24/140-148 Chesterville RoadCheltenham VIC 3192
Property Details for 24/140-148 Chesterville Rd, Cheltenham
Last Listing description (November 2022)
Richardson French is pleased to offer this fantastic opportunity at 24/140-148 Chesterville Road, Cheltenham by way of private sale.
Located right in the heart of Moorabbin/Cheltenham's Industrial Precinct, this office/warehouse is in a prime location in one of the best complexes in this area constructed by the renowned Pellicano Group.
This property is close to the major arterials including Warrigal Road, South Road and South Road Extension and Nepean Highway and will shortly be enhanced by the completion of the Peninsula Freeway Extension that joins up to the South Road Extension and in close proximity to Southland Shopping Centre.
This property is leased to leather goods brand Hallow Brands, the umbrella brand house for labels Lapoche travel accessories and Kinnon leather. These brands can be seen and purchased in many countries across the globe
Property Features:
+ Container height motorised roller door
+ Double storey office
+ Air conditioned offices
+ 7m Warehouse height
+ Three (3) on-title car parks
+ Kitchen and bathroom facilities
Investment Details:
+ Leased on a 2x2 lease expiring 30/04/2024 with a further 2 year option
+ $36,182.40 net rental income per annum
+ 3% annual rental increase
+ Clean use tenant
+ Tenant has a successful trading history
Contact the listed agents to organise your inspection.
Documentation available upon request.
Jeffrey Richardson 0418 328 101
Randor Falconer 0478 770 903
Property History for 24/140-148 Chesterville Rd, Cheltenham, VIC 3192
- 07 Nov 2022Sold for $900,000
- 16 Sep 2022Listed for Sale $910,000 Ex GST
- 07 Jun 2018Listed for Rent - Price not available
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0About 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 15,203 properties. Over the last 5 years, Houses in Cheltenham have seen a -5.85% decrease in median value, while Units have seen a 3.54% increase. As at 31 July 2026:
- The median value for Houses in Cheltenham is $1,210,049 while the median value for Units is $715,290.
- Houses have a median rent of $750 while Units have a median rent of $600.
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