16/47 Wangara RoadCheltenham VIC 3192
Property Details for 16/47 Wangara Rd, Cheltenham
Last Listing description (November 2022)
We have an extremely rare opportunity to secure a leased industrial investment in the most sought after commercial precinct in the Melbourne's south east.
Locally known as the Bayside Business District, Unit 16/ 47 Wangara Road Cheltenham is an area is not only well serviced for businesses, but is located close to the affluent bayside suburbs.
Built by well renowned local developer Grange Group, this modern warehouse unit, with full floor office mezzanine floor, is perfect for any investor as well as future owner occupier.
Key features include:
* Currently returning $25,495 per annum + outgoings
* First floor office: Lease expires May 2024 w/option
* Warehouse: Lease expires February 2023 w/option
* Building area:189sqm*
* Upstairs first floor office: 91sqm*
* Downstairs low clearance warehouse of 98sqm*
* Designed so you can lease or occupy the warehouse and office separately
* Brilliant Kitchenette on first floor
* Toilets on each floor
* Shower on ground floor
* One (1) car space on title
For further details or to arrange an inspection please contact:
James Glen 0401 493 277
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Protocols. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorized use is strictly prohibited.
Property History for 16/47 Wangara Rd, Cheltenham, VIC 3192
- 09 Nov 2022Sold for $675,000
- 07 Apr 2022Listed for Sale $695,000
- 18 Feb 2020Listed for Rent - Price not available
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 15,166 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.
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