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322-324 Charman Road
Cheltenham VIC 3192
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Sold on 30 Nov 2022

322-324 Charman Road Cheltenham VIC 3192

  • Shop & Retail
  • 650 m²
  • Sold

Bayside Corner Investment Anchored by Established Pharmacy

    AUCTION WEDNESDAY 30TH NOVEMBER AT 12NOON ON SITE

    This huge corner profile investment really comes close to the perfect trophy asset to add to your property portfolio.

    A once in a generation retail investment opportunity, it is easy to see why it ticks the boxes in one of Bayside's booming and highly populated suburbs.

    Anchored by Charman Road Pharmacy, the tenants are all well-established within this impressive building and will provide the lucky purchaser a long term and secure investment

    Key features include:

    TENANTS
    * Three (3) separate tenancies
    * Two (2) office tenants on the first floor and Charman Road Pharmacy on ground floor
    * Total net rental: $168,734 p.a + GST + Outgoings
    * Charman Road Pharmacy rental: $108,868 p.a
    * Pharmacy lease term expiry: January 2028 + options
    * Office suites total rent: $59,866 p.a + outgoings
    * Lease term expiry (office suites): June/July 2024 + options
    * A tenancy schedule is available upon request

    BUILDING
    * Impressive two (2) level freestanding corner building: 650sqm*
    * Male & female toilets on both levels
    * Car parking at rear providing five (5) car spaces
    * Rear door, ideal for unloading deliveries
    * Suit a variety of different tenants (long term)

    LAND
    * Favourable Activity Centre (ACZ1) zoning
    * Huge landholding: 401sqm*
    * Incredible street frontage of 47m*
    * Future residential development upside (STCA)

    For further details or to arrange an inspection please contact:

    James Glen 0401 493 277
    Matt Nichols 0418 186 488

    OPEN FOR INSPECTION TIMES

    Tuesday 8th November: 1:00pm -1:30pm
    Friday 11th November: 12.00pm - 12.30pm
    Tuesday 15th November: 1:00pm -1:30pm
    Tuesday 22nd November: 1:00pm -1:30pm

    PLEASE NOTE:

    * Inspections are carried out in accordance with strict Covid-19 Protocols. For further details contact the Estate Agent.

    * All information and measurements are approximates. All images subject to copyright. Unauthorized use is strictly prohibited.

    AUCTION

    Auction date and time30/11/2022 12:00
    Auction location322-324 Charman Road, Cheltenham VIC

    Property Highlights

    Date Sold30 Nov 2022
    Floor Area650 m²
    Land Area401 m²
    ParkingAsk Agent
    Property ID2018169858
    Category
    Last updated  30 Nov 2022
    Map for 322-324 Charman Road Cheltenham VIC 3192

    Property Highlights

    Date Sold30 Nov 2022
    Floor Area650 m²
    Land Area401 m²
    ParkingAsk Agent
    Property ID2018169858
    Category
    Last updated  30 Nov 2022

    Co-Agents

    James Glen
    James Glen
    Nichols Crowder Property Moorabbin
    Call
    0401 493 277
    Matt Nichols
    Matt Nichols
    Nichols Crowder Property Moorabbin
    Call
    0418 186 488

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