346 Bay RoadCheltenham VIC 3192
Property Details for 346 Bay Rd, Cheltenham
Last Listing description (May 2015)
Magnificent opportunity to invest, occupy or redevelop (STPA) in this tightly held and favourably located retail strip shopping centre.
Only minutes from Westfield Southland, Nepean Highway, public transport and Melbourne's renown Sandbelt Golf Course cluster, 346 Bay Road comprises a 157 square metre office building, set on a 200 square metre parcel, with rear access and secure off street parking.
Ideally suited for a legal, accounting or financial services sector occupant, the building also lends itself to a retail use, capitalising on the huge exposure to high daily traffic flows or the addition of one or two additional levels for residential use (STPA).
Fully Partitioned Office with rear access and secure off street parking.
Suitable for Multi Level Mixed Use Development (STPA)
Zoning: Commercial 1 (Bayside Planning Scheme)
Offered with Vacant Possession
Terms: 10% deposit, balance 60 days
Inspect by appointment
*approx.
Property History for 346 Bay Rd, Cheltenham, VIC 3192
- 01 Jul 2025Sold for $978,000
- 21 May 2015Sold for $860,000
- 13 Apr 2015Listed 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 15,140 properties. Over the last 5 years, Houses in Cheltenham have seen a 31.93% increase in median value, while Units have seen a 18.05% increase. As at 30 November 2025:
- The median value for Houses in Cheltenham is $1,306,671 while the median value for Units is $724,622.
- Houses have a median rent of $725 while Units have a median rent of $550.
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