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1/271 Bay Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 200m2
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High Return, Great Exposure & Newly Fitted Ground Floor Office!

This vibrant, fully fitter ground floor office offers a commercial investment, with an approx 5.8%* return, offers a commercial investment like no other.
With an approx 200m2* of office space, 3 car allocated parking on title and loads of street parking, you'll easily understand why the tenants themselves committed to this outstanding opportunity.
Property Features:
• Glass partitioning
• Central A/C
• Glass partitioning with its own reception/waiting area.
• Fitted remote Blinds
• Security Entrance
• Security alarm
• Storage cupboard
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Property Details for 1/271 Bay Rd, Cheltenham

Building Type
Commercial
Floor Size
200m2

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About Cheltenham 3192

The size of Cheltenham is approximately 10.6 square kilometres. It has 26 parks covering nearly 19.1% of total area. The population of Cheltenham in 2011 was 20,291 people. By 2016 the population was 22,311 showing a population growth of 10.0% in the area during that time. The predominant age group in Cheltenham is 40-49 years. Households in Cheltenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cheltenham work in a professional occupation. In 2011, 73.6% of the homes in Cheltenham were owner-occupied compared with 71% in 2016.

Cheltenham has 14,918 properties. Over the last 5 years, Houses in Cheltenham have seen a 3.18% increase in median value, while Units have seen a 8.24% increase. As at 28 February 2025:

  • The median value for Houses in Cheltenham is $1,145,408 while the median value for Units is $696,852.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 44 properties listed for sale, and 32 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 617 properties were sold in the past 12 months in Cheltenham.

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Suburb Insights for Cheltenham 3192

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George Bornyan
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Robert Fidanza
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The Avenue Property Co
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