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Five Prime Bayside Shops With Permit For 9-Level Project

9-21 Station Road, CHELTENHAM VIC, 3192

Sold

Property Sold in 9-21 Station Road, CHELTENHAM VIC, 3192

Listing ID:
11366608
Status:
Sold
Price:
SOLD
Last Updated:
27/02/2020
Icon building

Property Type

Land/Development/Retail/Offices
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Land Area

1371 SQM
Icon size

Floor Area

553 SQM
Icon parking

Parking

N/A

Five Prime Bayside Shops With Permit For 9-Level Project

Savills is delighted to offer for sale this exceptionally well-located corner property comprising 5 retail shops with significant upside located at 9-21 Station Road, Cheltenham. The property is surrounded by an abundance of high quality local amenity all within easy reach, and provides a fantastic opportunity for a multitude of development outcomes.

Key attributes of this fantastic opportunity are:

• High profile bayside landholding of 1,371sq m*
• Prominent frontage of 38 metres* to Station Road, plus side and rear access- Permit for a stunning 9-level mixed-use project
• Activity Centre Zone 1
• Valuable holding income of $109,380pa* (3 shops) with further rental potential from vacant shops (2 shops)
• Direct proximity to Cheltenham Station currently undergoing a major upgrade as part of the Victorian Government level crossing removal project
• Nearby Nepean Highway provides easy access to the CBD and Westfield Southland Shopping Centre

Sold

For further information please contact:
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888
Mark Stafford - 0404 401 053

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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