SOLD
Sold on 20 Dec 2023 for $925,000

21 Ambrose Avenue
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11494m2
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Property Details for 21 Ambrose Ave, Cheltenham

Building Type
Commercial
Land Size
11494m2
Local Government
Bayside
Lot/Plan
20/PS840540

Last Listing description (February 2023)

Be the first to take advantage of this new type of creative industrial space!

Just completed, BELROSE has been created by industrial leading developer, Riverlee, to maximize the workplace environment, allowing outstanding presentability for your business to thrive.

This 198sqm* brand new warehouse, with first floor office, is enviably located on Ambrose Street frontage, which includes 4 metre* height roller door and expansive windows creating a light-filled showroom and office warehouse space.

Enjoy arranging meetings at the outstanding new Short Straw Cafe, which will open soon at the entrance to the BELROSE development.

Key features include:

* Total building area; 198sqm*
* Warehouse area: 154sqm*
* First floor office: 44sqm*
* New type of creative industrial space
* Brand new kitchenette, toilet and shower facilities
* Airconditioning / heating in office
* Electric 4m* x 3.6m* roller door (RSD)
* Abundance of natural light throughout office
* Two (2) car spaces on title
* Three (3) phase power available
* Outstanding new Short Straw Cafe opening soon

Located in the heart of the Bayside Business District with great access to major arterials and excellent surrounding amenities, enjoy a huge range of cafes, gyms, golf courses and Westfield Southland.

Don't miss out on the innovative industrial opportunity. Available for viewing from 15th December 2022.

For further details and Information Memorandum, please contact:

James Glen 0401 493 277

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorised use is strictly prohibited.

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Property History for 21 Ambrose Ave, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$925,000
20 Dec 2023
  • 20 Dec 2023
    Sold for $925,000
  • 27 Oct 2022
    Listed for Rent - Price not available
  • 10 Feb 2021
    Sold for $700,000

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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 14,770 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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