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SOLD

48 Station Road, CHELTENHAM, VIC 3192

Properties / Sold / Victoria / Cheltenham

Development Approved

1. Property Summary

Property Type

Commercial, Mixed Use

Land Area

648 m² (*approx)

Selling Method

Expressions of Interest: Closing Thursday 7th April 2022 at 2:00pm (AEST)

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2. Property Highlights

A PERMIT APPROVED BAYSIDE ACTIVITY CENTRE ZONED SITE WITH INCOME

Permit approved mixed-use development
Excellent income across two tenancies
Situated in Cheltenham activity centre

+A permit approved 648 square metre Activity Centre Zoned landholding with quality existing retail improvements with multiple income streams

+Existing planning permit for five (5) level mixed use project comprising total GFA of 2,288 square metres with an additional 339 square metres of commercial space

+High quality existing retail building of 880 square metres* with car parking across two levels leased to Government tenant ‘Family Life’ on the ground floor and popular Melbourne Taekwondo Centre with separate access on the first floor

+Immediate proximity to Cheltenham Train Station (300m*) and direct access to Nepean Highway and only 1km* to Westfield Southland Shopping Centre providing excellent surrounding retail amenity

+Favourable & flexible zoning in the heart of the Cheltenham activity centre with surrounding height precedent for additional levels on neighbouring projects and an area directly benefitting from enormous private and public infrastructure investment

*Approx.

For further information please contact the exclusive sales and marketing agents at CBRE:

Alex Brierley

+61 447 974 447

alex.brierley@cbre.com.au

David Minty

+61 422 564 199

david.minty@cbre.com.au

Nathan Mufale

+61 421 224 354

nathan.mufale@cbre.com.au

Jing Jun (JJ) Heng 王敬君

+61 411 059 116

jj.heng@cbre.com.au

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