PRIME RETAIL INVESTMENT IN CHELTENHAM'S THRIVING HUB

Located in the bayside suburb of Cheltenham and being well connected to public transport, great coffee options and a local IGA supermarket, this fully leased shop and dwelling is the ideal investment for any investor seeking a healthy return with secure tenancies.

The property features two new leases and a total passing rental at $59,000 per annum (approx). The retail tenant (Robertson Conveyancing) loves the building, having first signed a lease in 2019 and has just extended their lease through to 2029. A residential tenant has just signed a new 12 month lease which will commence 4 July 2025.

Key features include:

~ 3-bedroom residence + ground floor retail shop - each separately accessed and separately leased
~ High quality, renovated building over two levels
~ Ground floor shop tenant (Robertson Conveyancing) has just extended lease for 4 more years including option
~ New 12 month residential tenancy for the townhouse at $3,020 per month
~ The townhouse provides spacious accommodation, plus rear courtyard, garage and onsite car parking
~ Activity Centre zoning allowing for future development (STCA)
~ Site area of 237sqm (approx) with rear access

Location benefits:

* Located near the bustling Charman Road retail strip, home to 140 businesses
* Close to national tenants: Chemist Warehouse, Bakers Delight, Subway, and Domino's Pizza
* Excellent connectivity to Nepean Highway, Southland Shopping Centre, and public transport
* High population growth area with approximately 24,000 residents (2021 Census)
* Recently upgraded Cheltenham Train Station & three-level car park
* Strong demand for apartment living due to nearby developments

PRIVATE SALE
Inspections by appointment only


Click here for the Consumer Affairs Victoria Due Diligence Checklist for Home Buyers