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Investment Highlights

  • Modern interiors feature kitchenette, bathroom, and shower facilities.
  • Flexible Industrial 1 Zoning (IN1Z) supporting broad business uses (STCA).
  • Positioned in a tightly held Bayside location with direct access to major arterials.

Executive Summary

134–136 Argus Street comprises a contemporary commercial complex designed to accommodate a range of businesses requiring adaptable spaces. The development includes multi-level, strata-titled units with modern amenities, security access, and allocated parking, creating an ideal environment for office, creative, and light industrial operators. The precinct benefits from Industrial 1 Zoning, supporting flexible uses (STCA), and is positioned moments from Nepean Highway, Warrigal Road, and key transport links that connect Melbourne’s bayside and southeastern corridors. Surrounding the property is a vibrant blend of retail and amenity, with Westfield Southland and DFO Moorabbin located within a short drive. This strategic location within the highly sought-after Bayside market ensures excellent accessibility, lifestyle appeal, and enduring demand for quality commercial space.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 5
  • 2,131 SF
  • Industrial
  • Upon Request
  • -
Sale Type Investment or Owner User
APN/Parcel ID 5\PS922678
Description
Unit 5 offers approximately 198 sqm of modern and versatile commercial space within a secure, gated complex in Cheltenham’s established industrial precinct. Spread across multiple levels, the unit includes premium features such as a private kitchenette, bathroom, and on-site shower, providing convenience for staff and visitors. Two dedicated car spaces add further functionality, while the layout ensures suitability for a wide range of business uses under Industrial 1 Zoning (IN1Z). Enhanced with a contemporary finish and abundant natural light, this property offers immediate operational readiness with the flexibility for customization based on specific business needs.
Sale Notes
Secure high-quality commercial unit of approximately 198 sqm within a gated complex featuring modern amenities.
Includes kitchenette, bathroom with shower facility, and two allocated car spaces.
Located in a prime Cheltenham position with excellent access to major arterials and leading retail hubs.
Unit Unit Size Condo Use Price NOI
Unit 5 2,131 SF Industrial Upon Request -

Unit 5

Unit Size
2,131 SF
Condo Use
Industrial
Price
Upon Request
NOI
-

Unit 5

Unit Size 2,131 SF
Condo Use Industrial
Price Upon Request
NOI -
Sale Type Investment or Owner User
APN/Parcel ID 5\PS922678
Description
Unit 5 offers approximately 198 sqm of modern and versatile commercial space within a secure, gated complex in Cheltenham’s established industrial precinct. Spread across multiple levels, the unit includes premium features such as a private kitchenette, bathroom, and on-site shower, providing convenience for staff and visitors. Two dedicated car spaces add further functionality, while the layout ensures suitability for a wide range of business uses under Industrial 1 Zoning (IN1Z). Enhanced with a contemporary finish and abundant natural light, this property offers immediate operational readiness with the flexibility for customization based on specific business needs.</li></ul>
Sale Notes
Secure high-quality commercial unit of approximately 198 sqm within a gated complex featuring modern amenities.<br> Includes kitchenette, bathroom with shower facility, and two allocated car spaces.<br> Located in a prime Cheltenham position with excellent access to major arterials and leading retail hubs.</li></ul>

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 16,264 SF
Property Type Industrial (Condo)
Property Subtype Warehouse
Building Class C
Floors 3
Typical Floor Size 5,425 SF
Lot Size 0.45 AC
  • Listing ID: 40341436

  • Date on Market: 2026-04-30

  • Last Updated:

  • Address: 134-136 Argus St, Cheltenham, VIC 3192

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