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Properties For Sale 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

OFFICE/SHOWROOM WITH HIGH BAY STORAGE CAPABILITY! **UNDER OF...

Offices | Industrial

This quality office / warehouse is located in the renowned Hallmarc Bayside Business Park within close proximity to Nepean Highway, Westfield Southland Shopping Centre, Golf Courses, Sandringham Yacht Club, Cheltenham Railway Station and Sandringham Railway Station.
Property features include;
- Total building area of 181m2*
- Ducted air-conditioning & heating
- Partitioned office & open plan area on 1st floor
- Tilt glass panel door for easy access
- Recessed high-lux lighting
- Suspended acoustic ceilings
- Commercial grade carpet
- 4 onsite car spaces
- Corporate signage rights
- Male & female amenities
- Kitchenette
Please contact CVA for further information.
*approx

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Price: Contact Agent    Rent: Contact Agent    Building: 181m²

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


MODERN INDUSTRIAL INVESTMENT IN TIGHTLY HELD ESTATE!

Investment | Industrial | Offices

Ray White Commercial is delighted to present this outstanding industrial investment property located in the prestigious and tightly-held 'Gateway' Industrial business park in the heart of Cheltenham.
Ideally located within close proximity to major arterials such as Nepean Highway, South Road and Warrigal Road, this property is the perfect addition to your investment portfolio.
With the unique opportunity to invest in the short term and occupy in the long term, don't miss out on what this property has to offer. An inspection of this modern office/warehouse will surely impress.
- Total building area 184m2 approx.
- Comprising modern warehouse with excellent height
- Also comprising first floor modern office of 28m2 approx. and ground floor reception/showroom of 25m2 approx.
- Full kitchen facilities with stone bench, bathroom with shower and toilet, disabled access
- Modern ground office / showroom complete with heating and cooling plus window furnishings
- Currently returning $24,689* p/a plus gst plus outgoings
- Three (3) year lease commenced 2015 with one (1) further option of three (3) years
- 2.5% fixed annual increases
- Three (3) Car parks plus ample visitor parking and designated container loading area
- Located within a quality built business park
- Paul Hickman Architectural Design
- Inspection will impress
For further information or to arrange an on-site inspection, please contact one of the exclusive marketing agents:
George Kelepouris - 0425 798 677
Joshua Colosimo - 0413 790 309

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Price: AUCTION    Building: 184m²

SUPERB INDUSTRIAL BUILDING IN TIGHTLY HELD LOCATION - OCCUPY...

Industrial | Offices

Ray White Commercial is delighted to offer for sale by way of public auction this outstanding industrial property located within the heart of the Cheltenham industrial precinct.
This modern office/warehouse in the tightly-held 'Gateway' business park is perfect for the owner-occupier or astute investor looking to add an industrial property of the highest quality to their commercial portfolio.
Inspection will impress!
- Total building area 212m2 approx.
- Comprising modern warehouse with container height access
- Also comprising first floor modern office of 28m2 approx. and ground floor reception/showroom of 25m2 approx.
- Full kitchen facilities with stone bench, bathroom with shower and toilet, disabled access
- Modern ground floor office / showroom complete with heating and cooling plus window furnishings.
- Three (3) car parks on title plus designated container loading area
- Paul Hickman Architectural Design
- Being sold vacant possession
- Occupy or invest - the choice is yours!
Auction: Friday 13th October, 2017 @ 11:00am on site
For further information or to arrange an on-site inspection please contact one of the exclusive marketing agents:
George Kelepouris - 0425 798 677:
Joshua Colosimo - 0413 790 309

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Price: AUCTION    Building: 212m²

MODUS BUSINESS ESTATE - INNOVATIVE REDEFINED WORKSPACES - 30...

Industrial | Offices | Showrooms

- A collection of designed focused business premises
- Building areas 141m2* - 356 m2*
- Undercover executive parking
- Boutique on site café
- Environmentally and energy efficient
Introduction
Modus offers a collection of stylish, design-focused workspaces, crafted to cater to a multitude of corporate purposes. Flexible floorplans 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.
Let Your Business’ Values be Reflected in its Presentation
An entirely new way of thinking about work and space, Modus allows businesses to ensure that their values are reflected in how they present to their clients. In such an aesthetics driven society, companies are judged for their presentation to the public almost as critically as they are for their calibre of work. Similarly, as we find ourselves spending more and more time at the workplace, employees benefit by working in an environment that promotes presentation and innovation, giving them a constant standard to aspire toward, as well as making them feel a part of a business that nurtures such values.
Inspired by Design
These thoughtful spaces are distinguished by an uncompromising attention to detail. Showcasing a suite of contemporary colour palettes and materials that perfectly meld natural and industrial design elements with boutique features such as timber ceiling plates, black ceiling grids and ventilation, boutique LED lighting and polished concrete floors in a discernibly modern way.
Environmentally Mindful
Each work space opportunes the creation of bespoke workspaces, dictated only by the individual occupant’s needs. Workspaces come with creature comforts like ducted heating/cooling, access points for high speed broadband, as well the inclusion of sustainable lifestyle technologies. Environmentally conscious solar energy, latest thermal techniques, water saving and waste reduction measures have also been employed in the design and construction process, upholding Modus’ commitment to innovation. Here businesses are provided with the unique opportunity to ensure that what they value is the first thing their clients see when they walk through the door.
Location
Found in one of Melbourne’s most prized commercial locations, Cheltenham is less than 20kms from the CBD and comes benefitted with the ease of connectivity to major arterials including Warrigal Road and Nepean Hwy and the Dingley Bypass. Public transport is readily available.
As surrounding suburbs continue to experience a residential boom, lifestyle and culture offerings have similarly witnessed an unprecedented advance. While many businesses have long called Cheltenham home, there is now an underlying call for workspaces to reflect the suburb’s lifestyle. Modus offers just that, work spaces that are equally driven by function, practicality and style.
Spaces to Connect
Each two-storey floor plan can be crafted to accommodate a versatility of business demands. Irrespective of size or layout, each Modus space features secure access, designated car parking - including an undercover Director’s parking space - as well as thoughtfully designed kitchenette and bathroom.
Modus’ commitment to providing exclusive lifestyle benefits to occupants extends outside the individual workspaces to communal and public areas also. Included onsite is a cafe boasting a decidedly Melbourne-style menu and the enjoyment of both indoor and outdoor leisure spaces.

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Price: $470,000 - $1,120,000    Rent: $32,000 - $70,000 p.a.    Building: 65.3m² - 356.5m²

NEW HIGH EXPOSURE TWO LEVEL OFFICE

Offices

Brand new two level office prominently located at the front of Modus Business Estate, Cheltenham.
Modus offers a collection of stylish, design-focused workspaces, crafted to cater to a multitude of corporate purposes. Flexible floorplans 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.


Property Features:
- Total building area: 210m2* plus 45m2* internal undercover car space/storage area
- Seven car spaces - (3 undercover)
- Staff amenities and kitchenette
- Inspired by design and presentation
- Ducted air-conditioning & heating
- Solar power system for efficient energy saving
- On site café
For full details and Information Memorandum please contact CVA Property Consultants.

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Price: $925,000    Rent: $58,000 p.a.    Building: 210m²

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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