376 Reserve RoadCheltenham VIC 3192
Property Details for 376 Reserve Rd, Cheltenham
Last Listing description (August 2023)
SOLD PRIOR TO AUCTION
Nichols Crowder is delighted to offer to the market via Public Auction, this once in a generational industrial opportunity in the heartland of the Bayside Business District at one of the most affordable price points you will likely ever see for a property of this nature.
Located in a high-profile position on Reserve Road, Cheltenham, this highly functional open plan warehouse with rear yard has great bones are there for any savvy owner occupier to capitalise on.
Ideally for car auto service, car enthusiasts, tradies, builders and creative retail groups (STCA), this is an absolute paradise for a whole range of uses. As well as being a well-presented warehouse space, the wow factor is the incredible street frontage and signage availability you have to a main road in Bayside.
Key features include:
* Total building area: 270sqm*
* Current lease in place until 30th of June 2024 with no options
* Passing rent of $29,000 per annum + outgoings
* Large ground floor space, great for storing toys (cars, boats, etc.)
* Front office/admin component which could be renovated into something special
* Includes bathroom
* Front and rear roller door
* Ability to have car hoists within the property
* Three (3) car spaces out front
* Rear yard could be utilised for further storage
* 150m* from Bad Shepherd Brewery - Ideal for a Friday afternoon after a long week of work
* No GST payable on sale as property is being sold as a going concern
For further details or to arrange an inspection please contact:
Andrew Pannam 04 33 518 555
James Glen 0401 493 277
OPEN FOR INSPECTION:
Thursday 10th August 10am-10:30am
Tuesday 15th August 10am-10:30am
Thursday 17th August 12pm-12:30pm
Wednesday 23rd August 12pm-12:30pm
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorized use is strictly prohibited.
Property History for 376 Reserve Rd, Cheltenham, VIC 3192
- 10 Aug 2023Sold for $1,300,000
- 07 Aug 2023Listed 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 15,149 properties. Over the last 5 years, Houses in Cheltenham have seen a 28.65% increase in median value, while Units have seen a 15.77% increase. As at 31 December 2025:
- The median value for Houses in Cheltenham is $1,312,269 while the median value for Units is $725,359.
- Houses have a median rent of $720 while Units have a median rent of $550.
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