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DESCRIPTION:MORTGAGEE SALE | PERMIT APPROVED 3\,246SQM SUPER SITE\nTeska Ca
 rson is delighted to offer 1234-1240 Nepean Highway\, Cheltenham as a Mort
 gagee Sale via Expressions of Interest closing on Thursday 12 November 202
 6 at 3pm.\n\nA rare opportunity to acquire a substantial landholding in on
 e of Melbourne's most sought-after bayside growth precincts. Situated with
 in the highly desirable Cheltenham Activity Centre\, the property offers s
 ignificant development upside\, flexible owner-occupier potential and valu
 able holding income opportunities.\n\nThe property comprises a combined si
 te area of 3\,246sqm* across four titles\, comprising of a two-level offic
 e building together with three single-level warehouse buildings. The prope
 rty is to be offered with vacant possession\, allowing immediate occupatio
 n\, refurbishment or redevelopment. \n\nAn existing Planning Permit has b
 een issued for an 11-level mixed-use development incorporating 116 residen
 ces plus commercial\, designed by Ewert Leaf Architects. \n\nKey Property
  Highlights\n• Significant 3\,246sqm* Activity Centre Zoned (ACZ) landho
 lding.\n\n• Four titles with extensive frontage to Nepean Highway and re
 ar access via Park Lane.\n\n• Existing two-level office and three wareho
 uses\, providing opportunity for buyers to sell down buildings\n\n• Offe
 red with vacant possession.\n\n• Existing permit approval for an 11-leve
 l mixed-use development comprising 116 apartments\, retail\, commercial an
 d childcare uses.\n\n• Activity Centre zoning supports high-density resi
 dential and mixed-use development outcomes.\n\n• 400m* from Cheltenham T
 rain Station and close to multiple bus routes.\n\n• Close proximity to W
 estfield Southland\, Charman Road and Station Road retail precincts\, park
 s\, golf clubs and major lifestyle amenities.\n\n• 1.5km* from the futur
 e Suburban Rail Loop Cheltenham Station.\n\nAn exceptional opportunity to 
 secure a landmark development site in a tightly held location\, with the b
 enefit of existing improvements\, vacant possession and a substantial appr
 oved mixed-use scheme. Opportunities of this scale and strategic positioni
 ng within the Cheltenham Activity Centre are increasingly rare. \n\nFor m
 ore information please don't hesitate to contact our listing agents.\n
DTEND:20261112T150000
DTSTAMP:20261014T161907Z
DTSTART:20261112T150000
SEQUENCE:0
SUMMARY:Expression Of Interest: 1234-1240 Nepean Highway\, Cheltenham VIC
UID:CRE-2021233899-EOI
X-ALT-DESC;FMTTYPE=text/html:<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2//EN"><html><head><t
 itle></title></head><body><P DIR=LTR>MORTGAGEE SALE | PERMIT APPROVED 3\,2
 46SQM SUPER SITE <br/> Teska Carson is delighted to offer 1234-1240 Nepean
  Highway\, Cheltenham as a Mortgagee Sale via Expressions of Interest clos
 ing on Thursday 12 November 2026 at 3pm. <br/>  <br/> A rare opportunity t
 o acquire a substantial landholding in one of Melbourne's most sought-afte
 r bayside growth precincts. Situated within the highly desirable Cheltenha
 m Activity Centre\, the property offers significant development upside\, f
 lexible owner-occupier potential and valuable holding income opportunities
 . <br/>  <br/> The property comprises a combined site area of 3\,246sqm* a
 cross four titles\, comprising of a two-level office building together wit
 h three single-level warehouse buildings. The property is to be offered wi
 th vacant possession\, allowing immediate occupation\, refurbishment or re
 development.  <br/>  <br/> An existing Planning Permit has been issued fo
 r an 11-level mixed-use development incorporating 116 residences plus comm
 ercial\, designed by Ewert Leaf Architects.  <br/>  <br/> Key Property Hi
 ghlights <br/> • Significant 3\,246sqm* Activity Centre Zoned (ACZ) land
 holding. <br/>  <br/> • Four titles with extensive frontage to Nepean Hi
 ghway and rear access via Park Lane. <br/>  <br/> • Existing two-level o
 ffice and three warehouses\, providing opportunity for buyers to sell down
  buildings <br/>  <br/> • Offered with vacant possession. <br/>  <br/> 
 • Existing permit approval for an 11-level mixed-use development compris
 ing 116 apartments\, retail\, commercial and childcare uses. <br/>  <br/> 
 • Activity Centre zoning supports high-density residential and mixed-use
  development outcomes. <br/>  <br/> • 400m* from Cheltenham Train Statio
 n and close to multiple bus routes. <br/>  <br/> • Close proximity to We
 stfield Southland\, Charman Road and Station Road retail precincts\, parks
 \, golf clubs and major lifestyle amenities. <br/>  <br/> • 1.5km* from 
 the future Suburban Rail Loop Cheltenham Station. <br/>  <br/> An exceptio
 nal opportunity to secure a landmark development site in a tightly held lo
 cation\, with the benefit of existing improvements\, vacant possession and
  a substantial approved mixed-use scheme. Opportunities of this scale and 
 strategic positioning within the Cheltenham Activity Centre are increasing
 ly rare.  <br/>  <br/> For more information please don't hesitate to cont
 act our listing agents. <br/> </P></body></html>
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