48/140-148 Chesterville RoadCheltenham VIC 3192
Property Details for 48/140-148 Chesterville Rd, Cheltenham
Last Listing description (July 2021)
EXECUTORS AUCTION
Richardson French is pleased to offer this fantastic opportunity at 48/140-148 Chesterville Road, Moorabbin by way of auction on Wednesday 26th May at 12pm onsite.
Located right in the heart of Moorabbin/Cheltenham's Industrial Precinct, this office/warehouse is in a prime location in one of the best complexes in this area constructed by the renowned Pellicano Group.
This property is close to the major arterials including Warrigal Road, South Road and South Road Extension and Nepean Highway and will shortly be enhanced by the completion of the Peninsula Freeway Extension that joins up to the South Road Extension and in close proximity to Southland Shopping Centre.
This property is leased to a prominent school wear tenant that has been in the industry over 30 years and supplies most of the well known schools and sporting affiliations.
Inspection is a must and we can guarantee that you won't see a much cleaner property than this one.
Property Features:
+ Container height motorised roller door
+ Double storey office
+ Air conditioned offices
+ 7m Warehouse height
+ Four (4) on-title car parks
+ Sealed warehouse floor
+ Kitchen and bathroom facilities
Investment Details:
+ Leased on a 2x2 lease expiring 30/6/2022 with a further 2 year option
+ $30,000 net rental income per annum
+ 3% annual rental increase
+ Clean use tenant
+ Tenant has long successful trading history
Contact the listed agents to organise your inspection.
Documentation available upon request.
Jeffrey Richardson 0418 328 101
Aidan Boyd 0478 770 903
Kyle McDonagh 0422 855 229
Property History for 48/140-148 Chesterville Rd, Cheltenham, VIC 3192
- 26 May 2021Sold for $870,000
- 20 Apr 2021Listed for Sale Auction Wed 26th May 12:00pm - POA
- 07 Feb 2020Listed for Rent $30,000 / month
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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 15,147 properties. Over the last 5 years, Houses in Cheltenham have seen a 24.12% increase in median value, while Units have seen a 14.91% increase. As at 31 January 2026:
- The median value for Houses in Cheltenham is $1,297,662 while the median value for Units is $718,805.
- Houses have a median rent of $725 while Units have a median rent of $570.
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