FOR SALE
INVEST, OCCUPY OR DEVELOP - NO GST PAYABLE

270 Warrigal Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 90m2
Land area: 187m2
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RETAIL WITH EXCELLENT EXPOSURE - OPPORTUNITY TO INVEST, OCCUPY OR DEVELOP | NO GST PAYABLE

RWC Oakleigh is thrilled to present 270 Warrigal Road, Cheltenham to the market which will be offered by way of private sale.
This is an accessible entry point into Bayside's fiercely localised and lucrative market with everything from frontage to Warrigal road and a generous portion of land offering development potential. And all with a freehold title. That's right - no owners corporation here. To be sold with a month to month tenancy giving an opportunity to Invest or occupy now, develop a little later..
Additionally, it is surrounded by a vibrant mix of restaurants, cafes, and other retailers, making it an ideal investment opportunity.ensuring excellent exposure and convenient access to key arterials such as Nepean Hwy, Dingley Bypass and Centre Dandenong Road.
The rear right of way access behind the shops makes for exceptional access to future development of the rear land. We could see a retail offering on the ground floor with a boutique residential build behind, climbing to a two-level height to enjoy the views of the oval and over to the golf course. You wouldn't be the first; the neighbour to the left has completed exactly that. And when you can say that you have Mentone Beach, the Frankston line, and Southland Shopping Centre within one-kilometre.
Property Attributes:
• Land area | 187m2*
• Building area | 90m2*
• Rear access leading into a garage/storage shed
• Current rental | $29,400p/a net
• Current tenant on a month to month tenancy
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Property Details for 270 Warrigal Rd, Cheltenham

Building Type
Commercial
Floor Size
90m2
Land Size
187m2

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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 14,835 properties. Over the last 5 years, Houses in Cheltenham have seen a 10.81% increase in median value, while Units have seen a 9.48% increase. As at 30 November 2024:

  • The median value for Houses in Cheltenham is $1,159,955 while the median value for Units is $681,178.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 47 properties listed for sale, and 38 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 614 properties were sold in the past 12 months in Cheltenham.

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George Kelepouris
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Ray White Commercial Oakleigh
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