5/1291-1293 Nepean HighwayCheltenham VIC 3192
Property Details for 5/1291-1293 Nepean Hwy, Cheltenham
Last Listing description (September 2026)
RWC (Oakleigh) is pleased to offer 5/1291 Nepean Highway, Cheltenham for Sale.
Positioned prominently along highly exposed Nepean Highway, this well-presented retail / office opportunity offers an outstanding acquisition for investors and future owner occupiers seeking a quality commercial asset within Melbourne's tightly held Bayside commercial precinct.
Offered with vacant possession, the property provides immediate flexibility for owner occupiers looking to establish their business within a high-profile location, whilst also appealing to investors seeking a versatile asset with strong future leasing potential.
The property comprises a total building area of 165m* and has been exceptionally maintained and upgraded throughout. Capital improvements in recent years include updated electricals, new flooring, suspended ceiling, security camera system, new internal amenities and a new rear box gutter.
A rare feature within the complex is the rear roller door access. Further enhancing the opportunity is a 5kW solar system delivering exceptionally low operating costs.
Strategically located approximately 20km* south-east of the Melbourne CBD, the property enjoys immediate access to Nepean Highway, Bay Road, Warrigal Road and South Road, providing seamless connectivity throughout Melbourne's south-eastern suburbs. Cheltenham Railway Station is located 500m* away, while the property is also well serviced by nearby bus routes and surrounded by major retail, commercial and lifestyle amenity including Westfield Southland, Moorabbin DFO and the broader Moorabbin / Cheltenham commercial precinct.
Key Property Features:
Building area | 165m*
Prominent Nepean Highway exposure
Rare rear roller door access
5kW solar system with low operating costs
Extensive upgrades throughout
Ample customer parking at front
Two car spaces on rear
Suits investors and owner occupiers
Vacant possession
No GST applicable
For further information or to arrange an inspection, please contact the exclusive listing agents below.
Ryan Amler | 0401 971 622
Jonathan On | 0479 003 122
* All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 5/1291-1293 Nepean Hwy, Cheltenham, VIC 3192
- 29 Sep 2026Sold
- 25 May 2026Listed for Sale Contact Agent
- 05 Sep 2011Sold for $490,000
Recent sales nearby
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About 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 15,234 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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