SOLD
Sold on 06 Feb 2024 for $230,450

6/75 Tulip Street
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1624m2
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Property Details for 6/75 Tulip St, Cheltenham

Building Type
Commercial
Land Size
1624m2
Local Government
Bayside
Lot/Plan
G06/PS549486

Last Listing description (April 2019)

Tulip Green Business Centre is a landmark building for business in Bayside. This is an ideal opportunity to invest in this highly sought after office complex.
Located on the ground floor with a lovely courtyard aspect, Suite G06 offers 49sqm* of modern office space, which has just been assigned a brand new three (3) year lease.
Ticking all the boxes for investors, this is property is ideal for investors. Key attributes include:

* Brand new (3) year lease to York Accounting
* Net rental: $15,000 p.a
* Tenant pays all outgoings (except land tax)
* Fixed annual increases of 3% and market review at option
* Lease commencement date: June 2018
* Tenant has two (1) further option of three (3) years
* Ground floor office: 49sqm * plus one (1) car space on title
* High quality office building, which traditionally has a very low vacancy rate
* Common kitchenette and bathroom amenities on all floors
* Excellent client parking
* Self controlled air conditioning and heating
* Common boardroom with 6 person table
* Roof top terrace with city views
* Close to new cafes and Westfield Southland
The location is second to none. Surrounded by amazing amenities including, childcare, gyms, cafes, golf courses, supermarkets and close to schools, Westfield Soutland and the new Southland train station, this property will make a brilliant investment well into the future.
For further information, enquiries and inspections, please contact:
JULIAN VAUTIN - 0420 406 660
ALLAN BRODIE - 0419 261 138
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated. All images are subject to copyright.

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Property History for 6/75 Tulip St, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$230,450
06 Feb 2024
  • 06 Feb 2024
    Sold for $230,450
  • 05 Apr 2019
    Sold for $255,000
  • 05 Apr 2019
    Sold for $255,000
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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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