MIXED USE INVESTMENT + DEVELOPMENT TWIST

Tsimos Commercial in conjunction with Quinn Property Co are offering this brilliant mixed-use investment in the heart of Cheltenham Retail Precinct.

This unique freehold property offers:

~ Multiple Income Streams

~ A great opportunity to add more rental value

~ Prime Cheltenham Retail Hub

~ Site area 237sqm*, with rear laneway access

~ Favourable Activity Centre zoning for future development (STCA)

~ Current income of $61,500pa* from two existing tenancies

SECURELY LEASED:
Two secure, separately accessed tenancies across a renovated two-level building ~ ground floor retail (BE Conveyancing + Law Collective, market rent review November 2027 plus a 2-year option) and a residential tenancy extended through to mid 2027, providing guaranteed income.

FUTURE POTENTIAL (ADD FURTHER INCOME):
12 Station Road has the real potential to add more rental income by converting the rear garage to an approved café which would increase the annual rental to $90,000 per annum* — lifting the yield significantly. That uplift isn't speculative; it's sitting on approved, designed, ready-to-build plans.

WHY CHELTENHAM:
Steps from the Charman Road strip (140+ businesses), national tenants including Chemist Warehouse, Bakers Delight, Subway and Domino's, and excellent access to Nepean Highway and Southland. Approximately 24,000 residents in the surrounding area (2021 Census), a newly upgraded Cheltenham Station and three-level car park, and the Suburban Rail Loop under construction locally. Activity Centre zoning also leaves the door open for further development, STCA.

* Approximate

OPEN FOR INSPECTIONS:
Wednesday 26 August 11.00am - 11.30am
Wednesday 2 September 11.00am - 11.30am
Wednesday 9 September 11.00am - 11.30am

For further details please contact the listed agents:

Matt Brown - 0418 599 486
Tsimos Commercial

Andrew Pannam - 0433 518 555
Tsimos Commercial

Julian Vautin - 0420 406 660
Quinn Property Co.

NOTE ~ All boundary outline indications in marketing material and images are indicative only/refer to title for exact boundary dimensions.