5 Follett RoadCheltenham VIC 3192
Property Details for 5 Follett Rd, Cheltenham
Last Listing description (August 2025)
FOR SALE make us an offer we have a motivated Vendor!
Retail/Residential Opportunity!
If you're seeking a fantastic investment opportunity with potential for development (STCA), look no further. Or perhaps you are an owner occupier wanting to run your business from this shop front and live where you work. What better opportunity you can have with this property.
This shop front, paired with a residence, nestled in the sought-after golden triangle of Cheltenham.
Sitting on approximately 187 sqm of land, the property features an approximately 45.76 sqm shop front alongside a two-storey, two-bedroom dwelling.
With Business 1 zoning and situated in a highly coveted residential area, this property presents an incredible and versatile commercial opportunity with added residential benefits.
Inspection by appointment!
Don't miss out on this remarkable chance! Contact us today to seize this property.
Contact:
- Matthew Kenny: 0413 743 876
- Alex Kenny: 0457 491 000
- Simon Bartaby 0418 315 580
ALL Commercial Real Estate
Property Code: 798
Property History for 5 Follett Rd, Cheltenham, VIC 3192
- 22 May 2024Sold for $820,000
- 20 Mar 2024Listed for Sale Contact Agent
- 29 Nov 2023Listed for Sale FOR SALE
Recent sales nearby
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0About 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 15,173 properties. Over the last 5 years, Houses in Cheltenham have seen a 15.84% increase in median value, while Units have seen a 8.24% increase. As at 31 March 2026:
- The median value for Houses in Cheltenham is $1,299,321 while the median value for Units is $718,770.
- Houses have a median rent of $750 while Units have a median rent of $570.
Suburb Insights for Cheltenham 3192
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