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1176 Nepean Highway 409 SF Office Condo Unit in Cheltenham, VIC 3192
Investment Highlights
- The building provides communal access and is managed under strata governance to maintain common areas.
- Positioned within a well-connected location, the property benefits from proximity to public transport services on Nepean Highway.
- Basement car parking is available for occupants of the building.
Executive Summary
The building is a mixed-use commercial property located on Nepean Highway in Cheltenham, Victoria. It comprises multiple commercial suites suitable for office, consulting, or related uses. The structure includes shared amenities accessible to occupants, including a shared waiting area and shower. Parking facilities are provided in the basement, and individual suites have separate utility metering. The property is positioned within an established precinct with convenient transport access and surrounding commercial activity.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 1 |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
Description
The property is located within a multi-unit strata building positioned along Nepean Highway in Cheltenham, Victoria. It comprises a first-floor unit and forms part of a complex that includes shared amenities such as waiting areas and a shower facility. The development provides basement car parking and allows for individual services like separate electricity metering for each lot. Access to the property is by common entry points, and the building is situated within proximity to public transport links.
Sale Notes
The property is currently leased under a tenancy agreement commencing on June 9, 2024, with a term of one year and two further one-year options. The annual rental income is $9,880 plus GST and outgoings. The tenancy is structured on standard commercial terms for the region, and the property benefits from strata management overseeing common areas and facilities. Additional information regarding strata fees, insurance, and sinking fund contributions is managed under the owners corporation framework.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 5 | 409 SF | Office | Upon Request | - |
Unit 5
| Unit Size |
| 409 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| - |
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Unit 5
| Unit Size | 409 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
| Description | |
| The property is located within a multi-unit strata building positioned along Nepean Highway in Cheltenham, Victoria. It comprises a first-floor unit and forms part of a complex that includes shared amenities such as waiting areas and a shower facility. The development provides basement car parking and allows for individual services like separate electricity metering for each lot. Access to the property is by common entry points, and the building is situated within proximity to public transport links.</li></ul> | |
| Sale Notes | |
| The property is currently leased under a tenancy agreement commencing on June 9, 2024, with a term of one year and two further one-year options. The annual rental income is $9,880 plus GST and outgoings. The tenancy is structured on standard commercial terms for the region, and the property benefits from strata management overseeing common areas and facilities. Additional information regarding strata fees, insurance, and sinking fund contributions is managed under the owners corporation framework.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 8,697 SF | Floors | 2 |
| Property Type | Office (Condo) | Typical Floor Size | 4,349 SF |
| Building Class | C | Lot Size | 0.14 AC |
| Total Building Size | 8,697 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 4,349 SF |
| Lot Size | 0.14 AC |
Amenities
- 24 Hour Access
- Reception
- Central Heating
- Common Parts WC Facilities
- Natural Light
- Partitioned Offices
- Shower Facilities
- Air Conditioning
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1176 Nepean Highway
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