St James Terrace, 294-296 Warrigal Road & 157 Centre Dandenong Road,
Cheltenham, VIC 3192
Key property information
Map of St James Terrace, 294-296 Warrigal Road & 157 Centre Dandenong Road
Train stations within 5 km of St James Terrace, 294-296 Warrigal Road & 157 Centre Dandenong Road, Cheltenham, VIC 3192 Distance Cheltenham Station 1.7 km Mentone 1.9 km Southland Train Station 2.4 km Parkdale Station 2.9 km Highett Station 3.5 kmPOWERED BY HERE © Bus stops within 5 km of St James Terrace, 294-296 Warrigal Road & 157 Centre Dandenong Road, Cheltenham, VIC 3192 Distance 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 mPOWERED 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
+ 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)
+61 416 789 218
+61 422 564 199
+ 61 417 065 777
+61 439 399 188
Property ID: 503695578Last Updated: 24 Nov 2020