FOR SALE
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270 Warrigal Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 90m2
Land area: 187m2
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Auction Time
Wed 9 Oct 11:30 am
Inspection Times
No upcoming inspections scheduled.
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RETAIL WITH EXCELLENT EXPOSURE - OPPORTUNITY TO INVEST, OCCUPY OR DEVELOP

RWC Oakleigh is thrilled to present 270 Warrigal Road, Cheltenham to the market which will be offered via a public on-site and online Auction scheduled for Wednesday 9th October 2024 at 11:30 am.
This property is strategically located within a small cluster of shops, ensuring excellent exposure and convenient access to key arterials such as Nepean Hwy, Dingley Bypass and Centre Dandenong Road.
Situated in a tightly held, well-established area, it boasts quality public amenities, including bus services right at your doorstep. Additionally, it is surrounded by a vibrant mix of restaurants, cafes, and other retailers, making it an ideal investment opportunity.
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
• Long standing bakery. In occupation for ten (10) plus years
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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 14,710 properties. Over the last 5 years, Houses in Cheltenham have seen a 28.48% increase in median value, while Units have seen a 14.92% increase. As at 31 August 2024:

  • The median value for Houses in Cheltenham is $1,203,432 while the median value for Units is $676,563.
  • Houses have a median rent of $690 while Units have a median rent of $540.
There are currently 40 properties listed for sale, and 44 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 643 properties were sold in the past 12 months in Cheltenham.

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Contact agent
George Kelepouris
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Ray White Commercial Oakleigh
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