** In line with current Government restrictions, we advise open for inspections are open to fully vaccinated patrons only. Density quotients will apply. Should you not be fully vaccinated we can assist with a private inspection appointment. Please contact the Agent for further information should you wish to arrange a private appointment **
Chisholm and Gamon Property is delighted to offer an exceptional opportunity to acquire a Rare Corner Freehold ( Cnr Keamy Street ) featuring 2 allotments to be sold as one located within the south-eastern growth corridor in one of Melbourne's most rapidly rising suburbs.
This Retail strip provides fantastic exposure to Chesterville Rd and set amongst other long standing businesses including Celebrations Liquor store and the family owned Majic Pizza and Pasta.
Westfield Southland is meters away with close proximately to Cheltenham station and easy access
to Nepean Hwy and the CBD, this is an excellent opportunity to add to your portfolio.
Investment Summary
- 86 Chesterville Rd Cheltenham,
- Tenant : Deep See Fish
- Building area: 68m2 approx.
- Rent - $ $ 29,167.80 p.a (Exc GST ) as at 20/2/22
- Lease expire 19/9/25
- Further term NIL
- CPI annual adjustments years 2 to 5
- 88 Chesterville Rd Cheltenham:
- Tenant : Drip Café
- Building area:- 68 m2 approx. with external outside dining area.
- Rent - $ 29,564.40 ( Exc GST )
- Lease expire 20/10/22
- Further term 4 Years & 8 Months
- To Market Value year 1 of further term
- 3.5 % increases during the lease term
Key Attributes on this fantastic opportunity: -
- Two titles -with Two tenancies providing dual rental income
- Total rental $ 58,732.20 ( ex GST ) as at 20/2/22.
- Total Land 371 sqm. approx.
- Impressive 12 Meter approx. frontage to Chesterville Rd
- Extensive exposure to Keamy Avenue
- Rear access via Chesterville Lane
- Flexible commercial 1 Zoned landholding - City of Kingston.
- Valuable future development Potential (STCA)
- Sale is not subject to GST
Inspection times
Thursday 18 November 2pm- 2.30pm
Thursday 25 November 2pm- 2.30pm
The property is open at 11.30am, prior to Auction
For Sale by Public Auction on Thursday 2 December at 12pm onsite.
NB: All areas and measurements are approximate only.
