160 Weatherall Road, Cheltenham, VIC 3192

Investment | Other | Development/Land | Offices

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  • Property ID: 316109
  • Floor Area: 141m²
  • Land Area: 215m²
  • Occupancy: Vacant
  • NBN Availability: Build Commenced
  • Cafes: 20+ nearby
Mixed Use Investment Opportunity

CVA Property Consultants are proud to present 160 Weatherall Road, Cheltenham for immediate private sale

This 141m2* versatile property comprises a refurbished two bedroom residence at its rear with kitchen, bathroom, living area and rear yard currently leased month to month to a residential tenant for $23,348.04 per annum and a 44m2 retail premises fronting Weatherall Road' providing a projected total combined rental off $45,348.00 per annum.

With a 215m2* land size the property benefits from a 6 metre* frontage to Weatherall Road that overlooks Cheltenham Recreation Reserve, 35 metres* in length to a rear alley way that is serviced by both McNamara Street and Parkside Street and provides endless possibilities given its Mixed-Use Zoning and exposure including ground floor retail/office and multi-level apartments (STCA).

The subject property is conveniently located on Weatherall Road in Cheltenham's local retail strip opposite Cheltenham Reserve. The site is further enhanced by its close proximity to Cheltenham Train Station (950 metres*), Beaumaris North Primary School (1.7 kms*), Beaumaris Primary School (2.5kms*), Cheltenham Primary School (750m*) and MCC sponsored Beaumaris Secondary College (2.2kms*). Also enhancing this position is the Charman Road retail precinct 900 metres* away and Royal Melbourne, Sandringham and Victoria Golf Clubs & parkland surrounding this location.

Property Features:
- Flexible property with retail and rear residence comprising 141m2*
- 44m2 retail premises fronting Weatherall Road
- 2 bedroom refurbished residence at it's rear & currently leased month to month
- Mix Use Zoning (MUZ) alloowing for future mixed use development (STCA)
- Looks over Cheltenham Recreation Reserve

*approx

Additional Information
Features
  • Availability: Immediate
  • Zoning: Mix Use Zone (MUZ)
  • Suitable Development: Mix Use of commercial / retail & multi level apart
  • Permits Issued: No
  • Lease Term: Residential - Month to Month, Retail - Vacant
  • Rent Review: NA
  • Car Spaces: Ample parking on Weatherall Road
  • Condition: Excellent
  • Air Conditioning: Yes
  • Roller Doors: NA
  • Floors: Concrete / Carpet / Wood
  • Lifts: NA
  • Car Parking Fees: Nil
Outgoings
  • Water Rates: $940.60 per annum
  • Land Tax: No land tax
  • Council Rates: $1960 per annum
  • Owners Corp. / Insurance: $3000 per annum approx.
  • Other Charges: Building insurance: $2628 per annum approx
Cheltenham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $3987 $273 6.85%
Industrial $2288 $124 5.43%
Retail $6635 $309 4.65%
This is the average advertised price, rent and yield for Cheltenham, VIC 3192*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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Agency Details

CVA Property Consultants

18-20 Russell Street, Melbourne, VIC 3000

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 160 Weatherall Road, Cheltenham, VIC 3192. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • Disclaimer - We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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