37 Park Road, Cheltenham, VIC 3192 sold on 04 March 2025 | OnTheHouse
 
SOLD
Sold on 04 Mar 2025 - Price Unavailable

37 Park Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 266m2
Land area: 715m2
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Property Details for 37 Park Rd, Cheltenham

Building Type
Commercial
Floor Size
266m2
Land Size
715m2

Last Listing description (March 2025)

Zoned Commercial 2 on a tightly-held strip facing Victoria Golf Club, this multi-premises property adds up to Bayside's most flexible commercial opportunity. Comprising 3 separately-occupied warehouses, these high-profile premises represent a rare Bayside, Sandbelt commercial opportunity.

- Total floorspace of 266sqm* on 715sqm* land
**Premises 1: 100sqm*

- owner-occupied with potential for short-term rental
**Premises 2: 82sqm*
- owner-occupied with potential for short-term rental
**Premises 3: 84sqm*
- flexibly tenanted on overhold basis

- 2 crossovers with scope for semi-circle driveway access
- up to 4 car spaces on a front apron

- driveway to undercover storage or parking & 21sqm* rear shed
- 715sqm* land, wide 15.5m frontage
- good on-street angle parking opposite
- close to the borders of Beaumaris, Sandringham & Highett
- walk to Cheltenham’s new station & rejuvenated rail strip
- a minute to Southland & future SRL station
- easy access via Nepean Hwy, Warrigal Rd & Beach Rd

- 30 minutes to Dandenong

- 40 minutes to CBD
- 45 minutes to Frankston

The Purchase Arrangement
The property is offered for private sale with settlement terms at 30, 60 or 90 days by negotiation.

Fulfil the beyond-par potential of these rare Bayside, Sandbelt premises.

*NB All prices exclude GST unless otherwise stated and all sizes are approximate.

"A vision for tomorrow requires a strategy today. Dive into the future with DBRE."
The core focus of DBRE is industrial, commercial and retail property.

Between us we offer over 85 years’ experience in the commercial and industrial property markets with intricate knowledge of Melbourne's southeast corridor.

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Property History for 37 Park Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
04 Mar 2025
Listed for Rent
$335/w
20 May 2020
  • 04 Mar 2025
    Sold for $1,425,000
  • 12 Nov 2024
    Listed for Sale Contact Agents
  • 08 Aug 2024
    Listed for Sale Contact Agents
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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.
There are currently 41 properties listed for sale, and 27 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 668 properties were sold in the past 12 months in Cheltenham.

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Andrew Mclaren
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David Bancroft
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