1 Follett RoadCheltenham VIC 3192
Property Details for 1 Follett Rd, Cheltenham
Last Listing description (October 2020)
This light filled retail shop/office has great corner exposure with plenty of potential for either the investor, owner occupier or new tenant. Located on a corner of a busy retail strip in the heart of Cheltenham/Mentone, this property is a blank canvas, having been freshly painted inside and out.
Set amongst a Foodworks, Thai restaurant, caf/coffee shop and health & beauty stores, this property lends itself to a wide range of uses (STCA). The property is close to main road arterials, including Nepean Highway, Centre Dandenong Road and Warrigal Road.
This tightly held strip can be your new business location or be added to your property portfolio as a great little investment.
Key property features include:
* Investment - circa 5% return
* Owner occupier - an affordable office/retail shop (STCA)
* Asking rental: $14,800 p.a. + GST & outgoings
* Total building area: 48sqm*
* Great exposure opportunity with 13.14m* of street frontage to Follet & Ward Street
* Kitchenette & bathroom amenities
* Freshly painted inside & out
* Split system heating & cooling
* Plenty of street parking available
* Easy access to major arterials
* Currently a going concern - sale is not subject to GST*
For further information or to arrange an inspection, please contact:
Andrew Pannam - 0433 518 555
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated. All images and renders are subject to copyright.
*Denotes Approx.
Property History for 1 Follett Rd, Cheltenham, VIC 3192
- 30 Apr 2020Sold for $242,000
- 12 Dec 2019Listed for Rent - Price not available
- 08 Nov 2019Listed for Sale Contact Agent
Recent sales nearby
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0About Cheltenham 3192
The size of Cheltenham is approximately 10.6 square kilometres. It has 26 parks covering nearly 19.1% of 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 15,174 properties. Over the last 5 years, Houses in Cheltenham have seen a 15.84% increase in median value, while Units have seen a 8.24% increase. As at 31 March 2026:
- The median value for Houses in Cheltenham is $1,299,321 while the median value for Units is $718,770.
- Houses have a median rent of $750 while Units have a median rent of $570.
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