Five Prime Bayside Shops With Permit For 9-Level Project
Savills is delighted to offer for sale this exceptionally well-located corner property comprising 5 retail shops with significant upside located at 9-21 Station Road, Cheltenham. The property is surrounded by an abundance of high quality local amenity all within easy reach, and provides a fantastic opportunity for a multitude of development outcomes.
Key attributes of this fantastic opportunity are:
• High profile bayside landholding of 1,371sq m*
• Prominent frontage of 38 metres* to Station Road, plus side and rear access- Permit for a stunning 9-level mixed-use project
• Activity Centre Zone 1
• Valuable holding income of $109,380pa* (3 shops) with further rental potential from vacant shops (2 shops)
• Direct proximity to Cheltenham Station currently undergoing a major upgrade as part of the Victorian Government level crossing removal project
• Nearby Nepean Highway provides easy access to the CBD and Westfield Southland Shopping Centre
Sold
For further information please contact:
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888
Mark Stafford - 0404 401 053
Remember to mention you found this property on DevelopmentReady
