257 Bay Road (Cnr Avoca St), Cheltenham
The Bayside Business District (BBD), and Bay Road in particular, is fast becoming an important retail and showroom precinct in the region. Further evidence of this was seen with recent sale of and older style brick vacant warehouse at the corner of 257 Bay Road and Avoca Street, Cheltenham. The 315sqm building on land of 680sqm was sold after auction for $2.35 million. This equates to a record BBD sale price for the building of $7,460psm.
Marketed and sold by Julian Vautin and Niki Drendel, the property is likely to be used for retail car-related purposes. Mr Vautin says, “This sale, and the likely use of the building as indicated by the buyer, continues the development of Bay Road as a retail/showroom destination. With ALDI and DOMO just two of the major retailers currently on Bay Road, we expect to see more setting up shop in the near future to take advantage of the great location and surrounding infrastructure.”
For further details contact: