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285 - 287 Bay Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 510m2
Land area: 1583m2
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PAVE YOUR WAY TO A BIG FUTURE

Totalling 1583sqm* land with a wide high-profile 36.7m* frontage to Bay Rd, this spectacular property offers a rare opportunity to claim a notable Bayside footprint with significant scope for upside.
Arguably the largest Bay Rd offering in recent memory and future expectation, this expansive opportunity is also arguably today’s most flexible. With a lease in place for now, pathways to take possession in the future, and multiple possible future uses, this exceptional site is set to lead the way.
◽ Adaptable mix of showroom, warehouse, office and open outdoor space
◽ Fit for purpose today, scope to re-purpose tomorrow
◽ 505sqms* of office/showroom/warehouse space
◽ substantial outdoor display areas
◽ At least 6 gated car spaces plus 3 forecourt spaces
◽ Currently leased with on-going options
◽ Scope to explore opportunities and develop upside
◽ Ideal blend of high visibility and big Bayside amenity
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Property Details for 285 - 287 Bay Rd, Cheltenham

Building Type
Commercial
Floor Size
510m2
Land Size
1583m2

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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 14,663 properties. Over the last 5 years, Houses in Cheltenham have seen a 22.66% increase in median value, while Units have seen a 13.45% increase. As at 30 September 2024:

  • The median value for Houses in Cheltenham is $1,198,855 while the median value for Units is $686,091.
  • Houses have a median rent of $690 while Units have a median rent of $550.
There are currently 52 properties listed for sale, and 35 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 626 properties were sold in the past 12 months in Cheltenham.

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David Bancroft
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James Davie
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