SoldOct 26, 2025

362 Bay Road, Cheltenham, VIC, 3192

$850,000

2
1
1
122 m²
201 m²

House

12 days on the market

Sold: Oct 26, 2025

What's around 362 Bay Road

A Rare Dual-Use Opportunity in the Heart of Cheltenham

Set against a vibrant streetscape, this high-exposure property boasts an impressive wide frontage along Bay Road - offering a rare dual-use opportunity that blends commercial presence, residential comfort, and a premium location. Step inside to discover a highly adaptable layout catering to both business and lifestyle needs. At the front, a generous retail space is complemented commercial kitchen space ready to fit out to your requirements complete with a cool room and storage - providing a solution for hospitality, retail, or professional services. Beyond the shopfront, a self-contained residential zone features a spacious living/lounge area, two separate bedrooms, bathroom, and laundry - ideal for owner-occupiers, staff accommodation, or tenants. With over 60,000 vehicles passing daily, the expansive frontage ensures unparalleled visibility and marketing potential. Adding to the versatility, a large rear courtyard accessible via a side laneway presents opportunities for outdoor dining, additional storage, or potential future development (STCA). Constructed in solid brick, the building offers a strong foundation for renovation, extension, or redevelopment. Whether you're looking to expand the commercial footprint, enhance the residential offering, or reimagine the property entirely, this flexible space invites a wide range of possibilities. Positioned in the thriving Bay Road corridor, enjoy convenient access to Westfield Southland, Southland Station, local schools, cafes, parks, and multiple bus routes. This is more than just a property - it's a strategic investment in location, lifestyle, and long-term potential. Perfect for savvy investors, business owners, or developers ready to capitalise on a high-profile, multi-purpose asset. ** Please note all offers and figures quoted are excluding GST and this property sale is subject to GST.

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