322-324 Charman RoadCheltenham VIC 3192
Property Details for 322-324 Charman Rd, Cheltenham
Last Listing description (November 2022)
AUCTION WEDNESDAY 30TH NOVEMBER AT 12NOON ON SITE
This huge corner profile investment really comes close to the perfect trophy asset to add to your property portfolio.
A once in a generation retail investment opportunity, it is easy to see why it ticks the boxes in one of Bayside's booming and highly populated suburbs.
Anchored by Charman Road Pharmacy, the tenants are all well-established within this impressive building and will provide the lucky purchaser a long term and secure investment
Key features include:
TENANTS
* Three (3) separate tenancies
* Two (2) office tenants on the first floor and Charman Road Pharmacy on ground floor
* Total net rental: $168,734 p.a + GST + Outgoings
* Charman Road Pharmacy rental: $108,868 p.a
* Pharmacy lease term expiry: January 2028 + options
* Office suites total rent: $59,866 p.a + outgoings
* Lease term expiry (office suites): June/July 2024 + options
* A tenancy schedule is available upon request
BUILDING
* Impressive two (2) level freestanding corner building: 650sqm*
* Male & female toilets on both levels
* Car parking at rear providing five (5) car spaces
* Rear door, ideal for unloading deliveries
* Suit a variety of different tenants (long term)
LAND
* Favourable Activity Centre (ACZ1) zoning
* Huge landholding: 401sqm*
* Incredible street frontage of 47m*
* Future residential development upside (STCA)
For further details or to arrange an inspection please contact:
James Glen 0401 493 277
Matt Nichols 0418 186 488
OPEN FOR INSPECTION TIMES
Tuesday 8th November: 1:00pm -1:30pm
Friday 11th November: 12.00pm - 12.30pm
Tuesday 15th November: 1:00pm -1:30pm
Tuesday 22nd November: 1:00pm -1:30pm
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Protocols. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorized use is strictly prohibited.
Property History for 322-324 Charman Rd, Cheltenham, VIC 3192
- 02 Nov 2022Listed for Sale Contact Agent
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0About Cheltenham 3192
The size of Cheltenham is approximately 10.6 square kilometres. There are 26 parks, covering nearly 19.1% of the 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 15,163 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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