23 Taunton Drive, Cheltenham, VIC 3192

Industrial

Sold

  • Property ID: 446583
  • Floor Area: 720m²
  • Land Area: 976m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 12/08/2024 720m2 976m2 Contact Agent
PERFECTLY BALANCED OFFICE/WAREHOUSE IN TIGHTLY HELD LOCATION

Offered with a current lease & scope to renegotiate or occupy after November 2025, this substantial office-warehouse is situated in one of the outer bayside suburbs most tightly-held industrial locales. Providing a well-balanced mix of office & warehouse space, these upscale premises are ideal to rent or occupy with scope to upgrade & tailor to individual needs. In a quiet crescent off Centre Dandenong Rd, these quality premises enjoy a tightly-held position in the only light-industrial precinct between Cheltenham's residential locale & Kingston Plaza shopping centre.

Substantial office-warehouse 720sqm* floorspace
- well balanced mix of office & warehouse space
- 2 two-level office ‘pods’ with their own entry

- currently fitted as 5 individual offices, easily reconfigured to suit

- immense clear-span, high-clearance warehouse space

- ceiling highpoint at 6m* with a 4.8m* auto-entry door
-
dual WC facilities, reverse-cycle air-con, 3 Phase power
- total land-holding of 976sqm*

- good access & easy unloading via central driveway
- excellent perpendicular street parking for staff & customers
Leased on a 3 year term until 23 November 2025
- annual 4% increase & no further options
- ideal arrangement for investors & owner-occupiers alike.

- returning $70,148pa with 4% annual increase

Adjacent the Moorabbin Airport industrial precinct

- close to new Chifley Business Park

- 1 minute to Kingston Plaza, DFO & Costco shopping
- 3 minutes to Dingley By-Pass access & Peninsula-Link Fwy beyond
- 5 minutes to Nepean Hwy’s big box retailers & car yards
- 20 minutes to Dandenong
- 40 minutes to the city via Nepean Hwy

Offered for private sale with settlement terms at 30, 60 or 90 days by negotiation.



*NB All prices exclude GST unless otherwise stated and all sizes are approximate.

Please feel free to contact us to discuss your commercial property needs.
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Cheltenham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $5731 $336 5.87%
Industrial $5295 $198 3.73%
Offices $5510 $321 5.82%
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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