384a Nepean Highway, Chelsea, VIC 3196

Retail | Hotel/Leisure | Medical

Leased

  • Property ID: 432388
  • Floor Area: 145m²
  • Land Area: 229m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Whole building Leased 15/12/2023 145m2 229m2 Contact Agent
THE RIGHT BAYSIDE PLACE AT THE RIGHT TIME.

POINT OF INTEREST:

With its beautiful beaches, locally-loved amenities, and a newly developed railway station — Chelsea is Bayside’s best-kept secret. And those who live here know the inevitable wave of interest that’s about to head this way from the likes of Black Rock and Mordialloc, two neighbouring suburbs that has seen rapid popularity and development. Cue: Your timely move. This flexible single-level retail building is currently 85 sqm* and the landlord has already organised a permit to completely refurbish the space to suit your exact needs. If you’d like to stretch your legs further, however, the property can be extended to 145 sqm*, depending on what you’re in the market for. This offer also broadens the brief from a traditional retail asset to potentially a medical practice, a café/wine bar, or an office set-up. The rear yard holds fantastic potential to be utilised as a courtyard for staff or clientele. There are two car spaces allocated at the rear, but the large council car park will take care of the rest. Sitting amongst Chelsea’s prime retail precinct, neighbours to the popular Long Beach Hotel, the frontage is also exposed to Nepean Highway traffic and metres from the newly developed railway station and the beachfront.

- Option 1: 85 sqm* of refurbished building area.
- Option 2: 145 sqm* of refurbished building area (planning approved).
- 229 sqm* of land area.
- Commercial 1 zoning.
- 2 car spaces and a large council car park at the rear.
- Dual street frontages to the Nepean Highway and rear of the property.
- Less than 5 minutes’ walk from Chelsea railway station.

POINT OF VIEW:

Now that it’s near impossible to land a Friday night park at the Mordialloc Cellar Door, locals are looking out for the next hot Bayside suburb, and relocators are looking for more reasonable coastal real estate. Chelsea’s boom has just begun, and the early bird will get the swarm.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Now.
  • Car Spaces: 2 spaces at rear.
  • Condition: To be full refurbished.
Outgoings
  • Water Rates: $1,000 p.a.*
  • Council Rates: $1,479 p.a.*
  • Owners Corp. / Insurance: $1,250 p.a.
Chelsea Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $3000 --- ---
Offices $3700 $472 12.76%
Retail $3700 $311 8.41%
This is the average advertised price, rent and yield for Chelsea, VIC 3196*

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

Days on Market data for Retail in VIC for Lease

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:

  • 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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