Shops 1&2/278 Charman Road Cheltenham VIC 3192

Attention all investors looking for a fantastic income stream opportunity, this rare sale of 2 retail shops is via Expressions of Interest closing Thursday 30st November 2023 at 2:00 pm.

GA Industrial & Commercial is pleased to offer for sale this exquisite, fully renovated, long term investment opportunity in bustling Charman Rd Shopping Village; close to all shops and amenities, in immediate proximity to Cheltenham residential neighbourhood, at the ground floor of this erudite residential establishment.

Currently occupied by the popular franchise EVADO STUDIOS ( SOUTHERN) who offers a range of fitness services including Physiotherapy, Pilates, Fitness Classes, Personal Training, and have a thriving business supported by the local community and surrounding catchments.
The Australian health and fitness industry generates $8.5 billion of revenue annually.

On offer, 2 shops on separate titles, leased by one tenant, both retail premises are offered for sale as one.

Don't miss the opportunity to secure the purchase of this brilliantly positioned property, with the bus stop at the door and Cheltenham train station approximately 100m away, generating a huge exposure to daily pedestrian traffic.

Key Property Features :

Shop 1 is 113 sqm approx. and 2 car parks on title
Shop 2 is 129 sqm approx. and 2 carparks on title
Over 4 years left on the first term
2 further terms of 5 years each

Current NET rental income of $79,200
Tenant pays 100% outgoings
6 months Bank Guarantee
Register your interest now!

GA Industrial are the exclusively appointed agents. Please contact Gabriela Ammendola to obtain the Information memorandum, Contract of Sale or book an inspection. Weekends and after hours available.