174 Weatherall Road,
Cheltenham, VIC 3192

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Axis Property is pleased to offer for public auction this beautifully presented 3 bedroom townhouse with Bottle Shop investment.

Located in central Cheltenham/Beaumaris, set in the boutique retail Weatherall Road Shopping Strip and opposite the family favourite Cheltenham Recreation Reserve. This property is only a short walk to schools, the beach and all desired amenities that the area has to offer.

On this land of 210 square metres (approx.) is a boutique retail Bottle Shop, beautifully designed 3 bedroom townhouse, rear laneway access with garaged parking for 2 cars and offers further potential to add value (STPA).

Plans for an apartment above the retail that has previously been approved by Council add another element to what is already a fantastic proposition.

Key retail features include:

* Current Net Rental - $20,877.72 per annum
* Building area: 60m2 approximately
* Three (3) year lease commenced March 2014
* 1 further option of 3 years

The architecturally inspired townhouse includes 3 good size bedrooms and 2 bathrooms, well appointed kitchen with modern finishes opening up to an open plan living-dining area provides the outstanding opportunity for occupation or as an investment.

With stand out features including rooftop decking (with amazing views), balcony and courtyard, modern kitchen, spacious bedrooms and secure parking - we challenge you not to fall in love at first sight.

With a potential rental return of approximately $650 per week for the residence, coupled with the stable retail income, a total income of circa $55,000 per annum on a fully leased basis will make your decision to purchase an easy one.