SOLD
Sold on 13 May 2024 for $1,780,009

1 Brixton Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 8924m2
Land area: 3662m2
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Property Details for 1 Brixton Rd, Cheltenham

Building Type
Commercial
Floor Size
8924m2
Land Size
3662m2
Local Government
Bayside
Lot/Plan
14/LP129467

Last Listing description (October 2016)

Located in the Bayside, on the corner of Brixton and Wangara Roads, this outstanding property features the following:
BIG land area: 14,839m2 approx.
BIG frontage: 243.98m approx. (total)

BIG income: $711,085 p.a
BIG tenant: PACT Group
BIG building: 4 warehouses and offices, on 4 titles
BIG opportunity: Develop the lot
An architect's schematic is in the process of being finalised which demonstrates a commercial/ industrial business park which can be put onto the site; This is available upon request.
This property is tenanted by PACT Group with its lease expiring Sept 2017 (plus two 5 year options).
There are so many options to this collection of properties which could also be considered a big development site with income.
Click on the video icon and watch our quadcopter footage to fully appreciate the offering.
Brochure, Information Pack and Inspections are all available.
Contact:
MATT NICHOLS 0418 186 488
mattn@nicholscrowder.com.au
JAMES GLEN 0401 493 277
jamesg@nicholscrowder.com.au
NB: All information is approximate.

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Property History for 1 Brixton Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$1,780,009
13 May 2024
  • 13 May 2024
    Sold for $1,780,009
  • 20 Nov 2021
    Transferred
  • 24 Aug 2021
    Sold for $7,355,224
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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 14,770 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.
There are currently 57 properties listed for sale, and 42 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 617 properties were sold in the past 12 months in Cheltenham.

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