289 Charman RoadCheltenham VIC 3192
Property Details for 289 Charman Rd, Cheltenham
Last Listing description (February 2017)
This retail investment is located in the heart of Cheltenham's Charman Road shopping strip. Being only 150m* to Cheltenham Train Station provides high passing trade. Currently leased to Gold Star Nails & Spa and located within close range of an array of restaurants, cafes, shops, super markets and banks, close proximity to Westfield Southland, Cheltenham Train Station and Nepean Highway.
Building facilities include the main shop area, treatment room, kitchen area and a rear yard toilet, along with a single garage with dual access and two further parking spaces.
Key Property features include:-
Rent $26,225.45* per annum plus outgoings
Rent increases 3% per annum
Building Area 75sqm*
Land area 149sqm*
Activity Centre Zoning 1 (ACZ1)
Future development upside (STCA)
3 Car parking spaces
Prominent position within busy shopping district
Contact Paul Waterhouse or Stefanie Taylor for more information.
Property History for 289 Charman Rd, Cheltenham, VIC 3192
- 01 Dec 2016Sold for $951,000
- 04 Nov 2016Listed for Sale $560,000 - $610,000
- 07 Nov 2010Listed for Rent - Price not available
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 15,175 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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