1281 Nepean HighwayCheltenham VIC 3192
Property Details for 1281 Nepean Hwy, Cheltenham
Last Listing description (August 2021)
FULLY LEASED SECURE INVESTMENT TO ENDEAVOUR GROUP (ASX: EDV)
CBRE Freestanding Retail Investments is pleased to present for your consideration the Tudor Inn, a land-rich investment superbly positioned on a gateway corner site in Melbourne's popular south-eastern suburb activity centre, Cheltenham.
Known as 1281 Nepean Highway, this secure investment to Australia's largest venue operator ALH Group, a subsidiary of ASX listed Endeavour Group, provides long term income security with huge underlying capital growth potential. The property is best described as follows:
+25 year 'triple net lease' to November 2028 plus 10 year options to 2068.
+Leased to ALH Group with over 330 licensed venues across Australia
+Strong net income of $592,855 p.a.* plus CPI annual increases.
+Strategic 4,789sqm* gateway site with 53m* to Nepean Highway and 83m* to Goulburn Street.
+Prime high exposure position with 77,000+ vehicles* passing daily.
+Established 2,152sqm* improvements with large rear car park BWS retail liquor outlet.
+Highly flexible Activity Centre Zone offering outstanding future value-add and development scope.
+Positioned within Cheltenham's prized activity centre precinct, only 500m* to Westfield Southland Shopping Centre, 250m* to Charman Road retail and 300m* to Cheltenham Train Station, only 18km* to Melbourne's CBD.
Public Tender ("Tender") Closed Offers Under Review.
OPEN FOR INSPECTION TIMES:
Thursday 29th July 1:30pm-2:30pm
Thursday 5th August 1:30pm-2:30pm
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
David Minty
+61422 564 199
david.minty@cbre.com.au
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Jing Jun Heng
+61 411 059 116
jj.heng@cbre.com.au
Property History for 1281 Nepean Hwy, Cheltenham, VIC 3192
- 18 Jun 2021Listed for Sale Contact Agent
Recent sales nearby
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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 15,235 properties. Over the last 5 years, Houses in Cheltenham have seen a -9.31% decrease in median value, while Units have seen a 1.46% increase. As at 31 August 2026:
- The median value for Houses in Cheltenham is $1,173,644 while the median value for Units is $707,971.
- Houses have a median rent of $750 while Units have a median rent of $600.
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