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Sold on 16 Dec 2016

393-397 Bay Road Cheltenham VIC 3192

  • Development / Land
  • 2,590 m²
  • Sold

MASSIVE LANDHOLDING WITH SCHEME FOR 20 TOWN RESIDENCES

  • Prime Bayside Scheme for 20 Townhouses
  • Significant investment opportunity
  • Holding Income of $135,492P.A*

SOLD

+ Three (3) separate title allotments comprising nine (9) residential dwellings with strong holding income of $135,492p.a.

+ Outstanding exposure with multiple street frontages of 54m* to bay road and 20.5m* to royalty avenue providing for flexibility for building design and access points

+ Would ideally suit townhouse / apartment / child care development (stca)

+ An amazing lifestyle location within easy walking distance to Southland Shopping Centre (250m*) one of Australia's largest shopping centres (David Jones, Myer, Apple, Village Cinemas), 800m* to Highett Road retail strip and railway station, and 3.5km* to Sandringham beach, retail, cafe & lifestyle precinct

+ Surrounded by an abundance of Parklands, lifestyle attractions including royal Melbourne golf course (ranked no. 7 in the world); secondary & tertiary education facilities including Brighton Grammar and Haileybury College and Monash & Deakin Universities

+ Excellent public transport infrastructure with new Southland railway station (approx. 300m away) to open in 2017

+ A blue-chip location in the heart of the coveted South Eastern corridor only 15km* south east from Melbourne's CBD

For sale via public on-site auction Friday December 16th at 12.30pm

The property will be open for inspection on:

+ Thursday 8th December at 1.30pm

For more information please contact the CBRE Victorian development sites team:

Julian White
+61 422 764 137

David Minty
+61 422 564 199

Carl Hexter
+61 409 411 507

*approx

David Minty
CBRE Melbourne
David Minty
CBRE Melbourne
Carl Hexter
CBRE Melbourne
Carl Hexter
CBRE Melbourne

Property Highlights

Property ID2013218199
Date Sold16 Dec 2016
Floor AreaAsk Agent
Land Area2,590 m²
ParkingOn site parking available
Category
Last updated  11 Nov 2020
Map for 393-397 Bay Road Cheltenham VIC 3192
Map for 393-397 Bay Road Cheltenham VIC 3192393-397 Bay Road Cheltenham VIC 3192
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

David Minty
CBRE Melbourne
David Minty
CBRE Melbourne
Carl Hexter
CBRE Melbourne
Carl Hexter
CBRE Melbourne

Property Highlights

Property ID2013218199
Date Sold16 Dec 2016
Floor AreaAsk Agent
Land Area2,590 m²
ParkingOn site parking available
Category
Last updated  11 Nov 2020
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000
David Minty
CBRE Melbourne
David Minty
CBRE Melbourne
Carl Hexter
CBRE Melbourne
Carl Hexter
CBRE Melbourne

Ask David Minty about this property

David Minty

David Minty

CBRE Melbourne

Carl Hexter

Carl Hexter

CBRE Melbourne

+61 *** ***
+61 422 564 199

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