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Development/Land 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 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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Price Contact Agent
Land 631m²
Occupancy Vacant
Property ID 265361

MAJOR LAND PARCEL

Development/Land | Industrial

This outstanding property offers ...
* 11,691 sqm*
* C2 Zoning
* 2 Street frontages (2 separate titles)
* Short term income on existing improvements.
Be a part of this rapidly changing landscape in this fantastic Bayside precinct.
To arrange an inspection or for further information please contact:
James Davie 0412 209 696
David Bancroft 0418 318 747
Office 9532 6088
NB
All prices exclude GST unless otherwise stated and all sizes are approximate.

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Price: POA    Building: 7768m²    Land: 11691m²    Occupancy: Vacant

DEVELOP, INVEST OR OCCUPY

Development/Land | Retail | Medical

Double fronted shop + residence
1 retail shop + 7 apartments
Approved permit with endorsed plans for mixed use development
Land area: 405 m²
8.5 m frontage to Charman Road
Located in Cheltenham's activity centre offering retail, cafes and lifestyle attractions
Short term holding income potential
Outstanding surround amenities
Nearby to Southland Shopping Centre, beach and train station
Rear lane way access
Permit details and plans available on request

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Price: Contact Agent    Building: 145m²    Land: 405m²    Occupancy: Vacant

Properties located in the surrounding suburbs

BOUTIQUE PERMIT APPROVED BAYSIDE OPPORTU...

Development/Land

Savills is delighted to offer for sale this magnificent development site situated in a highly sought after position just metres from the bustling Highett Road retail precinct. This property represents a fantastic opportunity to acquire a prime corner development site within the rapidly evolving and highly sought after suburb of Highett with a recently approved permit for a striking boutique development of 25 apartments. The key attributes of this fantastic property include:
- Prime corner landholding of 1,246 sqm*
- Prominent frontages to Graham Road and Highett Grove
- General Residential Zone 1
- Recently approved permit for 25 apartments designed by ‘Bruce Henderson Architects’
- Direct proximity to an abundance of retail amenity on the Highett Road retail strip, as well as the major Westfield Southland Shopping Centre
- Within walking distance of Highett Train Station and various bus routes
- Surrounded by some of Melbourne’s best private schools
- A high quality, permit approved development opportunity designed by renowned architects
The opportunity to secure such a prime development site in this highly regarded suburban
location is incredibly rare, especially when you consider the proximity to quality retail amenity, public transport, size of the site, successful surrounding developments and planning approval for a spectacular bouqtiue apartment project. 32-34 Graham Road, Highett is For Sale by Expressions of Interest closing Wednesday 18th October at 2pm. For further information, please contact: Julian Heatherich - 0412 995 655 Jesse Radisich - 0402 085 702 Benson Zhou - 0458 488 888

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Price: EOI Closing Wednesday 18 October at 2pm    Land: 1246m²    Occupancy: Vacant


PRIME INVESTMENT - 6 SHOPS PLUS FIRST FLOOR OFFICES ***SOLD*...

Investment | Retail | Development/Land (Retail)

  • Current return: $205,000 pa (approx) plus outgoings
  • To be offered as one
  • Potential to subdivide (STCA)
  • Land Area: 534 sqm (approx)
  • Opposite Mentone Train Station
  • Over 50 m of retail frontage

BRILLIANT RETAIL LOCATION, METRES FROM: COLES, WOOLWORTHS, AUSTRALIA POST & CHEMIST WAREHOUSE

***SOLD***

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Price: Contact Agent    Rent: $205,000 p.a.    Building: 537m²    Land: 534m²    Occupancy: Tenanted

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 $116 6.58%
* 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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