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
Improve this data
Share
Save

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.

Show More

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

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 14,704 properties.

    There are currently 47 properties listed for sale, and 30 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 638 properties were sold in the past 12 months in Cheltenham.

    Cheltenham Profile Page

    Suburb Insights for Cheltenham 3192

    Visit Cheltenham profile page
    Market Insights
    Trends for Houses
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend
    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Trends for Units
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend
    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Neighbourhood Insights
    Age
    Household
    Occupancy
    No data to show
    Visit Cheltenham profile page
    CoreLogic Copyright and Legal Disclaimers about Property Data

    © Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

    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.

    This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

    X

    GETTING STARTED