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Overview
This commercial property presents a unique investment or occupancy chance, featuring two adjacent titles within a discrete court setting in Cheltenham. The side-by-side warehouses boast a substantial building area of 1,623 square metres set on a generous land parcel of 2,200 square metres, offering considerable space for a variety of industrial uses.
Strategically positioned with convenient access to Warrigal Road and Keys Road, this location supports efficient logistics and workforce connectivity. The property is currently leased on a monthly overholding basis by a long-standing tenant, providing immediate income and flexibility in tenant arrangements.
Designed with operational efficiency in mind, the warehouses include high clearance roller doors measuring 4.1 metres wide and 5.3 metres high, and warehouse heights ranging from 7.8 metres centrally to 5.7 metres on the sides, accommodating large vehicles and extensive storage needs. The site offers ample onsite parking with 12 car spaces and is powered by an impressive 1,000 plus amps, ideal for power-intensive operations.
Additional benefits include the ability to split the premises into two tenancies, multiple crossovers enhancing access points, and 29 metres of street frontage, which enhances exposure and facilitates logistics. The robust brick construction ensures durability and low maintenance, while the flexibility to refurbish or negotiate tenancy terms opens opportunities to add value or tailor the property to specific user needs.
This property is well-suited to investors seeking stable income with growth potential, businesses requiring expansive industrial and warehouse facilities, or professionals looking for a flexible commercial footprint in a thriving industrial precinct.
Local Market Insights
In Cheltenham, Quiet Listings observed 20 new commercial properties entering the market over the last 30 days, with an average advertised asking price of $1,152,500. The property type mix of listed properties is predominantly Commercial properties at 36%, followed by houses (28%), and units (15%). Ray White was the most active agency in this area, representing 38.8% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Cheltenham VIC 3192
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 1623 m² |
Market Insights for Cheltenham VIC 3192
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