340-342 Charman Road, Cheltenham, VIC 3192


Sold $1,850,000

  • Property ID: 331602
  • Floor Area: 253m²
  • Land Area: 404m²
  • NBN Availability: Build Commenced
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 253m2 404m2 Contact Agent
Multi Tenanted Retail Investment !

Prominently positioned on Charman Road this property features an impressive 12 metre* frontage providing tremendous exposure and presence to the busy retail precinct.

Leased to two extremely well established and long standing tenants Jins Flowers and Cafe In D'imand returning a total rental of $79,331.04 per annum.
Additional features include a first floor three bedroom dwelling above lot 340 which can provide future increase in rental and rear land providing parking for four vehicles.

This sought after investment is situated on a land area of 404m2* with ROW and further enhanced by a favorable Activity Centre Zoning which provides for valuable development potential for a multi level mixed use development (STCA).

Investment Summary:

340 Charman Road, Cheltenham:
- Tenant: Cafe In D'imand
- Rental: $42,251.00 p.a net
- Term: Five (5) years
- Commencement: 1st July 2018
- Options: Two (2) further terms of five (5)
- Increases: Annual 4%

342 Charman Road, Cheltenham:
- Tenant: Jins Flowers
- Rental: $37,080.00 p.a net
- Term: Five (5) years
- Commencement: 1st October 2017
- Increases: Annual 4%

Combined rental of $79,331.04 per annum.

Please contact CVA for further details.

Pricing excludes GST.

Additional Information
  • Availability: Immediate
  • Lease Term: Five (5) years
  • Rent Review: TBC
  • Car Spaces: Onsite
  • Water Rates: TBC
  • Land Tax: TBC
  • Council Rates: TBC
  • Owners Corp. / Insurance: N/A
Cheltenham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2198 $125 5.69%
Retail $5248 $274 5.22%
Offices $3426 $348 10.16%
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.

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™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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