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37 Park Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 266m2
Land area: 715m2
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BEYOND-PAR POTENTIAL

Zoned Commercial 2 on a tightly-held strip facing Victoria Golf Club, this multi-premises property adds up to Bayside's most flexible commercial opportunity. Comprising 3 separately-occupied warehouses, these high-profile premises represent a rare Bayside, Sandbelt commercial opportunity.
- Total floorspace of 266sqm* on 715sqm* land
**Premises 1: 100sqm*
- owner-occupied with potential for short-term rental
**Premises 2: 82sqm*
- owner-occupied with potential for short-term rental
**Premises 3: 84sqm*
- flexibly tenanted on overhold basis
- 2 crossovers with scope for semi-circle driveway access
- up to 4 car spaces on a front apron
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Property Details for 37 Park Rd, Cheltenham

Building Type
Commercial
Floor Size
266m2
Land Size
715m2

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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 14,664 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 51 properties listed for sale, and 35 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 624 properties were sold in the past 12 months in Cheltenham.

Suburb Insights for Cheltenham 3192

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Andrew Mclaren
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David Bancroft
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DBRE - Moorabbin
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.