Track Record

SOLD – 1 Hewitt Street, Cheltenham

July 10, 2020
High, Wide and Light

1 Hewitt Street, Cheltenham – SOLD $965,000

Despite a difficult market and uncertainty around the global COVID-19 pandemic, demand for quality, classic brick warehouses in the Cheltenham and Moorabbin regions continues to be strong.

The latest example of this was the sale of 1 Hewitt Street, Cheltenham by Andrew Pannam, Sales and Leasing Executive, for $965,000.  Set on land of approximately 619sqm, the 418sqm building therefore sold at the rate of about $2,308 psm.

“This property generated a lot of interest,” explains Mr Pannam.  “We had 76 enquires for it, and received several really good offers.  It was eventually sold with vacant possession to a local owner occupier looking to expand their business.”

In additional to its 6-metre clear span flat roof, the building has large front and rear electric roller doors, 3-phase power, an office area, and staff facilities.  Also, at the rear of the property, is a 95sqm hardstand yard.

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We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.