1297A Nepean Hwy, Cheltenham
Wednesday 12th April at 12noon on site
A versatile retail showroom with development potential (STCA) at 1279A Nepean Highway, Cheltenham is coming up for auction. With a ground floor showroom of 398sqm, plus a large mezzanine area, the property on 528sqm is being sold with vacant possession. Although this makes it ideal for an owner occupier, an investor could put in their own tenant. An added bonus is that the property is zoned by Kingston City Council as Activity Centre 1.
Julian Vautin, Sales and Leasing Executive, explains, “The property’s zoning means that there is potential to build up to 4 stories high (STCA), providing opportunities for developers. With its prime location close to Westfield’s Southland shopping centre and public transport, as well as around 70,000 passing cars a day, the zoning significantly adds to the property’s value.”
Additional features of the property include air conditioning, security system, underground water tank, and side and rear roller door access. It also has high ceilings of approximately 5 metres, and on-site parking. The property’s side laneway access provides additional flexibility, with its frontage totalling 55 metres.
For further information please contact:
Julian Vautin 0420 406 660
Matt Nichols 0418 186 488
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.