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Sold on 12 Aug 2024 - Price Unavailable

23 Taunton Drive
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 720m2
Land area: 976m2
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Property Details for 23 Taunton Dr, Cheltenham

Building Type
Commercial
Floor Size
720m2
Land Size
976m2
Local Government
Kingston
Lot/Plan
14/LP114118

Last Listing description (August 2024)

Offered with a current lease & scope to renegotiate or occupy after November 2025, this substantial office-warehouse is situated in one of the outer bayside suburbs most tightly-held industrial locales. Providing a well-balanced mix of office & warehouse space, these upscale premises are ideal to rent or occupy with scope to upgrade & tailor to individual needs. In a quiet crescent off Centre Dandenong Rd, these quality premises enjoy a tightly-held position in the only light-industrial precinct between Cheltenham's residential locale & Kingston Plaza shopping centre.

Substantial office-warehouse 720sqm* floorspace
- well balanced mix of office & warehouse space

- 2 two-level office ‘pods’ with their own entry

- currently fitted as 5 individual offices, easily reconfigured to suit

- immense clear-span, high-clearance warehouse space

- ceiling highpoint at 6m* with a 4.8m* auto-entry door
-
dual WC facilities, reverse-cycle air-con, 3 Phase power
- total land-holding of 976sqm*

- good access & easy unloading via central driveway
- excellent perpendicular street parking for staff & customers
Leased on a 3 year term until 23 November 2025
- annual 4% increase & no further options
- ideal arrangement for investors & owner-occupiers alike.

- returning $70,148pa with 4% annual increase

Adjacent the Moorabbin Airport industrial precinct

- close to new Chifley Business Park

- 1 minute to Kingston Plaza, DFO & Costco shopping
- 3 minutes to Dingley By-Pass access & Peninsula-Link Fwy beyond
- 5 minutes to Nepean Hwy’s big box retailers & car yards
- 20 minutes to Dandenong
- 40 minutes to the city via Nepean Hwy

Offered for private sale with settlement terms at 30, 60 or 90 days by negotiation.

*NB All prices exclude GST unless otherwise stated and all sizes are approximate.

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Property History for 23 Taunton Dr, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
12 Aug 2024
Listed for Rent
27 Mar 2017
  • 12 Aug 2024
    Sold
  • 15 Jul 2024
    Listed for Sale Contact Agents
  • 01 Jun 2016
    Listed for Rent - Price not available
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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 14,707 properties. Over the last 5 years, Houses in Cheltenham have seen a 32.80% increase in median value, while Units have seen a 17.29% increase. As at 31 July 2024:

  • The median value for Houses in Cheltenham is $1,209,188 while the median value for Units is $679,121.
  • Houses have a median rent of $690 while Units have a median rent of $538.
There are currently 45 properties listed for sale, and 37 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 639 properties were sold in the past 12 months in Cheltenham.

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David Bancroft
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