FULLY LEASED INVESTMENT METRES FROM CHELTENHAM STATION

PRIVATE SALE ~ $1,200,000 ex GST (Or Nearest Offer)

Located in the bayside suburb of Cheltenham and being well connected to public transport, great coffee options and a local IGA supermarket, this fully leased shop and dwelling is the ideal investment for any investor seeking a healthy return with secure tenancies.

Enjoy rental income of $59,000 per annum (approx) from two secure lease agreements - including a long term retail tenant and also a stunning 3 bedroom residence.

Key features include:

~ Shop & Dwelling freehold - each separately accessed and separately leased
~ High quality, renovated building over two levels
~ Ground floor shop tenant (Robertson Conveyancing) has just extended lease through to 2029
~ Residence is in great condition and seen excellent rental growth
~ Activity Centre zoning allowing for future development (STCA)
~ Site area of 237sqm (approx) with rear access

Location benefits:

~ Located near the bustling Charman Road retail strip, home to 140 businesses
~ Close to national tenants: Chemist Warehouse, Bakers Delight, Subway, and Domino's Pizza
~ Excellent connectivity to Nepean Highway, Southland Shopping Centre, and public transport
~ High population growth area with approximately 24,000 residents (2021 Census)
~ Recently upgraded Cheltenham Train Station & three-level car park
~ Suburban Rail Loop being built in Cheltenham

PRIVATE SALE
Inspections by appointment only