12/328 Reserve RoadCheltenham VIC 3192
Property Details for 12/328 Reserve Rd, Cheltenham
Last Listing description (September 2013)
Fantastic opportunity to purchase a premium investment property that is currently leased to ONYX, caf restaurant bar.
The property is leased on a renewed term of five (5) + five (5) + five (5) years and returns $77,500.00 per annum.
Nestled in a premium Bayside location within an immaculately presented architecturally designed state-of-the-art Business Park, this property will be a proud addition to your investment portfolio.
Hallmarc Business Park is ideally located close to Nepean Highway, Westfield Southland Shopping Centre, Golf Courses, Sandringham Yacht Club, Cheltenham Railway Station and Sandringham Railway Station.
Depreciation benefits are applicable, enquire today!
For more information please visit http://onyxat328reserveroadcheltenham.cva.net.au/ and http://www.onyxbarcafe.com.au/
Property History for 12/328 Reserve Rd, Cheltenham, VIC 3192
- 19 Jul 2025Transferred
- 25 Aug 2013Sold for $1,200,000
- 08 Aug 2013Listed for Sale SOLD - $1,200,000
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About 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 15,147 properties. Over the last 5 years, Houses in Cheltenham have seen a 28.65% increase in median value, while Units have seen a 15.77% increase. As at 31 December 2025:
- The median value for Houses in Cheltenham is $1,312,269 while the median value for Units is $725,359.
- Houses have a median rent of $720 while Units have a median rent of $550.
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