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Stonebridge Property Group is pleased to present 157 Park Road, Cheltenham, offered for sale in one line via Expressions of Interest (EOI).
157 Park Road is a highly versatile freehold investment in one of Melbourne’s bayside suburbs’ acclaimed retail and residential precincts, comprising 20 flats plus a retail shop.
Key highlights of the opportunity include:
- Modern block of 20 spacious and well-designed residential apartments plus a ground floor retail shop – to be offered in one line
- Enormous potential for value-add and rental uplift through re-leasing of existing flats, or selling down units individually (STCA)
- Providing a diverse fully let net annual income of $465,743* + GST (less all costs inc land tax)
- Building configuration includes 14 x 1-bedroom, 6 x 2-bedroom apartments and ground floor retail shop with 21 on-site car spaces
- All of the 20 apartments have been recently renovated to the highest quality and come with landlord-provided appliances, including fridges, dishwasher, ovens and more
- Near-new build resulting in significant tax depreciation (schedule available upon request)
- Dual street frontage landholding of 590 sqm* allows for flexibility of access to the property for future development
- Within the affluent bayside suburb of Cheltenham that boasts a median house price of $1,300,000^, which is $345,000 higher than the Metro Melbourne median, and with a median unit price of $750,000^
- Excellent transport linkages only 150 m* to Cheltenham Train Station, bus stops along Park Road, and in close proximity to both the Nepean Highway and Centre Dandenong Road providing direct access to the Melbourne CBD
- A location that suits families, young professionals, down-sizers and retirees, being only a short walk to a vast array of lifestyle amenities including Southland Shopping Centre (700 m*), Cheltenham Park (450 m*), Victoria Golf Club (830 m*), and Half Moon Bay Beach (3.7 km*)
157 Park Road, Cheltenham is for sale via Expressions of Interest closing Thursday 13th November 2025 at 2pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Max Warren
0488 296 892
Dylan Kilner
0459 396 341
Chao Zhang
0411 625 068
如需任何中文咨询，请联系我们亚洲业务团队的Chao Zhang 张超，联系电话：0411 625 068，并可随时加他的微信（微信号：chaozeee）。
*Approximately
^ REIV
Property Code: 1479
Remember to mention you found this property on CommercialReady
Stonebridge Property Group is pleased to present 157 Park Road, Cheltenham, offered for sale in one line via Expressions of Interest (EOI).
157 Park Road is a highly versatile freehold investment in one of Melbourne’s bayside suburbs’ acclaimed retail and residential precincts, comprising 20 flats plus a retail shop.
Key highlights of the opportunity include:
- Modern block of 20 spacious and well-designed residential apartments plus a ground floor retail shop – to be offered in one line
- Enormous potential for value-add and rental uplift through re-leasing of existing flats, or selling down units individually (STCA)
- Providing a diverse fully let net annual income of $465,743* + GST (less all costs inc land tax)
- Building configuration includes 14 x 1-bedroom, 6 x 2-bedroom apartments and ground floor retail shop with 21 on-site car spaces
- All of the 20 apartments have been recently renovated to the highest quality and come with landlord-provided appliances, including fridges, dishwasher, ovens and more
- Near-new build resulting in significant tax depreciation (schedule available upon request)
- Dual street frontage landholding of 590 sqm* allows for flexibility of access to the property for future development
- Within the affluent bayside suburb of Cheltenham that boasts a median house price of $1,300,000^, which is $345,000 higher than the Metro Melbourne median, and with a median unit price of $750,000^
- Excellent transport linkages only 150 m* to Cheltenham Train Station, bus stops along Park Road, and in close proximity to both the Nepean Highway and Centre Dandenong Road providing direct access to the Melbourne CBD
- A location that suits families, young professionals, down-sizers and retirees, being only a short walk to a vast array of lifestyle amenities including Southland Shopping Centre (700 m*), Cheltenham Park (450 m*), Victoria Golf Club (830 m*), and Half Moon Bay Beach (3.7 km*)
157 Park Road, Cheltenham is for sale via Expressions of Interest closing Thursday 13th November 2025 at 2pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Max Warren
0488 296 892
Dylan Kilner
0459 396 341
Chao Zhang
0411 625 068
如需任何中文咨询，请联系我们亚洲业务团队的Chao Zhang 张超，联系电话：0411 625 068，并可随时加他的微信（微信号：chaozeee）。
*Approximately
^ REIV
Property Code: 1479
Remember to mention you found this property on CommercialReady
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