277 Charman RoadCheltenham VIC 3192
Property Details for 277 Charman Rd, Cheltenham
Last Listing description (April 2023)
This One-of-a-Kind Trophy Investment property is being offered for the first time in almost 30 years and comes with the flexibility of 5 separate titles and 5 separate income streams. It is perfectly located in the heart of the thriving Charman Road retail strip and is adjacent to Cheltenham Station which has undergone a major transformation in recent years with the removal of the level crossing.
The property benefits from over 15m of exposure to Charman Road along with council parking on the rear whilst also offering the potential for further development in the future (STCA) aided by its ROW. Westfield Southland Shopping Centre can be found only 600m* up the road and conveniently, all five tenancies are already separately metered giving you the utmost flexibility whatever your purchasing plans or future plans for the property may be!
Property Attributes:
Total land area | 518m2*
Combined building area | 787m2* over two levels
Subdivided & individually titled
5x separate income streams | $153,971 p/a*
Shop leased to experienced operator until Dec 2026 + options
4x large 2 bedroom apartments each with private balcony & on-title car space
Scope to increase combined apartment rent by $10,656 p/a*
ROW, 3 phase power, gas supply
Adjacent to Cheltenham Station
Separate electricity & water meters
600m* from Westfield Southland Shopping Centre
Neighbours include Chemist Warehouse, Bakers Delight, Domino's Pizza & Australia Post
Activity Centre Zone 1 (ACZ1)
For further information please contact one of the exclusive marketing agents:
Theo Karkanis | 0431 391 035
George Ganavas | 0478 634 562
*All areas and figures approximates only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 277 Charman Rd, Cheltenham, VIC 3192
- 31 Jan 2023Listed for Sale Under Offer
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 15,176 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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