This One-of-a-Kind Trophy Investment property is being offered for the first time in almost 30 years and comes with the flexibility of 5 separate titles and 5 separate income streams. It is perfectly located in the heart of the thriving Charman Road retail strip and is adjacent to Cheltenham Station which has undergone a major transformation in recent years with the removal of the level crossing.
The property benefits from over 15m of exposure to Charman Road along with council parking on the rear whilst also offering the potential for further development in the future (STCA) aided by its ROW. Westfield Southland Shopping Centre can be found only 600m* up the road and conveniently, all five tenancies are already separately metered giving you the utmost flexibility whatever your purchasing plans or future plans for the property may be!
Property Attributes:
• Total land area | 518m2*
• Combined building area | 787m2* over two levels
• Subdivided & individually titled
• 5x separate income streams | $153,971 p/a*
• Shop leased to experienced operator until Dec 2026 + options
• 4x large 2 bedroom apartments each with private balcony & on-title car space
• Scope to increase combined apartment rent by $10,656 p/a*
• ROW, 3 phase power, gas supply
• Adjacent to Cheltenham Station
• Separate electricity & water meters
• 600m* from Westfield Southland Shopping Centre
• Neighbours include Chemist Warehouse, Bakers Delight, Domino's Pizza & Australia Post
• Activity Centre Zone 1 (ACZ1)
For further information please contact one of the exclusive marketing agents:
Theo Karkanis | 0431 391 035
George Ganavas | 0478 634 562
*All areas and figures approximates only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.