29/328 Reserve Road, Cheltenham, VIC 3192 | Commercial for sale | OnTheHouse
 
FOR SALE
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29/328 Reserve Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
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Floor area: 266m2
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Modern Two-Level Commercial Premises with Excellent Natural Light!
Offering ultimate flexibility, the property can be purchased with vacant possession or lease.
Comprising 266sqm* of internal area, the property features a welcoming double swing-door entry from the street leading into an expansive ground-floor showroom or open-plan workspace enhanced by large windows that draw in abundant natural light. A dedicated meeting room, understairs storage, staff amenities and kitchenette contribute to an efficient working environment.
The first floor continues the flexible layout with a generous open-plan workspace surrounded by large windows, creating a bright and comfortable setting for office, consulting or collaborative operations. Commercial heating and cooling throughout, an alarm system, fluorescent lighting, and a combination of timber-look flooring, carpet and tiled kitchenette flooring provide a practical fit-out ready for immediate
Property Features:
● 266sqm* internal building area across two levels
● Double swing-door street entry
● Expansive ground-floor showroom or open-plan workspace
● Large display windows providing abundant natural light
● Dedicated meeting room
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Property Details for 29/328 Reserve Rd, Cheltenham

Building Type
Commercial
Floor Size
266m2
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About Cheltenham 3192

The size of Cheltenham is approximately 10.6 square kilometres. There are 26 parks, covering nearly 19.1% of the total area. The population of Cheltenham in 2016 was 22291 people. By 2021 the population was 23992 showing a population growth of 7.6% in the area during that time. The predominant age group in Cheltenham is 30-39 years. Households in Cheltenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cheltenham work in a professional occupation.In 2021, 70.00% of the homes in Cheltenham were owner-occupied compared with 71.00% in 2016.

Cheltenham has 15,205 properties. Over the last 5 years, Houses in Cheltenham have seen a -5.85% decrease in median value, while Units have seen a 3.54% increase. As at 31 July 2026:

  • The median value for Houses in Cheltenham is $1,210,049 while the median value for Units is $715,290.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 64 properties listed for sale, and 39 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 625 properties were sold in the past 12 months in Cheltenham.

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Andrew Mclaren
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James Davie
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DBRE - Moorabbin
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