147-149 & 153 Park Road, Cheltenham, VIC 3192

Fitzroys is delighted to offer a rare opportunity to secure 2 land parcels within the heart of the Cheltenham commercial and lifestyle precinct for sale via Expressions of Interest closing Wednesday 26th August at 2pm.

Key attributes include:

- Ultra-rare opportunity to secure 2 major land parcels within the thriving Cheltenham Activity Centre

- 147-149 Park Road- High profile corner site of 1,317sqm*

- 153 Park Road – Extensive landholding of 655sqm*

- Offered separately or in "one line"

- Leased until 2029 with no further options to Australia's largest independent funeral company ‘Tobin Brothers’

- Suiting a range of buyer profiles including investors, occupiers, developers and value-add prosects (STPA)

- Improvements consist of 427sqm* single level building with dual access points + associated car parking at 153 Park Road

- Returning $212,328* per annum + GST and outgoings

- Favourable Activity Centre Zoning promoting a range of future development outcomes (STPA)

- Situated directly across from the recently revamped Cheltenham Train Station as well as the Charman Road shopping precinct

- Excellent surrounding lifestyle and recreational amenity including Southland Shopping Centre, Victoria and Royal Melbourne Golf Courses, Cheltenham Park and more

- Ultimate opportunity to unlock the huge upside of 2 underutilised land parcels within a growing south-east commercial and lifestyle precinct

For further information or an inspection, please contact Fitzroys selling agents David Bourke and Tom Fisher.

*Approx.

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