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Sold on 14 Dec 2023 - Price Unavailable

129 Herald Street
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1050m2
Land area: 1250m2
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Property Details for 129 Herald St, Cheltenham

Building Type
Commercial
Floor Size
1050m2
Land Size
1250m2
Local Government
Kingston
Lot/Plan
3/PS330286

Last Listing description (December 2023)

Wide on frontage, high on presence and huge on space, this is the place to take your next big step! Offering a well-balanced blend of high-profile showroom, office, and warehouse space, this substantial 1050sqm* complex has the space you need today, room to grow tomorrow and scope to tailor to changing needs along the way.

- well-presented office-warehouse totalling 1050sqm*

- rare 1240sqm* Cheltenham-addressed commercial land

- 175sqm* front-of-house

- 5 partitioned offices
- showroom area with full-height street front windows
- carpeted reception/open-plan office area
- good back-of-house workspaces and facilities
- up to 4 individual office areas plus storeroom

- 630sqm* open-span warehouse space
- 2 roller-door entries (from side lane and rear carpark)
- separate WC and shower facilities to front and back

- 2 car spaces to front, multiple car spaces in shared lot behind
- one block from Warrigal Rd
- around the corner from Keys Rd’s specialist retailers
- minutes to Southland’s eateries and shopping
- minutes from the Bayside suburbs
- at the gateway to the Dingley By-Pass
- on-going access to the Peninsula Freeway and Eastlink

- approx. 35 minutes to the CBD via Warrigal Rd and the M1

Find the perfect balance of office and warehouse space. Move right in and get straight to work. Build profile in a high traffic just-beyond-Bayside position. Grow business in premises that can grow with you.

*NB All prices exclude GST unless otherwise stated and all sizes are approximate.

The core focus of DBRE is industrial, commercial and retail property.

Between us we offer over 85 years experience in the commercial and industrial property markets with intricate knowledge of Melbourne's south east corridor.

Please feel free to contact us to discuss your commercial property needs.

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Property History for 129 Herald St, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
14 Dec 2023
  • 25 Nov 2023
    Sold for $2,227,500
  • 24 Jul 2023
    Listed for Sale Contact Agents
  • 03 Mar 1999
    Sold for $540,000
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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 14,769 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 56 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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James Davie
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David Bancroft
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DBRE - Moorabbin
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