ULTRA-RARE OPPORTUNITY WITHIN CHELTENHAM ACTIVITY CENTRE

Fitzroys is delighted to offer a rare opportunity to secure 2 land parcels within the heart of the Cheltenham commercial and lifestyle precinct for sale via Expressions of Interest closing Wednesday 26th August at 2pm.

Key attributes include:

•  Ultra-rare opportunity to secure 2 major land parcels within the thriving Cheltenham Activity Centre
•  147-149 Park Road- High profile corner site of 1,317sqm*
•  153 Park Road – Extensive landholding of 655sqm*
•  Offered separately or in "one line"
•  Leased until 2029 with no further options to Australia's largest independent funeral company ‘Tobin Brothers’
•  Suiting a range of buyer profiles including investors, occupiers, developers and value-add prosects (STPA)
•  Improvements consist of 427sqm* single level building with dual access points + associated car parking at 153 Park Road
•  Returning $212,328* per annum + GST and outgoings
•  Favourable Activity Centre Zoning promoting a range of future development outcomes (STPA)
•  Situated directly across from the recently revamped Cheltenham Train Station as well as the Charman Road shopping precinct
•  Excellent surrounding lifestyle and recreational amenity including Southland Shopping Centre, Victoria and Royal Melbourne Golf Courses, Cheltenham Park and more
•  Ultimate opportunity to unlock the huge upside of 2 underutilised land parcels within a growing south-east commercial and lifestyle precinct

For further information or an inspection, please contact Fitzroys selling agents David Bourke and Tom Fisher.

*Approx.