49/140-148 Chesterville RoadCheltenham VIC 3192
Property Details for 49/140-148 Chesterville Rd, Cheltenham
Last Listing description (December 2021)
DBRE are pleased to offer this quality investment that will sit very nicely in your property portfolio. Securely leased to an excellent tenant paying all outgoings.
Situated in a very popular and well maintained industrial estate.
Property features:
Total Building area: 232sqm.*
Ground & 1st floor office area: 100sqm.*
7m high clearance warehouse
Motorised container height roller door
Four (4) car spaces
Tenancy Details:
Lease Term: Four (4) years
Current Rental: $33,650 plus GST
Comm. date: 1st February 2020
Outgoings: tenant pays all outgoings
Reviews: Annually at 2.75%
Further terms: One further term of Four (4) years.
The property is located very close to Westfields Southland Shopping Centre and adjacent the Waves Leisure Centre.
For further details and inspections please contact the exclusive agents.
NB: All areas quoted are approximate and all prices quoted are exclusive of GST.
Property History for 49/140-148 Chesterville Rd, Cheltenham, VIC 3192
- 21 Apr 2022Sold for $840,000
- 10 Jun 2021Listed for Sale $897,000
- 08 Jul 2019Listed for Rent - Price not available
Recent sales nearby
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0About 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 15,235 properties. Over the last 5 years, Houses in Cheltenham have seen a -9.31% decrease in median value, while Units have seen a 1.46% increase. As at 31 August 2026:
- The median value for Houses in Cheltenham is $1,173,644 while the median value for Units is $707,971.
- Houses have a median rent of $750 while Units have a median rent of $600.
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