May 23, 2019

Perfectly Balanced Investment

Closing Thursday, June 13 at 3:00pm

1301-1303 Nepean Highway, Cheltenham

Few commercial property investment opportunities come onto the market that tick as many boxes as 1301-1303 Nepean Highway, Cheltenham.

Set in a great location and leased to a well-established tenant until 2034 (including options), Nichols Crowder is selling the property via an Expression of Interest campaign closing Thursday, June 13 at 3:00pm.

With a land area of approximately 1,272sqm, the property includes two buildings totalling around 435sqm that have been leased to Cheltenham Physiotherapy Clinic for the past 25 years.  The current net income is $125,000 per annum.

Zoned General Residential 3 and with parking for 15 cars, the property offers flexibility and options.

“Due to its zoning and proximity to Westfield Southland, this makes a great investment,” explains Julian Vautin, Sales and leasing Executive.  “We expect it to sell close to land value, and with a long-term tenant, the property makes an ideal residential development site down the track,” he adds.

For further details contact: JULIAN VAUTIN 0420 406 660