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344-348 Charman Road Cheltenham VIC 3192

  • Other
  • Floor Size459 m²
  • PriceFor Sale, Contact Agent

Landmark Development or Investment Opportunity

An outstanding opportunity to secure this landmark property on the corner of Charman Road and Park Road in the heart of the Cheltenham Activity Centre is available for sale.

The property features:
- Land area: 781m2*
- Building area: 459m2*
- Activity Centre Zone 1
- 3 street frontages including R.O.W
- Current lease to Commonwealth Bank of Australia
- Gross rental return of $201,880p.a.*

The property is ideally located on a prime corner surrounded by major retailers and boutique shops with Cheltenham Train Station just 100 metres away. 

The Cheltenham Activity Centre is undergoing extensive change with multiple high density developments in the immediate vicinity of the property and additional developments currently in the planning phase.

The property would suit developers looking to begin immediately or investors looking for a medium-long term landbank opportunity with income.

*Approx
Pricing excludes any GST.

Property Highlights

Property ID2014994251
Floor Area459 m²
Land Area781 m²
Parking12 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  6 Jun 2019
Map for 344-348 Charman Road Cheltenham VIC 3192
CVA Property Consultants Pty Ltd
18-20 Russell Street Melbourne VIC 3000

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