270 Warrigal RoadCheltenham VIC 3192
Property Details for 270 Warrigal Rd, Cheltenham
Last Listing description (March 2025)
An exceptional opportunity awaits at 270 Warrigal Road, Cheltenham, a prime freehold retail/commercial property offering excellent exposure, secure income, and exciting future potential. Whether you're an investor looking for a strong rental return, an owner-occupier seeking a high-visibility location, or a developer with a vision, this versatile property delivers.
Located on 187m² of land with a 90m² building*, this property benefits from Commercial 1 Zoning (C1Z), making it ideal for a variety of businesses, including retail, hospitality, or professional services. The site also offers valuable rear right-of-way access, leading to a garage/storage shed, further enhancing its usability and potential for redevelopment (STCA).
Investment Highlights:
✔ No GST Payable – Freehold title with no owners corporation, allowing for a straightforward transaction
✔ Prime Location & High Visibility – Positioned on bustling Warrigal Road, benefiting from high traffic exposure and footfall
✔ Surrounded by Amenities – Located in a thriving precinct with nearby restaurants, cafés, retailers, and easy access to Nepean Highway, Dingley Bypass, and Centre Dandenong Road
✔ Development Potential – Rear lane access provides scope for future expansion, such as a mixed-use retail and residential project (STCA), similar to developments already completed nearby
✔ Strong Bayside Market – An entry point into Cheltenham's highly sought-after commercial and residential market, just moments from Southland Shopping Centre, Mentone Beach, and public transport
With the potential to invest and earn rental income immediately, occupy in the future, or develop for long-term gains, this rare opportunity in a tightly held location is not to be missed.
Be quick to enquire!
Property History for 270 Warrigal Rd, Cheltenham, VIC 3192
- 20 Mar 2025Sold for $488,000
- 06 Mar 2025Listed for Rent $5,000 / year
- 16 Aug 2024Listed for Sale INVEST, OCCUPY OR DEVELOP - NO GST PAYABLE
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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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