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Multi Tenanted Retail Investment !

340-342 Charman Road, CHELTENHAM VIC, 3192

Sold

Property Sold in 340-342 Charman Road, CHELTENHAM VIC, 3192

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11345498
Status:
Sold
Price:
Contact Agent
Last Updated:
13/08/2019
Icon building

Property Type

Retail
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Land Area

404 SQM
Icon size

Floor Area

253 SQM
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Parking

N/A

Multi Tenanted Retail Investment !

Prominently positioned on Charman Road this property features an impressive 12 metre* frontage providing tremendous exposure and presence to the busy retail precinct. 

Leased to two extremely well established and long standing tenants Jins Flowers and Cafe In D'imand returning a total rental of $79,331.04 per annum. 
Additional features include a first floor three bedroom dwelling above lot 340 which can provide future increase in rental and rear land providing parking for four vehicles. 

This sought after investment is situated on a land area of 404m2* with ROW and further enhanced by a favorable Activity Centre Zoning which provides for valuable development potential for a multi level mixed use development (STCA). 

Investment Summary:

340 Charman Road, Cheltenham: 
- Tenant: Cafe In D'imand
- Rental: $42,251.00 p.a net
- Term: Five (5) years
- Commencement: 1st July 2018 
- Options: Two (2) further terms of five (5)
- Increases: Annual 4%

342 Charman Road, Cheltenham:
- Tenant: Jins Flowers
- Rental: $37,080.00 p.a net
- Term: Five (5) years
- Commencement: 1st October 2017
- Increases: Annual 4%

Combined rental of $79,331.04 per annum. 

Please contact CVA for further details. 

*Approx
Pricing excludes GST.

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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