4 Railway Road, Cheltenham, VIC 3192 | Commercial for sale | OnTheHouse
 
FOR SALE
$875,000 - $945,000

4 Railway Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 134m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

High-Exposure Retail with Strong Returning Income

Positioned in a thriving Cheltenham precinct with excellent exposure and steady foot traffic, 4 Railway Road presents an outstanding commercial investment opportunity with immediate returns.
This well-presented retail premises, currently operating as a successful hair salon, offers approximately 134sqm of internal floor area, thoughtfully configured to support a high-performing business environment. The property is securely leased for five (5) years commencing 3 August 2023, delivering strong and reliable income from an established tenant.
Returning $46,361.25 per annum plus GST and outgoings, the lease also benefits from fixed annual rental increases of 3% each August, ensuring consistent growth and long-term income security.
With its prominent street frontage and established tenancy, this is an ideal addition to any commercial portfolio. Surrounded by a mix of retail, hospitality and service-based businesses, the location continues to demonstrate strong demand and ongoing growth potential.
A smart, set-and-forget investment in one of Cheltenham's most tightly held commercial pockets.

Property Details for 4 Railway Rd, Cheltenham

Building Type
Commercial
Floor Size
134m2
Commute Calculator

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 15,162 properties. Over the last 5 years, Houses in Cheltenham have seen a 9.78% increase in median value, while Units have seen a 8.13% increase. As at 30 April 2026:

  • The median value for Houses in Cheltenham is $1,288,289 while the median value for Units is $727,334.
  • Houses have a median rent of $750 while Units have a median rent of $575.
There are currently 66 properties listed for sale, and 25 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 633 properties were sold in the past 12 months in Cheltenham.

Cheltenham Profile Page

Suburb Insights for Cheltenham 3192

Visit Cheltenham profile page
Market Insights
Cheltenham Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Cheltenham Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Cheltenham profile page
Contact agent
agent headshot
Jayden Manno
Show contact details
Call agent
Raine & Horne Essendon
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED