174 Weatherall Road, CHELTENHAM VIC 3192

Property Details

Beds: 3 Baths: 2 Parking: 2


This property is currently not available.

Consider the prospect of acquiring a high-returning, two-in-one (separately titled) addition to the investment portfolio – with various possibilities to instantly achieve both commercial and residential rental incomes simultaneously…

Or perhaps you’re a business-savvy home buyer; thinking strategically and creatively about outsmarting the rising cost of living by supplementing the mortgage repayments of this stunning home with the commercial rental income that the tenanted shopfront already generates.

1) THE HOME at the rear with separate entrance and exit:
Potential Rent: $700-$750 per week or $36,500 – $39,107 per annum
An architectural, beautifully constructed and very private terrace-style home – reminiscent of inner-city living with a distinct coastal edge. Completely freestanding and separately accessed via a rear laneway double garage, the two properties can operate and accommodate totally independently of the other – which is a major factor and benefit to this uniquely designed property.

Comprising three extra-large bedrooms with robes and two stylish bathrooms. The upstairs master with an ensuite, and the two downstairs bedrooms with split system A/Cs – one with double doors opening to the fabulous decked and gated courtyard.

Open plan living/dining and kitchen with a vaulted clerestory ceiling allowing loads of sunlight to come streaming in; a balcony entertaining AND a fabulous rooftop terrace making a total of THREE incredible outdoor areas to enjoy.

2)THE SHOP at the front
* Tenant – Bottlemart
* Rent $31,680 including GST per annum + outgoings
* Annual 3% approx. rent Increases
* Shop Area 60sqm approximately
Shop at front has high street exposure and public parking in front. Located in one of Cheltenham’s most desirable pockets, directly opposite Jack Barker Oval and surrounded by prestigious golf courses. This established “Bottlemart” business is within a terrific strip of other thriving businesses seeing a high volume of customers and passing traffic.

A rear cool room; plumbed water/sinks, storage, staff bathroom and secured areas separating the shop and home. Ideal for a broad selection of other business ventures, services and industries including convenience, healthcare, professional, beauty, specialty foods, and takeaway/eat-in dining.

A sought-after, fast regenerating neighbourhood seeing young families buying in the area. Surrounded by new and existing homes and modern re-developments; close to Cheltenham Primary, Charman Road, public transport and easy access to the Nepean Hwy.

Either live in the home yourself or lease it out to maximise your return and fast-track your capital growth – the options are endless and the choices are yours!

Don’t miss out this rare opportunity, Call Shelly Z. at 0431 634 526 for further information.
Please Note:
*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
* Photo ID required at all open for inspections

Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. The fixtures, fittings, appliances and services have not been tested and no guarantee as to their functionality or efficiency can be provided. Distances and timings are approximate. Prospect purchasers should independently verify the information contained in this document and refer to the due diligence check-list provided by consumer affairs. Click on the link for a copy of the due diligence check-list: http://www.consumer.vic.gov.au/duediligencechecklist



Shelly Zhang
Director/Licensed Estate Agent P. 0398883169 M. 0431634526
Nick Li
Senior Area Manager/Licensed Estate Agent P. 0398883169 M. 0421040919