37/140-148 Chesterville RoadCheltenham VIC 3192
Property Details for 37/140-148 Chesterville Rd, Cheltenham
Last Listing description (May 2021)
FOR SALE - EXPRESSIONS OF INTEREST
ASM Commercial is pleased to offer Factory 37/140-148 Chesterville Road for expressions of interest - private sale.
An exceptional opportunity to acquire a commercial office and showroom/warehouse investment.
Property Features Include:
- Total Building Area: 198 sqm (approx.)
- Industrial 1 Zone (IN1Z)
- Positioned in prime Business Park in Cheltenham
- Access to major highways
- 3 car spaces on title
- Secure lease in place with a long-term tenant of over 12 years
- 1 year lease (Commencing 01/09/2020) with one further option of 2 years
- CPI annual increases and market review at option
- Net Income: $34,325.28 p.a.
For further information, please call the following agent:
Andrew Manos - 0425 721 222
Property History for 37/140-148 Chesterville Rd, Cheltenham, VIC 3192
- 05 Mar 2021Sold for $655,000
- 09 Dec 2020Listed for Sale $700,000
- 29 Dec 2005Sold for $362,000
Recent sales nearby
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About 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 15,204 properties. Over the last 5 years, Houses in Cheltenham have seen a -5.85% decrease in median value, while Units have seen a 3.54% increase. As at 31 July 2026:
- The median value for Houses in Cheltenham is $1,210,049 while the median value for Units is $715,290.
- Houses have a median rent of $750 while Units have a median rent of $600.
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