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1267-1269 Nepean Highway 10,387 SF Retail Building Cheltenham, VIC 3192 For Sale
Investment Highlights
- Nine on-site car parking spaces are provided for convenience and accessibility.
- The property occupies a corner location with dual street frontages along Nepean Highway.
- It includes both commercial and residential improvements on a single landholding of approximately 1,273 square meters.
Executive Summary
1267-1269 Nepean Highway presents a rare opportunity to acquire a substantial freehold asset on a highly visible corner location in the established Cheltenham precinct. The property spans approximately 1,273 square meters of land and combines a commercial component with a separate residential tenancy, creating immediate holding income alongside compelling long-term redevelopment prospects. Featuring two street frontages and nine on-site parking spaces, the site benefits from strong surrounding demand drivers and outstanding connectivity.
Positioned meters from the iconic Southland Shopping Centre and close to major national retailers, this property’s location ensures relevance for multiple end-users—including owner-occupiers, developers, and investors. With estimated commercial rental potential of $150,000 per annum net and an existing residential lease yielding $30,160 annually, the asset offers flexibility for value enhancement strategies. The current improvements include a modern fit-out within the commercial building, complementing the scale and prominence of the corner site.
Positioned meters from the iconic Southland Shopping Centre and close to major national retailers, this property’s location ensures relevance for multiple end-users—including owner-occupiers, developers, and investors. With estimated commercial rental potential of $150,000 per annum net and an existing residential lease yielding $30,160 annually, the asset offers flexibility for value enhancement strategies. The current improvements include a modern fit-out within the commercial building, complementing the scale and prominence of the corner site.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
10,387 SF
Building Class
C
Tenancy
Single
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.31 AC
Parking
9 Spaces (0.76 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Air Conditioning
Nearby Major Retailers
1 of 8
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1267-1269 Nepean Highway
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