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

31-33 Wangara Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 9086m2
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Property Details for 31-33 Wangara Rd, Cheltenham

Building Type
Commercial
Land Size
9086m2
Local Government
Bayside
Lot/Plan
1/TP407873

Last Listing description (July 2023)

CBRE is excited to offer for lease, 31-33 Wangara Road, Cheltenham.

This property is extremely well located in the heart of Bayside's industrial precincts, situated just 16km* from the CBD and in proximity to affluent residential suburbs including Brighton, Sandringham & Beaumaris.


Property summary:
+ Office: 220sqm* or 713sqm*
+ Warehouse: 3,521sqm*
+ Total building area: 3,741sqm*
+ Land: 9,178sqm*
+ Corporate style offices
+ 6 Roller shutter doors
+ Above average power supply
+ Rear yard

For further information or to arrange an inspection, please contact CBRE's Lachlan Ferguson & Ned Murphy. All inspections must be booked in advance.

*Approx.

Property History for 31-33 Wangara Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$1,780,009
13 May 2024
Listed for Rent
$350k/w
18 Jul 2023
  • 13 May 2024
    Sold for $1,780,009
  • 28 Sep 2022
    Listed for Rent - Price not available
  • 25 Feb 2022
    Listed for Rent - Price not available
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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 14,772 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 54 properties listed for sale, and 37 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 616 properties were sold in the past 12 months in Cheltenham.

Suburb Insights for Cheltenham 3192

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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.