Tsimos Commercial is delighted to offer this rare opportunity to secure two adjoining industrial warehouses on one title in a tightly held Cheltenham location.

Comprising a total building area of 486sqm* on 677sqm* of land, the property consists of two approximately equal 243sqm* warehouses, both exceptionally well maintained and currently producing a combined income of $72,400pa + GST + outgoings.

The combination of two separate tenancies, a single title and flexibility for future occupation creates an opportunity that will appeal to investors, future owner occupiers and businesses looking to secure a substantial foothold in Cheltenham.

PROPERTY HIGHLIGHTS

• Total Building Area: 486sqm*
• Land Area: 677sqm*
• Two adjoining warehouses of approximately 243sqm* each
• Offered on one title
• Combined Rental: $72,400pa + GST + outgoings
• Two established tenants
• Excellent condition throughout
• New roof
• Minimal future capital expenditure anticipated
• Prime Cheltenham industrial location
• Excellent future owner occupier flexibility

97A ARGUS STREET

Currently occupied by an established automotive operator.

• Current Rent: $36,200pa + GST + outgoings
• Lease expiry: 30 June 2027
• Further 2-year option

97B ARGUS STREET

Immaculately presented warehouse with excellent natural light, clear open-span accommodation and its own office and amenities.
Currently occupied on a monthly tenancy, providing flexibility for a purchaser seeking future occupation.
• Current Rent: $36,200pa + GST + outgoings
• Monthly tenancy
• Provides flexibility for a purchaser seeking future occupation

This is a particularly versatile offering — retain both tenancies and enjoy the existing income, occupy one warehouse while retaining income from the other, or position the property for longer-term occupation and investment.

Opportunities to acquire two adjoining warehouses of this size on a substantial single title in Cheltenham are increasingly difficult to find.

For further information or to arrange an inspection, please contact:

John Black
0419 341 986

*Approx.