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250 Charman Rd 839 SF Office/Retail Condo Unit Offered at $396,524 in Cheltenham, VIC 3192
Investment Highlights
- Highlights Describe the most appealing features of the property.
- Secure rear parking with easy arterial road access.
- Part of a well-tenanted mixed-use corner development.
Executive Summary
Located in the heart of Cheltenham’s retail and transport precinct, this property forms part of a well-tenanted mixed-use development on Charman Road. Positioned just 150 meters from Cheltenham Station and within easy reach of Southland Shopping Centre, the property offers strong connectivity and exposure in a high-demand commercial corridor. The development occupies a prominent corner site near Blagdon Street, benefiting from consistent pedestrian activity and proximity to major residential growth areas. Surrounding amenities include established retail, dining, and essential services, supported by a strong local customer base and excellent public transport links. Secure on-grade parking is provided at the rear, and the property enjoys direct access to key arterial roads, making it highly accessible for both staff and clients. This is a tightly held location with long-term appeal for businesses seeking a central position in a thriving bayside suburb.
Property Facts
| Total Building Size | 19,935 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 9,967 SF |
| Property Subtype | Storefront Retail/Office | Lot Size | 0.30 AC |
| Building Class | C | Parking Ratio | 2.38/1,000 SF |
| Total Building Size | 19,935 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 9,967 SF |
| Lot Size | 0.30 AC |
| Parking Ratio | 2.38/1,000 SF |
Amenities
- Air Conditioning
1 Unit Available
| Unit Size | 839 SF | Cap Rate | 5.50% |
| Price | $396,524 | NOI | $21,808.84 |
| Price Per SF | $472.62 | No. Parking Spaces | 2 |
| Condo Use | Office/Retail | APN/Parcel ID | 2\PS537881 |
| Sale Type | Investment or Owner User |
| Unit Size | 839 SF |
| Price | $396,524 |
| Price Per SF | $472.62 |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.50% |
| NOI | $21,808.84 |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 2\PS537881 |
Description
Ground-floor office condo of approximately78 m² with two secure car spaces in an on-grade garage. The space includes a north-facing reception, two enclosed offices (one with four-station cabinetry), a rear workspace, kitchenette, and a powder room with separate vanity. It is the only unit in the development with private WC facilities. Features include reverse-cycle air conditioning, ducted climate control, and rear access to parking. Located about150 meters from Cheltenham Station within a well-tenanted mixed-use development.
Sale Notes
Seize the opportunity to own a highly adaptable commercial space in one of Cheltenham’s most connected and vibrant locations. Situated within a boutique mixed-use development, this 78 m² shopfront-office offers a rare combination of visibility, functionality, and convenience. Positioned on the edge of the retail strip and just 150 meters from the upgraded Cheltenham Station, the property benefits from strong pedestrian flow and excellent transport connectivity, including direct rail access to Melbourne’s CBD in approximately 33 minutes.
The interior layout is designed for flexibility, featuring a bright north-facing reception area, two secure offices, and a rear workspace or meeting zone. A quality kitchenette, powder room with separate vanity, and exclusive private WC facilities enhance day-to-day usability—an uncommon advantage in this development. The property also includes direct rear access to two secure car spaces within an on-grade garage, ensuring ease for staff and clients.
Additional features include reverse-cycle air conditioning, ducted climate control, and professional office fittings, with optional furnishings and storage solutions available by negotiation. Surrounded by a growing residential population and positioned opposite Cheltenham Primary School, this property is ideally suited for professional services, boutique retail, or as a strategic investment with a projected rental return of approximately $30,000 per annum.
This is a blue-chip opportunity in a high-demand corridor, offering long-term value and versatility for owner-occupiers or investors alike.
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250 Charman Rd
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