344-348 Charman Road, Cheltenham, VIC 3192

Investment | Other | Development/Land | Retail

For Sale Contact Agent

  • Property ID: 325408
  • Floor Area: 459m²
  • Land Area: 781m²
  • Occupancy: Vacant
Landmark Development or Investment Opportunity You Can Bank On!

An outstanding opportunity to secure this landmark property on the corner of Charman Road and Park Road in the heart of the Cheltenham Activity Centre is available for sale.

The property features:
- Land area: 781m2*
- Building area: 459m2*
- Activity Centre Zone 1
- 3 street frontages including R.O.W
- Current lease to Commonwealth Bank of Australia
- Gross rental return of $201,880p.a.*

The property is ideally located on a prime corner surrounded by major retailers and boutique shops with Cheltenham Train Station just 100 metres away.

The Cheltenham Activity Centre is undergoing extensive change with multiple high density developments in the immediate vicinity of the property and additional developments currently in the planning phase.

The property would suit developers looking to begin immediately or investors looking for a medium-long term landbank opportunity with income.

*Approx
Pricing excludes any GST.

Additional Information
Features
  • Availability: Immediate
  • Zoning: Activity Centre Zone 1
  • Suitable Development: Residential, Retail
  • Permits Issued: Nil
  • Lease Term: Two (2) years
  • Rent Review: Market review biannually
  • Car Spaces: 12 on site
  • Condition: Very good
  • Air Conditioning: Yes, throughout
  • Roller Doors: No
  • Floors: Concrete/Carpet
  • Lifts: No
  • Height: 3m approx
  • Car Parking Fees: Nil
Outgoings
  • Water Rates: $1,016p.a.
  • Land Tax: $23,025p.a.
  • Council Rates: $6,795.63p.a.
Cheltenham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2288 $124 5.43%
Retail $6635 $309 4.65%
Offices $3987 $273 6.85%
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.
Documents
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 Parking - Commercial and private parking spaces available within 500 metres of 344-348 Charman Road, Cheltenham, VIC 3192. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 344-348 Charman 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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