249 Charman RoadCheltenham VIC 3192
Property Details for 249 Charman Rd, Cheltenham
Last Listing description (April 2022)
Gross Waddell ICR is pleased this prime retail investment located in the beating heart of the Charman Road retail precinct, as part of the 'Signature Auction Portfolio'.
https://gwicrsignatureauctionseries.com.au/
Superbly positioned retail investment leased to a high demand retailer within the tightly held Charman Road precinct
Securely leased to a long-established hair and beauty retailer, on a 5-year lease with a further 3 year option
Net income of $31,942 per annum* with fixed 3% annual increases
Located directly adjoining Cheltenham train station
Exceptional 92 sqm* land holding with a favourable Activity Centre Zone (ACZ1)
Within by a bustling retail catchment which houses an array of local and national retailers
Moments to Westfield Southland Shopping Centre and the soon to be built Suburban Rail Loop station
Cheltenham is highly regarded as local gem and boasts a median house price of $1,340,000 (source REIV)
The property is to be sold via Public Auction as part of the 'Signature Auction Portfolio' and held at Leonda by the Yarra from 11am on Thursday the 7th of April 2022. For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
Property History for 249 Charman Rd, Cheltenham, VIC 3192
- 11 Mar 2022Listed for Sale Contact Agent
Recent sales nearby
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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 15,176 properties. Over the last 5 years, Houses in Cheltenham have seen a 15.84% increase in median value, while Units have seen a 8.24% increase. As at 31 March 2026:
- The median value for Houses in Cheltenham is $1,299,321 while the median value for Units is $718,770.
- Houses have a median rent of $750 while Units have a median rent of $570.
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