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

CVA are proud to offer 293 Bay Road, Cheltenham via private sale.

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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Land 631m²
Occupancy Vacant
Property ID 265361


Investment | Retail

- Exceptional location within the absolute prime position of bustling Centre Road.
- Total Land Area: 482 m2 approx.
- Substantial frontage to Centre Road and rear car park of 16.5 metres.
- 5 Year lease to ANZ from August 2016 – no option.
- 5+5 Year lease to Bentleigh Fresh from April 2014.
- Total Income: $452,000 per annum plus outgoings and GST. (Land Tax paid by ANZ).
- Excellent future value add potential ( STCA)
- Outstanding public car parking to the rear and excellent pedestrian flow to high performing Coles Supermarket.
- Irreplaceable opportunity to acquire impressive freehold investment perfectly located in the prime of Centre Road and located close numerous National Tenants and the recently upgraded Bentleigh Train Station.

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Building 935m²
Property ID 270463



41-45 Hydrive Close, known as Hydrive Distribution Centre, is located within the prime industrial precinct of Dandenong South, approx 35 km south-east of the Melbourne CBD.
The property is located approx 5 km south of the Dandenong City Centre and 500 m east of the South Gippsland Highway.
The asset is a modern cross-dock distribution facility purpose built in 1999 for the current occupiers. Drive-around access and extensive hardstand provides excellent truck access on the site. Low site coverage (29%) provides flexibility to both tenant and landlord.
Refer to for more information on the entire portfolio.

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Building 29970m²
Land 8800m²
Occupancy Vacant
Property ID 270145


Investment | Industrial

- Passing income of $3,081,121 net per annum*
- Strong fixed reviews at 3.50% per annum*
- Long term lease to Simon National Carriers, a nationally recognised covenant
- Core logistics asset with a GLA of 40,554 sqm*
- 8 ha* land holding boasting dual street frontages
- Flexible improvements providing the long term ability to divide (STCA)
- Located in a tightly held and sought after industrial precinct
- Immediate location benefitted by recent road network upgrades including the Dingley Bypass
Expressions of Interest closing Thursday 25th May 2017 at 4.00pm AEST.
**Outline Indicative Only

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Building 40554m²
Land 80000m²
Occupancy Tenanted
Property ID 270143



41-51 Mills Road, Braeside, known as Braeside Distribution Centre is located in the established south-east industrial centre of Braeside, approx 25km south-east of Melbourne CBD.
The precinct provides strong transport links to major arterial roads which provide access to major freeways including Eastlink Tollway, Monash Freeway and Springvale and Lower Dandenong Roads.
Improvements on the property were originally constructed 1985 and extended circa 1996.
The Asset includes sprinklered office and warehouse accommodation of steel portal frame construction, Drive-around configuration and Substantial canopy and concrete apron on the eastern side of the warehouse which further provides excellent truck access and car parking.
Refer to for more information on the entire portfolio.

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Building 32443m²
Land 53000m²
Occupancy Vacant
Property ID 269039



151-155 Woodlands Drive, Braeside, known as Woodlands Distribution Centre is located in the established south-east industrial hub of Braeside, approx 25kms south-east of the Melbourne CBD
The precinct provides strong transport links to major arterial roads including access to major freeways including Eastlink Tollway, Monash Freeway and Springvale and Lower Dandenong Roads.
151-155 Woodlands Drive, Braeside comprises a modern, functional high clearance warehouse and adjoining two-level refurbished office constructed circa early 2000’s. It also includes a large canopy which extends along the northern elevation.
Refer to for more information on the entire portfolio.

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Building 11074m²
Land 24500m²
Occupancy Vacant
Property ID 269032


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


Retail | Development/Land | Showrooms

• 3,525sqm* site in the retail core of the Dandenong CBD
• 2,390sqm* building, with planning approvals to convert into 6 individual retail tenancies
• 61m* frontage Princes Hwy, with dual frontage to Cleeland St
• Exposure to 35,000+ passing cars per day
• Existing on-site parking for 29 cars
• Suitable for occupiers, investors or developers
• ‘Comprehensive Development Zone' forming part of the Central Dandenong Activity Centre - allowing for high density mixed-use development (STCA)
• Highly strategic position adjoining Coles anchored Neighbourhood Shopping Centre, adjacent to the Dandenong Markets and Dandenong Plaza.

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Price Contact Agent
Building 2390m²
Land 3525m²
Occupancy Vacant
Property ID 267072

Suburb Summary -

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

* 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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