4/328 Reserve Road, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
OFF MARKET

4/328 Reserve Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 209m2
Land area: 11561m2
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Property Details for 4/328 Reserve Rd, Cheltenham

Building Type
Commercial
Floor Size
209m2
Land Size
11561m2
Local Government
Bayside
Lot/Plan
4/PS543206

Last Listing description (March 2015)

Corporate Office Investment with International Tenant! - 7% net Return
CVA Property Consultants are pleased to offer you the opportunity to secure an outstanding two level office investment located within the prestigious Hallmarc Business Park Bayside.
The property is currently leased to Xtime Asia Pacific, a provider of hosted customer relationship management for automotive service departments. The current rental return is $50,440 pa net and the tenant has exercised a further lease term with a further option available.

Unit 4 comprises two levels of office/showroom complete with boardroom facilities, high quality fitout, male and female amenities, kitchenette and large windows allowing for excellent natural light. Further enhancing the property are 5 allocated on site car parking spaces plus licence area which allows for easy loading via a tilt panel window.
Xtime Asia Pacific focuses on retention solutions for automotive manufacturers and dealer service departments. Its cloud-based products help dealerships discover, deliver and retain profitable customers and help increase customer retention and loyalty. Xtime is the exclusive or preferred provider for over a dozen major automotive manufacturers globally including those in the USA, Canada and Australia.
View company website www.xtime.com
Hallmarc Business Park Bayside is ideally located close to Nepean Highway, Westfield Southland Shopping Centre, Golf Courses, Sandringham Yacht Club, Cheltenham Railway Station and Sandringham Railway Station.
Tax effective depreciation benefits apply.

Property History for 4/328 Reserve Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Transferred
27 Oct 2020
  • 27 Oct 2020
    Transferred
  • 26 Mar 2015
    Sold for $700,000
  • 30 Oct 2014
    Listed for Sale 720000
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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 15,148 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.
There are currently 49 properties listed for sale, and 29 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 666 properties were sold in the past 12 months in Cheltenham.

Suburb Insights for Cheltenham 3192

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.