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 via Public Auction on Friday 5th April 2019 at 12pm on-site.
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.
Pricing excludes any GST.