Situated on a sizable 914sqm approx. land parcel within the heart of Cheltenham, direct proximity to Cheltenham Train Station and surrounding cafes, restaurants, shops as well as offices and high density residential , anchored by Foodworks supermarket, Cellarbrations Liquor Store and supported by an additional mixed-use tenant generating a total net income of $176,890 , 25-29 Station Road offers an ideal opportunity to secure an income producing asset with future upside potential within the Bayside's growth corridor.
* Three tenancies generating $178,175 net income per annum + outgoings + GST
* High passing pedestrian traffic locale, with exposure to passing vehicle traffic
* Securely leased to established tenants including Foodworks, Cellarbrations Liquor Store
* Two Street Frontages (Rear access via Public Car Park)
* Activity Centre Zone
1/ Shop 25 Station Rd:
Tenant; Cellarbrations Liquor
Land size: 241 m2 ( approx. )
Lease: 5 years
Commencement date of term: 10/04/2022
Rental Return: $50,175 per annum approx. Plus GST and Outgoing
2/ Shop 27 Station Rd
Tenant; Blokes Psychology
Lease: 2 years
Commencement date of term: 15/05/2022
Rental return: $ 28,000 per annum approx. Plus GST+ outgoing
3/ Shop 29 Station Rd
Tenant: Foodworks Supermarket
Lease: Recent excised 3 further term of 10 years
Commencement date: 25/04/2020
Rental Return: $100,000 per annum approx. Plus GST + outgoing