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147-149 & 153 Park Road, Cheltenham, VIC 3192

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147-149 & 153 Park Road, Cheltenham, VIC 3192

Cheltenham

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147-149 & 153 Park Road, Cheltenham, VIC 3192
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147-149 & 153 Park Road, Cheltenham, VIC 3192

147-149 & 153 Park Road, Cheltenham, VIC 3192

Properties / Buy / Victoria / Cheltenham
Development Potential
Property Type
Commercial, Health/Medical
Sub Type
Retail/Shopping Centre
Land Area
427 m² (*approx)
Zoning
Activity Centre
LGA
Bayside City Council
Selling Method
EOI: Contact Agents
DOCUMENTS AVAILABLE
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EOI Closing Date
26 Aug 2026 02:00PM
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ULTRA-RARE OPPORTUNITY WITHIN CHELTENHAM ACTIVITY CENTRE
  • Two (2) Activity Centre Land Parcels
  • Combined Site Area of 1,972sqm*
  • Suits Investors, Occupiers & Developers

Fitzroys is delighted to offer a rare opportunity to secure 2 land parcels within the heart of the Cheltenham commercial and lifestyle precinct for sale via Expressions of Interest closing Wednesday 26th August at 2pm.

Key attributes include:

- Ultra-rare opportunity to secure 2 major land parcels within the thriving Cheltenham Activity Centre

- 147-149 Park Road- High profile corner site of 1,317sqm*

- 153 Park Road – Extensive landholding of 655sqm*

- Offered separately or in "one line"

- Leased until 2029 with no further options to Australia's largest independent funeral company ‘Tobin Brothers’

- Suiting a range of buyer profiles including investors, occupiers, developers and value-add prosects (STPA)

- Improvements consist of 427sqm* single level building with dual access points + associated car parking at 153 Park Road

- Returning $212,328* per annum + GST and outgoings

- Favourable Activity Centre Zoning promoting a range of future development outcomes (STPA)

- Situated directly across from the recently revamped Cheltenham Train Station as well as the Charman Road shopping precinct

- Excellent surrounding lifestyle and recreational amenity including Southland Shopping Centre, Victoria and Royal Melbourne Golf Courses, Cheltenham Park and more

- Ultimate opportunity to unlock the huge upside of 2 underutilised land parcels within a growing south-east commercial and lifestyle precinct

For further information or an inspection, please contact Fitzroys selling agents David Bourke and Tom Fisher.

*Approx.

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential

147-149 & 153 Park Road Development Site Summary

Property Type
Commercial, Health/Medical
Sub-type
Retail/Shopping Centre
Land Area
427 m² (*approx)
Zoning
Activity Centre
LGA
Bayside City Council
Selling method
EOI: Contact Agents
DOCUMENTS AVAILABLE
Gain Access
EOI Closing Date
26 Aug 2026 02:00PM
Add to calendar

Development Site Highlights

ULTRA-RARE OPPORTUNITY WITHIN CHELTENHAM ACTIVITY CENTRE
  • Two (2) Activity Centre Land Parcels
  • Combined Site Area of 1,972sqm*
  • Suits Investors, Occupiers & Developers

Fitzroys is delighted to offer a rare opportunity to secure 2 land parcels within the heart of the Cheltenham commercial and lifestyle precinct for sale via Expressions of Interest closing Wednesday 26th August at 2pm.

Key attributes include:

- Ultra-rare opportunity to secure 2 major land parcels within the thriving Cheltenham Activity Centre

- 147-149 Park Road- High profile corner site of 1,317sqm*

- 153 Park Road – Extensive landholding of 655sqm*

- Offered separately or in "one line"

- Leased until 2029 with no further options to Australia's largest independent funeral company ‘Tobin Brothers’

- Suiting a range of buyer profiles including investors, occupiers, developers and value-add prosects (STPA)

- Improvements consist of 427sqm* single level building with dual access points + associated car parking at 153 Park Road

- Returning $212,328* per annum + GST and outgoings

- Favourable Activity Centre Zoning promoting a range of future development outcomes (STPA)

- Situated directly across from the recently revamped Cheltenham Train Station as well as the Charman Road shopping precinct

- Excellent surrounding lifestyle and recreational amenity including Southland Shopping Centre, Victoria and Royal Melbourne Golf Courses, Cheltenham Park and more

- Ultimate opportunity to unlock the huge upside of 2 underutilised land parcels within a growing south-east commercial and lifestyle precinct

For further information or an inspection, please contact Fitzroys selling agents David Bourke and Tom Fisher.

*Approx.

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential
Tom Fisher
Tom Fisher
+61 *** *** *** show +61 417 980 824
Message Message
+61 417 980 824 [email protected] Message
David Bourke
David Bourke
+61 *** *** *** show +61 407 705 755
Message Message
+61 407 705 755 [email protected] Message
Access Dataroom
Tom Fisher
Tom Fisher
+61 *** *** *** show +61 417 980 824
Message Message
+61 417 980 824 [email protected] Message
David Bourke
David Bourke
+61 *** *** *** show +61 407 705 755
Message Message
+61 407 705 755 [email protected] Message

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147-149 & 153 Park Road, Cheltenham, VIC 3192

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Property Location of 147-149 & 153 Park Road, Cheltenham, VIC 3192

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Development Opportunity
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147-149 & 153 Park Road, Cheltenham, VIC 3192 Cheltenham
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Fitzroys
Fitzroys
Level 27, 360 Collins Street, Melbourne, VIC, 3000
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Tom Fisher
Tom Fisher
+61 *** *** *** show +61 417 980 824
David Bourke
David Bourke
+61 *** *** *** show +61 407 705 755
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