3/47 Wangara RoadCheltenham VIC 3192
Property Details for 3/47 Wangara Rd, Cheltenham
Last Listing description (May 2019)
FOR SALE BY EXPRESSIONS OF INTEREST Closing Thursday 11st April at 3pm
Located in the South East's hottest and most in demand commercial precinct, the Bayside Business District, this long term commercial investment is well worth reading about:
Tenant: Hawker Brownlow Education Pty Ltd (Owned by international company Solution Tree)
Options: Three (3) x Two (2) year terms extending to December 2030
Net Rental: $177,000 per annum
Anticipated return: 7%
Outgoings: Payable by tenant as per the lease
Rental Increases: Fixed annually 1.5% per annum
Reviews: Market rental reviews at options
Total Building Area: 1,472sqm approx
Two titles to be sold as one
Thriving Bayside location
The Bayside Business District is home to the likes of ALDI, Westfield Southland, Fitness First, Cosh Living and Wilson Storage. Dan Murphy's and Bowen Timber are also opening soon.
With major roads nearby providing direct access to affluent suburbs such as Beaumaris, Black Rock, Sandringham and Brighton, this is unquestionably a premium location for investing.
For further details and inspections contact:
JAMES GLEN 0401 493 277
NB: All measurements and information is approximate. All images are subject to copyright.
Property History for 3/47 Wangara Rd, Cheltenham, VIC 3192
- 10 Apr 2019Sold for $2,500,000
- 15 Mar 2019Listed for Sale Contact Agent
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 15,174 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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