277 Bay RoadCheltenham VIC 3192
Property Details for 277 Bay Rd, Cheltenham
Last Listing description (November 2025)
HOSPITALITY INVESTMENT WITH LONG-TERM SECURITY
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, caf & 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 Sandringhams 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 15,166 properties. Over the last 5 years, Houses in Cheltenham have seen a 9.78% increase in median value, while Units have seen a 8.13% increase. As at 30 April 2026:
- The median value for Houses in Cheltenham is $1,288,289 while the median value for Units is $727,334.
- Houses have a median rent of $750 while Units have a median rent of $575.
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