277 Bay RoadCheltenham VIC 3192
Property Details for 277 Bay Rd, Cheltenham
Last Listing description (March 2026)
The lease is in place for the long-term, the fit-out is yours to keep, & the rental is structured to reward. You can taste the investment goodness here! A premier hospitality offering cornering the ground-floor of the prestigious city-view Sphere apartment group, this high-quality restaurant, café & bar is a blue-chip Bayside investment to savour with a high-quality fit-out that is held with the property, & an excellent tenant holding the space until 2034. Offered with a recent refit including a sophisticated front-of-house to seat 80 & a high-functioning back-of-house including a state-of-the-art kitchen, this high-quality hospitality site is ready to reward on every level.
◈ Long-term Bayside Hospitality Investment ◈
• Leased until 2034 to a proven multi-business operator
• Rent: $103Kpa + GST & outgoings, 3% annual increases.
• Flagship 225sqm* hospitality corner - Ground-floor of prestigious Sphere apartment group
• Sophisticated new fit-out incl. state-of-the-art kitchen, cool room
• Seating for 80 in banquette, table & outdoor formats
• Glamorous cocktail-bar area
• Dedicated coffee bar
• Polished-concrete flooring
• Accessible, male & female WC facilities
• 3 car spaces
• Cornering an in-demand strip of destination eateries & businesses
• Fast-developing location in an evolving multi-dwelling locale
• Booming Highett residential neighbourhood with dedicated local custom
• Thriving Cheltenham commercial precinct of hungry workers
• High-traffic, high-profile position; passed by thousands of cars daily
• 1.5km to Southland & station - 2.5km to Sandringham’s beachside village & station
• Walking distance to Highett station
• Opposite Aldi supermarket
For further details and inspections contact the agents.
*NB All prices exclude GST and Outgoings unless otherwise stated and all sizes are approximate.
This estimate of the net internal area of the premises is indicative only and should not be relied upon and is not a substitute for undertaking precise measurements of the premises.
The core focus of DBRE is industrial, commercial and retail property.
Between us we offer over 100 years’ experience in the commercial and industrial property markets with intricate knowledge of Melbourne's south east corridor. Please feel free to contact us to discuss your commercial property needs.
Forge ahead, armed with insights and backed by expertise. The future looks bright with DBRE. #onestepahead with DBRE
Property History for 277 Bay Rd, Cheltenham, VIC 3192
- 04 Sep 2025Listed for Sale Contact Agents
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 15,173 properties. Over the last 5 years, Houses in Cheltenham have seen a 18.32% increase in median value, while Units have seen a 13.80% increase. As at 28 February 2026:
- The median value for Houses in Cheltenham is $1,308,623 while the median value for Units is $728,802.
- Houses have a median rent of $730 while Units have a median rent of $555.
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