

Suburb Summary - Cheltenham, VIC 3192

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $4148 $255 6.15%
Retail $7586 $294 3.88%
Industrial $1770 $119 6.70%
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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