28 Chesterville RoadCheltenham VIC 3192
Property Details for 28 Chesterville Rd, Cheltenham
Last Listing description (September 2021)
OVERVIEW
+ Renewed 10 year lease to Cura Day Hospital to 2029 plus options to 2039
+ Tenant backed by global powerhouse healthcare provider Fresenius Medical Care with revenue exceeding $25m in 2018
+ Annual income of $288,000 pa*+ GST & outgoings with annual rental increases
+ Highly capital intensive fit out with seventeen (17) on-site car spaces
+ Substantial building area of 551sqm* with close to 1,200sqm* of land PLUS onsite parking
LOCATION
+ Positioned directly opposite Westfield Southland One of Victoria's largest shopping centres with near $850,000,000 in retail sales annually
+ Within walking distance to public transport including, Southland railway station and the Radcliffe Avenue bus interchange
+ Located 19km* south-east of the CBD and is a major residential commercial and industrial centre for Melbourne's south. The commercial focus of the suburb is based around the neighbouring Westfield Southland Shopping Centre and the Cheltenham railway station
26-28 Chesterville Road will be sold via boardroom auction on the 6th of June at 2:30pm CBRE MELBOURNE OFFICE
Josh Twelftree
+61 452 524 985
Jimmy Tat
+61 439 399 188
Sandro Peluso
+61 418 389 757
*approx
We are using a new group to display our auctions live and we just want people to know.
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Property History for 28 Chesterville Rd, Cheltenham, VIC 3192
- 02 Sep 2021Listed for Sale SOLD - $5,520,000
- 06 Jun 2019Sold for $5,520,000
- 23 Apr 2019Listed for Sale Not Disclosed
Recent sales nearby
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About 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 15,148 properties. Over the last 5 years, Houses in Cheltenham have seen a 28.65% increase in median value, while Units have seen a 15.77% increase. As at 31 December 2025:
- The median value for Houses in Cheltenham is $1,312,269 while the median value for Units is $725,359.
- Houses have a median rent of $720 while Units have a median rent of $550.
Suburb Insights for Cheltenham 3192
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