SOLD
Sold on 13 May 2024 for $9,757,000

2 Brixton Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3686m2
Land area: 2307m2
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Property Details for 2 Brixton Rd, Cheltenham

Building Type
Commercial
Floor Size
3686m2
Land Size
2307m2
Local Government
Bayside
Lot/Plan
8/LP93162

Last Listing description (July 2015)

This quality investment property enjoys a corner position opposite Sandringham Driving Range and is located close to Aldi Supermarket, Gills Nursery and Fitness First.
The outstanding investment has the following key benefits for purchasers:
* 3 good quality industrial buildings

* 2 of the buildings have great office components
* Building area: 3,686m (approx.)
* Site area: 7,483m (approx.)
* Annual net rental of $379,401 p.a + GST and outgoings
* Lease expiry April 2022 (plus 5 year option)
* Multi - National tenant in Kwik Lok Corporation
* Amazing depth to frontage ratio
* Flexible Commercial 2 zone with height levels up to 4 levels (long term)
* Triple net lease - tenant pays all outgoings including the cost of any maintenance or repairs to the buildings during the term of the lease - This also includes land tax
When you consider the calibre of the tenant, lease term through to April 2022, corner position located in a developing mix use location, this is an impressive investment on all angles.
For further information please contact:
Matt Nichols - 0418 486 488 or mattn@nicholscrowder.com.au
James Glen - 0401 493 277 or jamesg@nicholscrowder.com.au
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.

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Property History for 2 Brixton Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$9,757,000
13 May 2024
  • 13 May 2024
    Sold for $9,757,000
  • 24 Aug 2021
    Sold for $2,348,212
  • 07 May 2015
    Listed for Sale Contact Agent

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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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