News & Insights
FOR SALE BY EOI: Nepean Highway Duo
October 30, 2020
Friday 30 October 2020
Nepean Highway Duo – Occupy/Invest
1238-1240 Nepean Highway, Cheltenham
For investors and owner occupiers looking for flexibility and potentially multiple income streams, Nichols Crowder has the ideal property at 1283-1240 Nepean Highway, Cheltenham.
The property comprises two showroom buildings, one of which one is currently vacant, and the other leased for $40,000 per annum. Both showroom premises are on separate titles, and are being offered individually or as one.
Situated on a total landholding of approximately 1,354sqm, 1238 Nepean Highway features a vacant showroom of approximately 450sqm and 1240 Nepean Highway comprises a leased showroom of around 220sqm. These are quality buildings with good signage exposure to busy Nepean Highway. Approximately 70,000 cars pass the property each weekday, and it is close to popular Charman Road shops and Cheltenham train station.
“There has been major government infrastructure investment in the area, including the removal of nearby railway level crossings,” explains Julian Vautin, Sales and leasing Executive. “And with potential development opportunity of up to 7 levels (STCA) due to its flexible Activity Centre zoning, this property is sure to attract a lot of interest.”
CLICK HERE for further information
For further details contact:
Julian Vautin 0420 406 660
Matt Nichols 0418 186 488
NB: Inspections are by appointment carried out in accordance with strict COVID-19 directions. All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.