322-324 Charman Road Cheltenham VIC 3192

AUCTION WEDNESDAY 30TH NOVEMBER AT 12NOON ON SITE

This huge corner profile investment really comes close to the perfect trophy asset to add to your property portfolio.

A once in a generation retail investment opportunity, it is easy to see why it ticks the boxes in one of Bayside's booming and highly populated suburbs.

Anchored by Charman Road Pharmacy, the tenants are all well-established within this impressive building and will provide the lucky purchaser a long term and secure investment

Key features include:

TENANTS
* Three (3) separate tenancies
* Two (2) office tenants on the first floor and Charman Road Pharmacy on ground floor
* Total net rental: $168,734 p.a + GST + Outgoings
* Charman Road Pharmacy rental: $108,868 p.a
* Pharmacy lease term expiry: January 2028 + options
* Office suites total rent: $59,866 p.a + outgoings
* Lease term expiry (office suites): June/July 2024 + options
* A tenancy schedule is available upon request

BUILDING
* Impressive two (2) level freestanding corner building: 650sqm*
* Male & female toilets on both levels
* Car parking at rear providing five (5) car spaces
* Rear door, ideal for unloading deliveries
* Suit a variety of different tenants (long term)

LAND
* Favourable Activity Centre (ACZ1) zoning
* Huge landholding: 401sqm*
* Incredible street frontage of 47m*
* Future residential development upside (STCA)

For further details or to arrange an inspection please contact:

James Glen 0401 493 277
Matt Nichols 0418 186 488

OPEN FOR INSPECTION TIMES

Tuesday 8th November: 1:00pm -1:30pm
Friday 11th November: 12.00pm - 12.30pm
Tuesday 15th November: 1:00pm -1:30pm
Tuesday 22nd November: 1:00pm -1:30pm

PLEASE NOTE:

* Inspections are carried out in accordance with strict Covid-19 Protocols. For further details contact the Estate Agent.

* All information and measurements are approximates. All images subject to copyright. Unauthorized use is strictly prohibited.