Landmark Development or Investment Opportunity You Can Bank On!

For Sale - 344-348 Charman Road, CHELTENHAM, VIC 3192

Development/Land (Residential, Retail, Offices, Hotel/Leisure, Medical, Service station & Fast food), Investment (Retail, Offices), Retail

Overview

Property ID: 15358
Price: Contact Agent
Rent: $201,880 (ex. GST)
Building: 459m²
Land: 781m²
Zoning: Activity Centre Zone 1

Description


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.

Plans & Documents

Additional Info

Features
Age N/A
Condition Very good
Occupancy Tenanted: Commonwealth Bank of Australia
Suitable Development Residential, Retail
Permits Issued Nil
Availability Immediate
Lease Term Two (2) years
Rent Review Market review biannually
Commenced 21st May 2018
Bonds / Guarantees N/A
Car Spaces 12 on site
Car Parking Fees Nil
Height 3m approx
Roller Doors No
Air Conditioning Yes, throughout
Floors Concrete/Carpet
Sprinklers No
Wheelchair N/A
Lifts No
Outgoings
Outgoings Payable By the Landlord
Water Rates $1,016p.a.
Owners Corp. / Insurance N/A
Other Charges N/A
Council Rates $6,795.63p.a.
Land Tax $23,025p.a.

Agent Details

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