Cheltenham 25 ,27,29 Station Road

Situated on a sizable 914sqm approx. land parcel within the heart of Cheltenham, direct proximity to Cheltenham Train Station and surrounding cafes, restaurants, shops as well as offices and high density residential , anchored by Foodworks supermarket, Cellarbrations Liquor Store and supported by an additional mixed-use tenant generating a total net income of $176,890 , 25-29 Station Road offers an ideal opportunity to secure an income producing asset with future upside potential within the Bayside's growth corridor.
Three tenancies generating $178,175 net income per annum + outgoings + GSTHigh passing pedestrian traffic locale, with exposure to passing vehicle traffic Securely leased to established tenants including Foodworks, Cellarbrations Liquor StoreTwo Street Frontages (Rear access via Public Car Park)Activity Centre Zone 1/ Shop 25 Station Rd:
Tenant; Cellarbrations Liquor
Land size: 241 m2 ( approx. )
Lease: 5 years
Commencement date of term: 10/04/2022
Rental Return: $50,175 per annum approx. Plus GST and Outgoing
2/ Shop 27 Station Rd
Tenant; Blokes Psychology
Lease: 2 years
Commencement date of term: 15/05/2022
Rental return: $ 28,000 per annum approx. Plus GST+ outgoing
3/ Shop 29 Station Rd
Tenant: Foodworks Supermarket
Lease: Recent excised 3 further term of 10 years
Commencement date: 25/04/2020
Rental Return: $100,000 per annum approx. Plus GST + outgoing