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160 Weatherall Road, Cheltenham VIC 3192

  • Retail
  • Floor Size141 m²
  • PriceFor Sale, $975,000

Mixed Use Development or Occupy/Invest! $975,000 Price Range

CVA Property Consultants are proud to present 160 Weatherall Road, Cheltenham for immediate private sale



This outstanding property provides the successful purchaser with multiple options for commercial/residential development, owner occupation or invest and enjoy a return with future development upside.



Owner Occupy Or Invest!

This 141m2* versatile property comprises a 44m2 retail premises on Weatherall Road's retail strip currently leased until March 2019 for $20,600 per annum net and a refurbished two bedroom residence at its rear with kitchen, bathroom, living area and rear yard currently leased month to month to a residential tenant for $23,348.04 per annum. A total combined rental off $43,948.04 per annum.



Develop or Land bank! A View Over The Parkland:

With a 215m2* land size the property benefits from a 6 metre* frontage to Weatherall Road that overlooks Cheltenham Recreation Reserve, 35 metres* in length to a rear alley way that is serviced by both McNamara Street and Parkside Street and provides endless possibilities given its Mixed-Use Zoning and exposure including ground floor retail/office and multi-level apartments (STCA).



Key Features include:

- Flexible property with retail and residence of 141m2*

- 44m2 retail premises on Weatherall Road with disabled bathroom & kitchenette

- 2 bedroom refurbished residence at it's rear & currently leased month to month

- Mix Use Zoning (MUZ) for future development (STCA)

- Looks over Cheltenham Recreation Reserve

- In one of Cheltenham's bustling local retail strips



Location, Location!

The subject property is conveniently located on Weatherall Road in Cheltenham's local retail strip opposite Cheltenham Reserve. The site is further enhanced by its close proximity to Cheltenham Train Station (950 metres*), Beaumaris North Primary School (1.7 kms*), Beaumaris Primary School (2.5kms*), Cheltenham Primary School (750m*) and MCC sponsored Beaumaris Secondary College (2.2kms*). Also enhancing this position is the Charman Road retail precinct 900 metres* away and Royal Melbourne, Sandringham and Victoria Golf Clubs & parkland surrounding this location.



*approx

Property Highlights

Property ID2014783141
Floor Area141 m²
Land Area215 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  17 Apr 2019
Map for 160 Weatherall Road, Cheltenham VIC 3192
CVA Property Consultants Pty Ltd
18-20 Russell Street Melbourne VIC 3000

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