25 ,27,29 Station Road Cheltenham, 3192 VIC
Great Retail Investment
Situated on a sizable 914sqm approx. land parcel within the heart of Cheltenham, direct proximity to Cheltenham Train Station and surrounding cafes, restaurants, shops as well as offices and high density residential , anchored by Foodworks supermarket, Cellarbrations Liquor Store and supported by an additional mixed-use tenant generating a total net income of $176,890 , 25-29 Station Road offers an ideal opportunity to secure an income producing asset with future upside potential within the Bayside's growth corridor. * Three tenancies generating $178,175 net income per annum + outgoings + GST * High passing pedestrian traffic locale, with exposure to passing vehicle traffic * Securely leased to established tenants including Foodworks, Cellarbrations Liquor Store * Two Street Frontages (Rear access via Public Car Park) * Activity Centre Zone 1/ Shop 25 Station Rd: Tenant; Cellarbrations Liquor Land size: 241 m2 ( approx. ) Lease: 5 years Commencement date of term: 10/04/2022 Rental Return: $50,175 per annum approx.
For Sale P.O.A.
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Theresa Huynh