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Sold on 2 Dec 2021

86 Chesterville Road Cheltenham VIC 3192

  • Shop & Retail
  • 136 m²
  • Sold, $615,000

CORNER THE MARKET !

    ** 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.

    AUCTION

    Auction date and time02/12/2021 12:00
    Auction location86 Chesterville Road, Cheltenham VIC
    Dean Marshall
    Chisholm & Gamon Elwood
    Dean Marshall
    Chisholm & Gamon Elwood
    Torsten Kasper
    Chisholm & Gamon Elwood
    Torsten Kasper
    Chisholm & Gamon Elwood

    Property Highlights

    Property ID2017391625
    Date Sold2 Dec 2021
    Sold Price$615,000
    Floor Area136 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Category
    Last updated  8 Nov 2021
    Map for 86 Chesterville Road Cheltenham VIC 3192
    Dean Marshall
    Chisholm & Gamon Elwood
    Dean Marshall
    Chisholm & Gamon Elwood
    Torsten Kasper
    Chisholm & Gamon Elwood
    Torsten Kasper
    Chisholm & Gamon Elwood

    Property Highlights

    Property ID2017391625
    Date Sold2 Dec 2021
    Sold Price$615,000
    Floor Area136 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Category
    Last updated  8 Nov 2021
    90 Ormond Road Elwood VIC 3184
    Dean Marshall
    Dean Marshall
    Chisholm & Gamon Elwood
    Torsten Kasper
    Torsten Kasper
    Chisholm & Gamon Elwood

    Dean Marshall

    Chisholm & Gamon Elwood

    Torsten Kasper

    Chisholm & Gamon Elwood

    0403 *** ***
    0403 717 153

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