273-275 Charman RoadCheltenham VIC 3192
Property Details for 273-275 Charman Rd, Cheltenham
Last Listing description (November 2022)
AUCTION THURSDAY 17TH NOVEMBER AT 1PM ON SITE
Nichols Crowder, in conjunction with Century 21 Property Group, are proud to offer to the market this outstanding retail investment opportunity in the heart of thriving Charman Road, leased to a long term established business in the strip.
273- 275 Charman Road is leased to 'The Fruit Men'. The tenant is well established having been operating in Charman Road for close to 20 years.
Cheltenham has undergone a major transformation in recent years with the removal of the level crossing at the train station allowing much better traffic flow. As the property is located in an Activity Centre Zoning, this will allow multi story residential use down the track for apartments giving the site strong underlying land value in the years to come.
Key features include:
TENANT:
* Securely leased to 'The Fruit Men'
* Net rental: $82,000 pa + GST, plus outgoings
* Lease term: Seven (7) years
* Lease term expiry: 30/06/2028
* Tenant has two (2) further options of seven (7) years
* 2.5% fixed annual increases throughout and market review at option
BUILDING:
* Single level, corner laneway property
* Total building area: 280sqm (approx)
* Impressive frontage; 12metres (approx)
* Male & female toilets
* Cool room
* Rear door, ideal for unloading deliveries
LAND:
* Favourable Activity Centre Zoning
* Huge landholding: 401sqm*
* Rear laneway access
* Future residential development upside (STCA)
For further information please contact agents in conjunction:
NICHOLS CROWDER
James Glen 0401 493 277
CENTURY 21
Con Katos 0416 00 22 22
OPEN FOR INSPECTION TIMES OR BY APPOINTMENT:
Tuesday 25th of October: 12:00pm - 12:30pm
Wednesday 2nd of November: 12:00pm - 12:30pm
Tuesday 8th of November: 12:00pm - 12:30pm
Tuesday 15th of November: 12:00pm - 12:30-pm
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 273-275 Charman Rd, Cheltenham, VIC 3192
- 17 Nov 2022Sold for $2,100,000
- 19 Oct 2022Listed for Sale Contact Agent
- 13 Jan 2020Listed 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 15,162 properties. Over the last 5 years, Houses in Cheltenham have seen a 5.37% increase in median value, while Units have seen a 5.22% increase. As at 31 May 2026:
- The median value for Houses in Cheltenham is $1,279,114 while the median value for Units is $713,714.
- Houses have a median rent of $750 while Units have a median rent of $585.
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