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93 Cavanagh St 753 SF Retail Condo Unit in Cheltenham, VIC 3192
Investment Highlights
- Situated in the heart of Cavanagh Shopping Village, one of Cheltenham’s established neighborhood retail precincts
- Convenient access to Nepean Highway, a key arterial route connecting to Melbourne CBD and surrounding suburbs
- Minutes from Westfield Southland, a major regional shopping center that drives substantial consumer traffic to the area
- Serviced by reliable public transport links including nearby rail at Cheltenham Station
Executive Summary
This modern retail property is strategically located at 93 Cavanagh Street within the vibrant Cavanagh Shopping Village in Cheltenham. Situated within a thriving boutique shopping strip, the property enjoys consistent local foot traffic and visibility. It is minutes from major commercial landmarks such as Westfield Southland and offers excellent access to Nepean Highway, providing connectivity across Melbourne's southeast corridor.
1 Unit Available
| Unit Size | 753 SF | No. Parking Spaces | 1 |
| Condo Use | Retail | APN/Parcel ID | CM1\PS741965 |
| Sale Type | Investment or Owner User |
| Unit Size | 753 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 1 |
| APN/Parcel ID | CM1\PS741965 |
Description
This retail unit offers approximately 70 sqm of adaptable floor area within Cavanagh Shopping Village, a well-trafficked local retail hub in Cheltenham. The space is currently configured as a hair salon and includes modern finishes as part of a six-year-old development.
The premises benefit from excellent natural light and a functional open-plan layout suited to a variety of retail or service-based uses. A dedicated car park is included for occupant convenience, and customers enjoy easy on-street and nearby parking options within the shopping strip.
Sale Notes
Positioned within the bustling Cavanagh Shopping Village in Cheltenham, this fully leased retail investment offers dependable income and long-term growth potential. The property encompasses approximately 70 sqm of versatile space in a modern development completed around six years ago, ensuring minimal maintenance requirements for owners. A long-standing tenant, in occupation since 2016, renewed their commitment by commencing a new five-year lease on June 1, 2025. The arrangement delivers secure returns with a current annual rental of $27,396, reviewed annually at 4%. A dedicated on-site car park further enhances convenience for both the tenant and customers.
Property Facts
| Total Building Size | 19,676 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 6,555 SF |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.16 AC |
| Building Class | C |
| Total Building Size | 19,676 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 6,555 SF |
| Lot Size | 0.16 AC |
Amenities
- Security System
- Signage
- Kiosk/Cart Space
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
Presented by
DBRE Pty Ltd
93 Cavanagh St
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