1238 Nepean HighwayCheltenham VIC 3192
Property Details for 1238 Nepean Hwy, Cheltenham
Last Listing description (December 2020)
The 'Nepean Highway Duo' comprises two showroom premises on separate titles and positioned on the City bound side of Nepean Highway, right in the heart of Cheltenham.
Here is your opportunity to occupy one showroom and collect rental income from the other. This prime retail investment is ideal for part owner occupiers and investors.
Key features include:
* Two showrooms, Two titles - offered as one, or individually
* 1238 Nepean Highway: Vacant showroom of 450sqm*
* 1240 Nepean Highway: Leased showroom of 220sqm*
* Quality showroom buildings with impressive signage to Nepean Highway
* Customer car parking to front and on service lane
* Total site area: 1,354sqm*
* Amazing Nepean Highway frontage of over 39 metres
* High exposure position with 70,000 (approx.) cars passing daily
* 300 metres to Charman Road shops and Cheltenham Train Station
* Flexible Activity Centre zoning - allowing multi-level mixed use development (STCA)
* Brand new 5 + 5 year lease generating net rental of $40,000 per annum
* Potential fully leased rental of $130,000 per annum
* Massive government infrastructure investment including removal of nearby railway level crossings
For further information or to arrange and inspection, please contact:
Julian Vautin 0420 406 660
Matt Nichols 0418 186 488
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 1238 Nepean Hwy, Cheltenham, VIC 3192
- 20 Nov 2025Sold for $2,200,000
- 13 Apr 2021Sold for $2,017,759
- 22 Oct 2020Listed 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 15,140 properties. Over the last 5 years, Houses in Cheltenham have seen a 31.93% increase in median value, while Units have seen a 18.05% increase. As at 30 November 2025:
- The median value for Houses in Cheltenham is $1,306,671 while the median value for Units is $724,622.
- Houses have a median rent of $725 while Units have a median rent of $550.
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