1/278 Charman RoadCheltenham VIC 3192
Property Details for 1/278 Charman Rd, Cheltenham
Last Listing description (November 2023)
Attention all investors looking for a fantastic income stream opportunity, this rare sale of 2 retail shops is via Expressions of Interest closing Thursday 30st November 2023 at 2:00 pm.
GA Industrial & Commercial is pleased to offer for sale this exquisite, fully renovated, long term investment opportunity in bustling Charman Rd Shopping Village; close to all shops and amenities, in immediate proximity to Cheltenham residential neighbourhood, at the ground floor of this erudite residential establishment.
Currently occupied by the popular franchise EVADO STUDIOS ( SOUTHERN) who offers a range of fitness services including Physiotherapy, Pilates, Fitness Classes, Personal Training, and have a thriving business supported by the local community and surrounding catchments.
The Australian health and fitness industry generates $8.5 billion of revenue annually.
On offer, 2 shops on separate titles, leased by one tenant, both retail premises are offered for sale as one.
Don't miss the opportunity to secure the purchase of this brilliantly positioned property, with the bus stop at the door and Cheltenham train station approximately 100m away, generating a huge exposure to daily pedestrian traffic.
Key Property Features :
Shop 1 is 113 sqm approx. and 2 car parks on title
Shop 2 is 129 sqm approx. and 2 carparks on title
Over 4 years left on the first term
2 further terms of 5 years each
Current NET rental income of $79,200
Tenant pays 100% outgoings
6 months Bank Guarantee
Register your interest now!
GA Industrial are the exclusively appointed agents. Please contact Gabriela Ammendola to obtain the Information memorandum, Contract of Sale or book an inspection. Weekends and after hours available.
Property History for 1/278 Charman Rd, Cheltenham, VIC 3192
- 26 Jan 2024Sold for $1,300,000
- 20 Nov 2023Listed for Sale Contact Agent
- 03 Dec 2021Listed for Rent - Price not available
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0About 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 14,775 properties. Over the last 5 years, Houses in Cheltenham have seen a 14.37% increase in median value, while Units have seen a 13.72% increase. As at 31 October 2024:
- The median value for Houses in Cheltenham is $1,171,721 while the median value for Units is $695,183.
- Houses have a median rent of $700 while Units have a median rent of $550.
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