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309 Reserve Rd 5,059 SF Industrial Building Cheltenham, VIC 3192 For Sale
Investment Highlights
- Located opposite Victoria Golf Club and near Tulip Street in Cheltenham.
- Includes a functional 470 sqm building suitable for industrial use.
- Positioned within a growing sporting and leisure precinct with strong redevelopment potential.
- Significant landholding of approximately 1,873 sqm with low site coverage.
- Offered with a one-year lease, providing initial income for buyers.
Executive Summary
This industrial property at 309 Reserve Road offers a rare opportunity for owner occupiers or developers seeking a versatile site in Cheltenham’s thriving commercial precinct. Positioned opposite the Victoria Golf Club and near Tulip Street, the property combines a substantial landholding of approximately 1,873 sqm with a functional 470 sqm building, resulting in a low site coverage of 25%.
Currently leased for one year, the asset provides immediate holding income while allowing flexibility for future plans. The surrounding area is evolving into a dynamic sporting and leisure hub, with golf courses, basketball centers, and fitness facilities driving demand for complementary uses. The site’s Commercial 2 zoning and proximity to major arterials enhance its redevelopment potential, with possibilities including hospitality venues, branded food outlets, service stations, or showroom/warehouse configurations.
For investors and developers, the neighboring property’s approved permit for an eight-level hotel underscores the growth trajectory of this corridor. With strong connectivity to public transport and Southland Shopping Centre nearby, this property represents a strategic acquisition in a high-demand location.
Currently leased for one year, the asset provides immediate holding income while allowing flexibility for future plans. The surrounding area is evolving into a dynamic sporting and leisure hub, with golf courses, basketball centers, and fitness facilities driving demand for complementary uses. The site’s Commercial 2 zoning and proximity to major arterials enhance its redevelopment potential, with possibilities including hospitality venues, branded food outlets, service stations, or showroom/warehouse configurations.
For investors and developers, the neighboring property’s approved permit for an eight-level hotel underscores the growth trajectory of this corridor. With strong connectivity to public transport and Southland Shopping Centre nearby, this property represents a strategic acquisition in a high-demand location.
Property Facts
| Sale Type | Investment | Rentable Building Area | 5,059 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Parking Ratio | 2.77/1,000 SF |
| Lot Size | 0.46 AC | No. Drive In / Grade-Level Doors | 1 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.46 AC |
| Rentable Building Area | 5,059 SF |
| No. Stories | 1 |
| Tenancy | Single |
| Parking Ratio | 2.77/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
Amenities
- Signage
- Reception
- Automatic Blinds
- Recessed Lighting
- Air Conditioning
- On-Site Power Generation
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309 Reserve Rd
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