Stonebridge Property Group is pleased to present for sale 310-312 Charman Road, Cheltenham.

The key highlights of the opportunity include:

• 2 adjoining Charman Road shops with 10 m* of rare street exposure to Cheltenham’s thriving retail precinct
• The property is partially leased, providing immediate value add or occupier potential (STCA)
• Flexible 357 sqm* Activity Centre zoned landholding with rear access and favourable surrounding height precedent – ideal for future development (STCA)
• 312 Charman Road is currently leased by longstanding tenant McKenzie-Smith Butchers, which boasts a 5-star Google rating
• Strategically located just 50 m* from Cheltenham Train Station – the heavily trafficked station is utilised by 823,400^ commuters annually, providing consistent levels of passing foot traffic
• Positioned within Cheltenham’s prized activity centre precinct, only 750 m* from Westfield Southland Shopping Centre and neighbouring high-density mixed-use developments that underpin the precincts retail activity
• Charman Road is a proven retail location with an eclectic mix of national retailers (Chemist Warehouse, BWS, Domino’s), cafes, restaurants, and local businesses
• The property benefits from a 3-level council car park to the rear boosting property exposure and added tenant/customer convenience
• Potential fully leased income of $95,000 per annum* (currently providing a passing income of $52,000* + GST with 5% annual increases)

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

*Approximately
^Source: 2018-2019 FY