273-275 Charman Road,
Cheltenham, VIC 3192

AUCTION THURSDAY 17TH NOVEMBER AT 1PM ON SITE

Nichols Crowder, in conjunction with Century 21 Property Group, are proud to offer to the market this outstanding retail investment opportunity in the heart of thriving Charman Road, leased to a long term established business in the strip.

273- 275 Charman Road is leased to 'The Fruit Men'. The tenant is well established having been operating in Charman Road for close to 20 years.

Cheltenham has undergone a major transformation in recent years with the removal of the level crossing at the train station allowing much better traffic flow. As the property is located in an Activity Centre Zoning, this will allow multi story residential use down the track for apartments giving the site strong underlying land value in the years to come.

Key features include:

TENANT:

* Securely leased to 'The Fruit Men'
* Net rental: $82,000 pa + GST, plus outgoings
* Lease term: Seven (7) years
* Lease term expiry: 30/06/2028
* Tenant has two (2) further options of seven (7) years
* 2.5% fixed annual increases throughout and market review at option

BUILDING:

* Single level, corner laneway property
* Total building area: 280sqm (approx)
* Impressive frontage; 12metres (approx)
* Male & female toilets
* Cool room
* Rear door, ideal for unloading deliveries

LAND:

* Favourable Activity Centre Zoning
* Huge landholding: 401sqm*
* Rear laneway access
* Future residential development upside (STCA)

For further information please contact agents in conjunction:

NICHOLS CROWDER
James Glen 0401 493 2...

CENTURY 21
Con Katos 0416 00 22 22

OPEN FOR INSPECTION TIMES OR BY APPOINTMENT:

Tuesday 25th of October: 12:00pm - 12:30pm
Wednesday 2nd of November: 12:00pm - 12:30pm
Tuesday 8th of November: 12:00pm - 12:30pm
Tuesday 15th of November: 12:00pm - 12:30-pm

PLEASE NOTE:

* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.