RWC Oakleigh is thrilled to present 270 Warrigal Road, Cheltenham to the market which will be offered via a public on-site Auction scheduled for Wednesday 16th October 2024 at 11:30 am.
This is an accessible entry point into Bayside's fiercely localised and lucrative market with everything from frontage to Warrigal road and a generous portion of land offering development potential. And all with a freehold title. That's right - no owners corporation here. To be sold with a month to month tenancy giving an opportunity to Invest or occupy now, develop a little later..
Additionally, it is surrounded by a vibrant mix of restaurants, cafes, and other retailers, making it an ideal investment opportunity.ensuring excellent exposure and convenient access to key arterials such as Nepean Hwy, Dingley Bypass and Centre Dandenong Road.
The rear right of way access behind the shops makes for exceptional access to future development of the rear land. We could see a retail offering on the ground floor with a boutique residential build behind, climbing to a two-level height to enjoy the views of the oval and over to the golf course. You wouldn't be the first; the neighbour to the left has completed exactly that. And when you can say that you have Mentone Beach, the Frankston line, and Southland Shopping Centre within one-kilometre.
Property Attributes:
• Land area | 187m2*
• Building area | 90m2*
• Rear access leading into a garage/storage shed
• Current rental | $29,400p/a net
• Current tenant on a month to month tenancy
• Long standing bakery. In occupation for ten (10) plus years
• Parking via rear laneway
• Zone | Commercial 1 Zone (C1Z)
• Excellent exposure to Warrigal Road
• Future development or add value upside (STCA)
• Visitor car parking directly at front
Inspection Times:
• Tuesday 24th September 2024 | 3:00pm - 3:30pm
• Tuesday 1st October 2024 | 3:00pm - 3:30pm
• Tuesday 8th October 2024 | 3:00pm - 3:30pm
• Wednesday 16th October 2024 | 11:00am - 11:30am (Auction Day)
For further information and to obtain a copy of the contract or information memorandum, please contact one of the exclusive marketing agents below:
George Kelepouris | 0425 798 677
Anthony Anastopoulos | 0488 095 057
*All areas and figures approximates only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents