Auction Thursday 19th July 2012 at 1pm onsite.

This is an outstanding opportunity to secure a prime piece of Charman Road in the heart of the Cheltenham Shopping Strip which has been pin pointed as a Major Activity Centre in the State Government's 2030 infrastructure plan.

Property Features:

- Well presented existing retail/office of 265sqm*

- Prime site of 406sqm* with 12m* frontage to Charman Road, side lane access and rear lane access which also directly accesses the train station car park

- Only a few moments away from Cheltenham Train Station

- Charman Road is a sought after location, home to many shops, office, cafes and restaurants

- Potential to redevelop to 4 levels high subject to council approval

The property is currently lease on the following terms:

Rental: $57,680 per annum net
Term: 3 years which commenced 5th June 2011
Further Term: No further terms
Annual Increases: 3%
Security Deposit: $28,325
This property represents an exception opportunity to invest, occupy or redevelop in the heart of Cheltenham.

Call now to register your interest or to request further details.

Matthew Marenko 0409 355 123
matthew@crabtrees.com.au

Grant Tishler 0417 552 9...
grant@crabtrees.com.au

* = approx