152 - 158 Weatherall Road, Cheltenham
An iconic corner property with considerable development potential at 152-158 Weatherall Road, Cheltenham has sold for $1.25 million. Set on 850sqm, the property currently contains a workshop, and is leased for $37,500 per annum. Set in a prominent Bayside location, it is close to shops, schools and a train station.
Senior Sales and Leasing Executive, Julian Vautin says there is considerable development opportunity for the property (STCA). “It may be possible to subdivide to include a residential component at the rear, and/or build upwards to incorporate a retail and office component”, he explains. “There are several opportunities for the new owner to take advantage of to maximise the value of the property.”