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CBRE - Victoria

St James Terrace, 294-296 Warrigal Road & 157 Centre Dandenong Road Cheltenham, VIC 3192

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St James Terrace, 294-296 Warrigal Road & 157 Centre Dandenong Road,
Cheltenham, VIC 3192

Medical & Consulting • Development Sites & Land

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CBRE - Victoria
St James Terrace, 294-296 Warrigal Road & 157 Centre Dandenong Road
Cheltenham, VIC 3192
CBRE - Victoria
Nathan Mufale
David Minty
Marcello Caspani-Muto
Jimmy Tat

CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

Map of St James Terrace, 294-296 Warrigal Road & 157 Centre Dandenong Road

Directions
  • Train stations within 5 km of St James Terrace, 294-296 Warrigal Road & 157 Centre Dandenong Road, Cheltenham, VIC 3192Distance
    Cheltenham Station1.7 km
    Mentone1.9 km
    Southland Train Station2.4 km
    Parkdale Station2.9 km
    Highett Station3.5 km
    POWERED BY HERE ©
  • Bus stops within 5 km of St James Terrace, 294-296 Warrigal Road & 157 Centre Dandenong Road, Cheltenham, VIC 3192Distance
    Centre Dandenong Rd/Warrigal Rd (Cheltenham)47 m
    Warrigal Rd/Centre Dandenong Rd (Cheltenham)107 m
    Tanti St/Warrigal Rd (Cheltenham)157 m
    Merton CL/Centre Dandenong Rd (Cheltenham)248 m
    Herald St/Centre Dandenong Rd (Cheltenham)293 m
    POWERED BY HERE ©
POWERED BY HERE ©

FULLY LEASED RESIDENTIAL SERVICES FACILITY WITH LONG TERM INCOME + DEVELOPMENT SCOPE

  • Substantial 3,266sqm Landholding
  • Renewed Lease To 2024
  • Over $400,000p.a. Passing income
CBRE Victorian Development Sites and CBRE Healthcare & Social Infrastructure are proud to exclusively present 294-296 Warrigal Road & 157 Centre Dandenong Road, Cheltenham – A highly reputable residential services investment offering long term income plus development scope.

+ Passing income of $414,797p.a + annual increases & bank guarantee with highly valuable existing improvements.

+ Renewed four (4) year lease to St James Terrace to 2024 & land tax exempt

+ Residential Services Facility featuring 51 beds (all single with en suite) and sizeable at grade parking area’s

+ Substantial underlying landholding of 3,266sqm* zoned General Residential offering multiple street frontages exceeding 30m* to Warrigal and Centre Dandenong Roads.

+ Highly trafficked and well exposed location underpinned by aged care, healthcare, fuel and retail amenity

+ Located 1.8km* to Westfield Southland - a super-regional shopping centre anchored by Woolworths, Coles, Aldi, Myer, David Jones and Village Cinemas

+ Other amenity and attractions including DFO Shopping Centre & Kingston Central Plaza 1km*, 1.8km* to Moorabbin Airport, 3km* to Costco, 2.8km* to Mentone Beach, 1km* to Kingston Heath Golf Course.

+ Multiple public transport options in Cheltenham Train Station 1.7km* and 828 bus route which travels to Southland, Highett Road and Hampton Street retail strips.

+ Only 1.5km* to Nepean Highway a major arterial connecting to Melbourne’s CBD (18km*) and south-eastern suburbs.

FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 9TH DECEMBER AT 2:00PM (AEDT)

Nathan Mufale
+61 416 789 218

David Minty
+61 422 564 199

Marcello Caspani-Muto
+ 61 417 065 777

Jimmy Tat
+61 439 399 188

Property ID: 503695578Last Updated: 24 Nov 2020

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CBRE - Victoria
CBRE - Victoria
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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Nathan Mufale

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Nathan Mufale
CBRE - Victoria
St James Terrace, 294-296 Warrigal Road & 157 Centre Dandenong Road Cheltenham, VIC 3192

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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