160 Weatherall Road, Cheltenham VIC 3192
- 141 m²
- For 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
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.
|Floor Area||141 m²|
|Land Area||215 m²|
|Parking||On site parking available|
|Annual Return||Ask Agent|
|Last updated||17 Apr 2019|