Retail

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. 

*Approx
Pricing excludes GST.