283 - 287 Bay Road,
Cheltenham, VIC 3192
Development Sites & Land • Warehouse, Factory & Industrial • Offices
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Sale - Expression of Interest
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
283 - 287 Bay Road
Cheltenham, VIC 3192
Detailed listing
Map of 283 - 287 Bay Road
Train stations within 5 km of 283 - 287 Bay Road, Cheltenham, VIC 3192 Distance Highett Station 1 km Southland Station 1.4 km Cheltenham Station 2.2 km Moorabbin Station 2.3 km Sandringham Station 2.6 km POWERED BY HERE ©Tram stops within 5 km of 283 - 287 Bay Road, Cheltenham, VIC 3192 Distance 68-East Brighton/Hawthorn Rd (Brighton East) 4.8 km POWERED BY HERE ©Bus stops within 5 km of 283 - 287 Bay Road, Cheltenham, VIC 3192 Distance Avoca St/Bay Rd (Cheltenham) 150 m Brixton Rd/Bay Rd (Cheltenham) 161 m Cloyne St/Bay Rd (Cheltenham) 189 m Middleton St/Bay Rd (Cheltenham) 326 m Aberdeen Rd/Bay Rd (Sandringham) 365 m POWERED BY HERE ©
POWERED BY HERE ©
Landmark 3,400sqm Site Adjacent to ALDI | Short Term Leases - RIpe for Development
- 3,400sqm* Corner Site Over 3 Titles
- Significant 116 metre* Dual Frontage
- Strong Holding Income & C2Z
Burgess Rawson in conjunction with DBRE are delighted to present to market 283, 285-287 Bay Road & 2 Tibrockney Street, Cheltenham VIC for sale via Expressions of Interest closing Thursday 23 May at 4pm AEST.
This opportunity has the following key highlights:
+ Prominent 3,400 sqm* Commercial 2 Zoned site, within inner-south east Bayside Melbourne.
+ Strong holding income via short term leases to longstanding and well established tenants, Monjon Security and Premier Pavers.
+ Valuable Commercial 2 Zoning provides significant scope for multiple development outcomes with only 6.94%^^^ of Cheltenham with the same zoning.
+ Well maintained and presented 2,149sqm* buildings with a versatile mix of warehouse, showroom and office providing strong re-purposing potential for owner occupiers or investors.
+ Prime 116 metre* dual street frontages to Bay Road and Tibrockney Street ensuring excellent exposure and multiple access points.
+ Offered for sale with three (3) titles and scope to occupy, lease or sell-down individually.
+ Directly adjacent to ALDI & central to Tradelink, National Storage, Dan Murphy’s & Westfield Southland.
+ Position perfect with easy access to main arterials including Bluff Road, Beach Road, South Road and the Nepean Highway.
+ Cheltenham: South-east metropolitan suburb 18km** from Melbourne CBD with a median house price of $1,200,000.^^
+ Cheltenham: Features two train stations and is included in the Victorian Government Suburban Rail Loop Project ($216b)*** due for completion in 2035
+ City of Bayside: affluent LGA, population forecast to grow 17% to 125,879 by 2041.
+ Opportunity for developers, owner occupiers, land-bankers and/or investors to take advantage of the multiple titles and record high rental growth.
+ Estimated Holding Income: $412,000 pa* + GST
To be sold by Expressions of Interest
Closing Thursday 23 May 2024 at 4pm AEST
Burgess Rawson
Shaun Venables | 0411 860 8...
David Napoleone | 0417 308 0...
Romanor Falconer | 0413 830 8...
Matthew Wright | 0458 290 588
DBRE
David Bancroft | 0418 318 7...
James Davie l 0412 209 696
*Approx
**Domain.com.au
***AustralianFinancialReview
^Forecast.id
^^Realestate.com.au
^^^Landchecker.com.au
This opportunity has the following key highlights:
+ Prominent 3,400 sqm* Commercial 2 Zoned site, within inner-south east Bayside Melbourne.
+ Strong holding income via short term leases to longstanding and well established tenants, Monjon Security and Premier Pavers.
+ Valuable Commercial 2 Zoning provides significant scope for multiple development outcomes with only 6.94%^^^ of Cheltenham with the same zoning.
+ Well maintained and presented 2,149sqm* buildings with a versatile mix of warehouse, showroom and office providing strong re-purposing potential for owner occupiers or investors.
+ Prime 116 metre* dual street frontages to Bay Road and Tibrockney Street ensuring excellent exposure and multiple access points.
+ Offered for sale with three (3) titles and scope to occupy, lease or sell-down individually.
+ Directly adjacent to ALDI & central to Tradelink, National Storage, Dan Murphy’s & Westfield Southland.
+ Position perfect with easy access to main arterials including Bluff Road, Beach Road, South Road and the Nepean Highway.
+ Cheltenham: South-east metropolitan suburb 18km** from Melbourne CBD with a median house price of $1,200,000.^^
+ Cheltenham: Features two train stations and is included in the Victorian Government Suburban Rail Loop Project ($216b)*** due for completion in 2035
+ City of Bayside: affluent LGA, population forecast to grow 17% to 125,879 by 2041.
+ Opportunity for developers, owner occupiers, land-bankers and/or investors to take advantage of the multiple titles and record high rental growth.
+ Estimated Holding Income: $412,000 pa* + GST
To be sold by Expressions of Interest
Closing Thursday 23 May 2024 at 4pm AEST
Burgess Rawson
Shaun Venables | 0411 860 8...
David Napoleone | 0417 308 0...
Romanor Falconer | 0413 830 8...
Matthew Wright | 0458 290 588
DBRE
David Bancroft | 0418 318 7...
James Davie l 0412 209 696
*Approx
**Domain.com.au
***AustralianFinancialReview
^Forecast.id
^^Realestate.com.au
^^^Landchecker.com.au
Property ID: 504571124Last Updated: 3 May 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
DBRE PTY LTD - Moorabbin121 Chesterville Road
MOORABBIN, VIC 3189
MOORABBIN, VIC 3189
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