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SOLD

344-348 Charman Road, CHELTENHAM, VIC 3192

Properties / Sold / Victoria / Cheltenham

Development Potential

1. Property Summary

Property Type

Child/Healthcare, Residential

Land Area

781 m² (*approx)

Selling Method

Contact Agent:

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2. Property Highlights

LANDMARK DEVELOPMENT OR AN INVESTMENT OPPORTUNITY YOU CAN BANK ON!

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.