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134-136 Argus St 2,098 - 2,131 SF Industrial Condo Units Offered at $615,145 Per Unit in Cheltenham, VIC 3192
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.
2 Units Available
Unit 4
| Unit Size | 2,098 SF | Sale Type | Investment |
| Price | $615,145 | Cap Rate | 4.71% |
| Price Per SF | $293.21 | NOI | $28,948.00 |
| Condo Use | Industrial | APN/Parcel ID | 4\PS922678 |
| Unit Size | 2,098 SF |
| Price | $615,145 |
| Price Per SF | $293.21 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Cap Rate | 4.71% |
| NOI | $28,948.00 |
| APN/Parcel ID | 4\PS922678 |
Description
Unit 4 delivers 195 sqm of premium office and studio workspace across three levels within a secure gated commercial development. Featuring an abundance of natural light and modern finishes, the unit includes a private kitchenette, contemporary bathroom with shower, and two allocated car spaces. Designed for adaptability, the layout accommodates office, creative studio, retail showroom, or specialist storage requirements, offering unmatched versatility for growing businesses.
Sale Notes
Secure 195 sqm modern office and creative studio space over three levels in a prime Cheltenham location.
Includes premium amenities such as kitchenette, bathroom, shower, and two car spaces.
Positioned in a gated commercial precinct with excellent connectivity to major arterials and key retail hubs.
+2 More
Industrial Space
Industrial Space
Industrial Space
Industrial Space
Industrial Space
Industrial Space
Industrial Space
Unit 5
| Unit Size | 2,131 SF | Sale Type | Investment |
| Price | $615,145 | Cap Rate | 4.94% |
| Price Per SF | $288.66 | NOI | $30,395.40 |
| Condo Use | Industrial | APN/Parcel ID | 4\PS922678 |
| Unit Size | 2,131 SF |
| Price | $615,145 |
| Price Per SF | $288.66 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Cap Rate | 4.94% |
| NOI | $30,395.40 |
| APN/Parcel ID | 4\PS922678 |
Description
Unit 5 at 134 Argus Street, Cheltenham VIC 3192 is a modern industrial facility spanning approximately 198 m², offering exceptional versatility for a range of commercial uses. Located within a secure gated complex, this unit includes two allocated car spaces, a fully equipped kitchenette, a private bathroom, and an on-site shower for convenience. The space is designed with robust Industrial 1 zoning to accommodate varying operational needs, making it suitable for both owner-occupiers and investors seeking adaptable, low-maintenance assets in a thriving location.
Sale Notes
Offering a rare opportunity within Cheltenham’s tightly held industrial precinct, Unit 5 at 134 Argus Street positions businesses for success with outstanding accessibility to Warrigal Road, the Dingley Bypass, South Road Bypass, and Nepean Highway. This property delivers a combination of functionality, security, and convenience ideal for businesses requiring flexible warehouse or factory accommodation. The secure, motorized-gate complex enhances security, while proximity to major retail hubs such as Westfield Southland and DFO Moorabbin adds further appeal. With its clean, contemporary fit-out and modern amenities ready for immediate use, Unit 5 is a prime acquisition for those seeking long-term value and operational excellence in a well-connected industrial corridor.
+2 More
Industrial Space
Industrial Space
Industrial Space
Industrial Space
Industrial Space
Industrial Space
Industrial Space
Property Facts
| Total Building Size | 16,264 SF | Floors | 3 |
| Property Type | Industrial | Typical Floor Size | 5,425 SF |
| Property Subtype | Warehouse | Lot Size | 0.45 AC |
| Building Class | C |
| Total Building Size | 16,264 SF |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 5,425 SF |
| Lot Size | 0.45 AC |
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134-136 Argus St
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