1, 138-140 Argus Street, Cheltenham, VIC 3192

Industrial | Offices | Showrooms

For Sale

  • Property ID: 443790
  • Floor Area: 175m²
  • Occupancy: Tenanted
FRONT OF ESTATE OF MIND.

For sale via Private Sale Closing Thursday 16th May at 3pm.

POINT OF INTEREST:

Bringing together modern high-end features coupled with elegant design, Unit 1 at The Argus is the perfect collaboration of a presentation conscious environment with corporate appeal. Pushing the boundaries in the hybrid office/warehouse asset class, the atrium ceilings cater for those who need small storage solutions or even a studio feel - just ask 3.14 Degree Pty Ltd who recently signed a 3-year lease to secure the premises. It’s this sharp attention to detail from collaborators Ikos Projects that sets this workspace apart from anything else in the area — including container height roller door accessed directly from Argus Street, front facing glass windows and 2 allocated car spaces. Well within the Bayside bubble, there is so much on your doorstep, which is perfect for those that can’t stray far from it — or want to, either.

- Currently leased to 3.14 Degree Pty Ltd on a 3-year term expiring Feb 2027, with a further 3-year option.
- $39,000 per annum in leasing income with 4% annual increases.
- 175 sqm* total building area.
- 72 sqm* first floor office.
- 103 sqm* of ground floor showroom / warehousing.
- Container height roller door.
- Private driveway accessed directly from Argus Street.
- 2 car spaces on Title.
- Electronic keyless locking mechanism at front entrances.
- 8 m* high rear atrium storage areas.
- 3.9 m* ground floor clearance to underside of office mezzanine.

POINT OF VIEW:

Expansive. Refined. All encompassing and Street facing. The ideal boutique office/showroom/warehouse.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Immediate.
  • Lease Term: 3 Years + 3 Years.
  • Rent Review: 4% Annual Increases, Market Reviews at Option.
  • Car Spaces: 2 allocated car spaces.
  • Condition: Highly Specified.
  • Air Conditioning: Yes - in office area.
  • Floors: Concrete and carpet.
  • Lifts: N/A
  • Height: 8 metres*.
  • Age: Brand New.
  • Car Parking Fees: N/A.
Outgoings
  • Water Rates: $796.56 p.a.*
  • Land Tax: $975.00 p.a.*
  • Council Rates: $2,134.87 p.a.*
  • Owners Corp. / Insurance: $3,170.20 p.a.*
Cheltenham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $5035 $166 3.29%
Offices $5581 $324 5.81%
Retail $5984 $337 5.63%
This is the average advertised price, rent and yield for Cheltenham, VIC 3192*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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