Property Details
-
-
Contact Agent
-
Development
-
3246 sqm
Agent Details
1234-1240 Nepean Highway, Cheltenham
MORTGAGEE SALE | PERMIT APPROVED 3,246SQM SUPER SITE
Teska Carson is delighted to offer 1234-1240 Nepean Highway, Cheltenham as a Mortgagee Sale via Expressions of Interest closing on Thursday 12 November 2026 at 3pm.
A rare opportunity to acquire a substantial landholding in one of Melbourne's most sought-after bayside growth precincts. Situated within the highly desirable Cheltenham Activity Centre, the property offers significant development upside, flexible owner-occupier potential and valuable holding income opportunities.
The property comprises a combined site area of 3,246sqm* across four titles, comprising of a two-level office building together with three single-level warehouse buildings. The property is to be offered with vacant possession, allowing immediate occupation, refurbishment or redevelopment.
An existing Planning Permit has been issued for an 11-level mixed-use development incorporating 116 residences plus commercial, designed by Ewert Leaf Architects.
KEY PROPERTY HIGHLIGHTS
• Significant 3,246sqm* Activity Centre Zoned (ACZ) landholding.
• Four titles with extensive frontage to Nepean Highway and rear access via Park Lane.
• Existing two-level office and three warehouses, providing opportunity for buyers to sell down buildings
• Offered with vacant possession.
• Existing permit approval for an 11-level mixed-use development comprising 116 apartments, retail, commercial and childcare uses.
• Activity Centre zoning supports high-density residential and mixed-use development outcomes.
• 400m* from Cheltenham Train Station and close to multiple bus routes.
• Close proximity to Westfield Southland, Charman Road and Station Road retail precincts, parks, golf clubs and major lifestyle amenities.
• 1.5km* from the future Suburban Rail Loop Cheltenham Station.
An exceptional opportunity to secure a landmark development site in a tightly held location, with the benefit of existing improvements, vacant possession and a substantial approved mixed-use scheme. Opportunities of this scale and strategic positioning within the Cheltenham Activity Centre are increasingly rare.
For more information please don't hesitate to contact our listing agents.
A rare opportunity to acquire a substantial landholding in one of Melbourne's most sought-after bayside growth precincts. Situated within the highly desirable Cheltenham Activity Centre, the property offers significant development upside, flexible owner-occupier potential and valuable holding income opportunities.
The property comprises a combined site area of 3,246sqm* across four titles, comprising of a two-level office building together with three single-level warehouse buildings. The property is to be offered with vacant possession, allowing immediate occupation, refurbishment or redevelopment.
An existing Planning Permit has been issued for an 11-level mixed-use development incorporating 116 residences plus commercial, designed by Ewert Leaf Architects.
KEY PROPERTY HIGHLIGHTS
• Significant 3,246sqm* Activity Centre Zoned (ACZ) landholding.
• Four titles with extensive frontage to Nepean Highway and rear access via Park Lane.
• Existing two-level office and three warehouses, providing opportunity for buyers to sell down buildings
• Offered with vacant possession.
• Existing permit approval for an 11-level mixed-use development comprising 116 apartments, retail, commercial and childcare uses.
• Activity Centre zoning supports high-density residential and mixed-use development outcomes.
• 400m* from Cheltenham Train Station and close to multiple bus routes.
• Close proximity to Westfield Southland, Charman Road and Station Road retail precincts, parks, golf clubs and major lifestyle amenities.
• 1.5km* from the future Suburban Rail Loop Cheltenham Station.
An exceptional opportunity to secure a landmark development site in a tightly held location, with the benefit of existing improvements, vacant possession and a substantial approved mixed-use scheme. Opportunities of this scale and strategic positioning within the Cheltenham Activity Centre are increasingly rare.
For more information please don't hesitate to contact our listing agents.