25, 132 Keys Road, Cheltenham, VIC 3192

Retail

Sold

Sold

  • Property ID: 385540
  • Floor Area: 88m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Unit 25 Sold N/A 88m2 N/A Contact Agent
The Key Ingredient For Any Investor.

POINT OF INTEREST:

Expressions Of Interest Closing 15th April 2021 at 2pm.

Built to service Modus Business Estate that comprises of 25 units, this 88 sqm* retail space is home to Bambam Deli, who have developed a cult following. Beyond their array of 5-star Google reviews online, with people proclaiming to come from as far as the outer Western Suburbs, they provide a healthy rental income just shy of $40,000 per annum. A set and forget investment for the owner, whilst being a memorable eatery for all who come in.

Located just 170 m* off Warrigal Road and surrounded by dozens of major retailers including Bunnings, Sydney Tools, Fantastic Furniture and more, the traffic going past this property from the ever-busy Keys Road will ensure there’s always a foot in the door.

- Building area of 88 sqm*.
- Currently tenanted by Bambam Deli.
- Current rental income of $39,181.08 P.A Net.
- Current term of eight years (commenced 15/01/2018).
- Further term of eight years.
- Security bond of $20,625.
- 4% annual increases.
- Three car spaces.

POINT OF VIEW:

In a city known for great coffee, 75 5-star Google reviews on this tenant proves Melburnians consider them worth it. And 39,181 reasons why they’ll be your favourite local.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Lease Term: Eight (8) years
  • Rent Review: 4% annual increase.
  • Car Spaces: 3 on title.
  • Condition: Excellent
  • Air Conditioning: Yes - Split System
  • Floors: Concrete
  • Lifts: N/A
  • Age: 2018
  • Car Parking Fees: Nil.
Outgoings
  • Water Rates: $850 p.a approx.
  • Land Tax: Nil.
  • Council Rates: $1,270 p.a. approx.
  • Owners Corp. / Insurance: $1,700 p.a. approx.
  • Other Charges: A/C Maintenance: $790 p.a. approx.
Cheltenham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $5251 $129 2.46%
Offices $4684 $229 4.88%
Retail $6857 $195 2.85%
This is the average advertised price, rent and yield for Cheltenham, VIC 3192*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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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