High Profile Retail Investment

Auction - 340-342 Charman Road, CHELTENHAM, VIC 3192

Investment (Retail)

Overview

Property ID: 15479
Price: Contact Agent
Rent: $77,706 (ex. GST)
Building: 253m²
Land: 404m²
Zoning: Activity Centre Zone 1 (ACZ1)
Auction
05/06/2019 12:00 PM
Add to Calendar 05/06/2019 12:00 PM 05/06/2019 12:00 PM Australia/Melbourne Auction - 340-342 Charman Road, CHELTENHAM, VIC 3192 High Profile Retail Investment Daniel Philip daniel.philip@cva.melbourne false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960

Description

Prominently positioned on Charman Road this property features an impressive 12 metre* frontage providing tremendous exposure and presence to the busy retail precinct.

Leased to two well established and long standing tenants Jins Flowers and Cafe In D'imand returning a total rental of $77,706.00 per annum (increase to $79,331.00 from 1st July 2019) with current improvements comprising two separate ground floor retail components with a first floor dwelling above lot 340 which can provide future rental growth.

This high profile Investment is situated on a land area of 404m2* with ROW and further enhanced by a favorable Activity Centre Zoning which will provide for valuable upside with future re-development for a multi level mixed use development (STCA).

Key Investments Summary:

340 Charman Road, Cheltenham:
- Tenant: Cafe In D'imand
- Rental: $40,626.00 p.a net
- Term: Five (5) years
- Commencement: 1st July 2018
- Options: Two (2) further terms of five (5)
- Increases: Annual 4%

342 Charman Road, Cheltenham:
- Tenant: Jins Flowers
- Rental: $37,080.00 p.a net
- Term: Five (5) years
- Commencement: 1st October 2017
- Options: One (1) further term of five (5)
- Increases: Annual 4%

CVA Property Consultants are please to offer 340-342 Charman Road, Cheltenham for Sale via Public Auction on Wednesday 5th June 2019 at 12pm.

Please contact CVA for further details.

*Approx
Pricing excludes GST.

Plans & Documents

Additional Info

Features
Occupancy Tenanted: Jins Flower and Garden and Cafe In D'imand
Lease Term Five (5) years
Rent Review TBC
Commenced 340: 1st July 2018 / 342: 31st Oct 2017
Bonds / Guarantees N/A
Car Spaces Onsite
Car Parking Fees N/A
Outgoings
Outgoings Payable Payable by tenant per lease

Agent Details

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