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Sold on 1 Dec 2016

289 Charman Road Cheltenham VIC 3192

  • Retail
  • 75 m²
  • Sold

Retail Investment with Future Development Upside

This retail investment is located in the heart of Cheltenham's Charman Road shopping strip. Being only 150m* to Cheltenham Train Station provides high passing trade. Currently leased to Gold Star Nails & Spa and located within close range of an array of restaurants, cafes, shops, super markets and banks, close proximity to Westfield Southland, Cheltenham Train Station and Nepean Highway.
Building facilities include the main shop area, treatment room, kitchen area and a rear yard toilet, along with a single garage with dual access and two further parking spaces.

Key Property features include:-

• Lease renewed for 3 years on 21st Feb 2016 with two further terms of 3 years
• Rent $26,225.45* per annum plus outgoings
• Rent increases 3% per annum
• Building Area 75sqm*
• Land area 149sqm*
• Activity Centre Zoning 1 (ACZ1)
• Future development upside (STCA)
• 3 Car parking spaces
• Prominent position within busy shopping district

Contact Paul Waterhouse or Stefanie Taylor for more information.

Property Highlights

Property ID2013190483
Date Sold1 Dec 2016
Floor Area75 m²
Land Area149 m²
ParkingAsk Agent
Category
Last updated  2 Dec 2016
Map for 289 Charman Road Cheltenham VIC 3192
Ray White Ferntree Gully
Unit 5/1849 Ferntree Gully Road Ferntree Gully VIC 3156

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