INFORMATION MEMORANDUM 2/144 ARGUS STREET, CHELTENHAM.
HEAD OFFICE 18-20 Russell Street Melbourne
SOUTHERN OFFICE 1/136 Keys Road Cheltenham
EASTERN OFFICE 2/5 Corporate Boulevard Bayswater
WESTERN OFFICE 3B/36 Hume Road Laverton
As Melbourne’s leading independent commercial property agency, we take pride in creating worth across all four points of this city.
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Content
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CONTENT
01. Point of Interest 02. Point of View 03. Property Features 04. Property Particulars 05. Location 06. Sales Process 07. Appendices Floor Plan
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Content
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Point of Interest
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POINT OF INTEREST
For sale Whoever said you shouldn’t bring work home clearly hadn’t seen what they’ve done at Unit 2. Set across 480 sqm* of Industrial 1-zoned land, this substantial Cheltenham freehold is much more than that — 365 sqm* of ground-floor space, including a modern enclosed area constructed in 2023 with a stove, an oven, an exhaust and the kind of genuinely homely finishes rarely found behind an industrial roller door. A separate enclosed area at the front adds a contemporary shower and bathroom, with heating and cooling neutralising the enclosed spaces. Beyond them, the warehouse presents cleanly with 3.9 m* drop-down ceilings, a new roof installed in 2019 and a newly fitted motorised roller door, while 2 car parks sit on title. Separate access to the warehouse and office/living component creates another useful layer of flexibility, with potential for two distinct occupancies. Argus isn’t all work and no play, either. You’re surrounded by boutique gyms, healthy lunch options like Grill’d and Subway, and the southern spine (the Nepean) sits only 1.55 km* away.
365 sqm*
480 sqm*
2
Total building area.
Total land area.
On-Title car spaces.
Versatile
Upgraded
3.9 m*
Substantial freehold with warehouse and liveable space.
New motorised roller door and 2019 roof.
Ceiling height within a clean warehouse.
1.55 km*
Industrial 1 Zone
To the Nepean.
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Point of Interest
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POINT OF VIEW There’s no commute quite like the one between the warehouse and the stove for dinner. For owner-occupiers who practically live at work anyway, Unit 2 has optimised your schedule beyond anything your competition could replicate.
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Point of View
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Jordan Carroll | 0467 628 951 jordan.carroll@cva.melbourne
Tim Cooney | 0468 860 737 tim.cooney@cva.melbourne
Some things about real estate can’t be taught — like innovative marketing tactics, effortless relationship building, and unwavering ethical standards — and Jordan has naturally brought all of these to the table. Passionate. Principled. Charismatic. His personable and genuine nature will see your trust in him stay sky-high, while your needs and ambitions get the same treatment at the top of his priority list. Jordan’s deep commitment to excellence and continuous improvement underpins his every move, making your next one in the market the strongest so far.
After nearly two decades of experience across Australia and London, Tim brings a global perspective to local deals — paired with a distinctly Melbourne sense of approachability. Since joining CVA in 2021, he’s become known for his attention to detail, proactive mindset, and long-game thinking. For Tim, commercial real estate isn’t about chasing transactions, but building partnerships. He thrives on developing genuine, long-term relationships and takes the time to understand not just what clients want now, but what they’ll need next. Tim blends strategic thinking with day-to-day diligence, whether he’s running a campaign, structuring a deal or mapping out a multi-year leasing strategy, his goal is the same: deliver value, build trust, and exceed expectations.
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Point of View
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PROPERTY FEATURES IMPROVEMENTS
The property comprises a substantial and highly versatile 365 sqm building*, presenting as a wellmaintained industrial facility with a generous open warehouse component and a surprisingly high-quality level of internal accommodation. The warehouse provides a broad, functional floorplate with 3.9 m drop-down ceilings*, extensive overhead lighting and direct roller-door access, creating a clean and adaptable space suitable for storage, workshop or a variety of industrial uses. Recent capital improvements include a new roof installed in 2019 and a newly fitted motorised roller door, further enhancing the practicality and overall presentation of the building. A key feature is the contemporary enclosed accommodation constructed in 2023, which has been finished to a standard rarely associated with traditional industrial property. The space incorporates a modern full kitchen with extensive cabinetry, island bench, oven, cooktop and exhaust, complemented by timber-style flooring, recessed lighting and abundant natural light. Additional enclosed areas provide carpeted rooms with split-system heating
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and cooling, together with a modern bathroom featuring a large shower, extensive vanity storage and quality finishes. The warehouse and enclosed accommodation benefit from separate access, providing excellent flexibility for an owner-occupier seeking to separate operational and ancillary areas or potentially accommodate distinct uses within the building. Combined with 2 allocated on-site car spaces and the property’s substantial 480 sqm Industrial 1-zoned landholding*, the improvements offer an unusually versatile combination of functional warehousing and modern, comfortable internal accommodation.
Property Features
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PROPERTY FEATURES IMPROVEMENTS
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Property Features
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PROPERTY FEATURES IMPROVEMENTS
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Property Features
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PROPERTY PARTICULARS
Principle Outgoings
Site Details
Title particulars
Council rates
$2,863.58 per annum*
Water rates
$870 per annum*
Building Insurance
$3,322 per annum*
Land tax
$2,130 per annum*
Frontage to street
21.57 metres*
Western side boundary
45.99 metres*
Eastern side boundary
45.98 metres*
Southern side boundary
21.54 metres*
Total site area
991.65 sqm*
Certificate of Title — Volume 9448 Folio 330 Lot 1 TP445781
Zoning
Commercial 2 Zone (C2Z)
Planning Overlays
Development Contributions Plan Overlay - Schedule 1 (DCPO1) Design And Development Overlay - Schedule 51 (DDO51)
Municipality
City of Yarra
Suburb Boundary
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Property Particulars
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LOCATION
All signs point to: Argus Street. Argus Street offers businesses a well-connected Cheltenham location surrounded by established industry, strong amenity and convenient access to major transport routes. Here are some notable aspects and benefits of buying property in this area: Strategic Connectivity: Positioned approximately 1.55 km from Nepean Highway*, Argus Street provides convenient access to Melbourne’s key southern transport routes, surrounding commercial precincts and residential catchments. This connectivity supports efficient staff movement, customer access and the transport of goods across Melbourne’s south-east. Established Commercial Precinct: Argus Street forms part of Cheltenham’s established industrial and commercial area, surrounded by a broad mix of warehouses, showrooms, trade businesses and service operators. This concentration of businesses creates a strong commercial ecosystem and reinforces the location as a recognised destination for both business-to-business and customer-facing operators. Excellent Local Amenity: The surrounding precinct offers a strong range of nearby cafés, takeaway food, gyms and green spaces, including operators such as Grill’d and Subway. This level of amenity makes the area convenient for staff throughout the working day while also supporting businesses that rely on regular customer visitation. Flexible Business Location: Argus Street is well suited to a wide range of occupiers, including warehousing, trade, showroom, office and service-based businesses. Its industrial character, practical access and proximity to major roads provide businesses with the flexibility to establish, grow and operate efficiently from a well-connected Cheltenham base.
AND THE POINT? Connected. Established. Versatile. A strategic Cheltenham address combining strong connectivity, established industry and excellent local amenity.
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LOCATION
All signs point to: Cheltenham. Cheltenham is one of Melbourne’s most established commercial and industrial locations, offering businesses a strong combination of accessibility, surrounding amenity and an active local economy. The suburb accommodates a diverse mix of industrial, showroom, trade, retail and service-based operators, creating a mature business environment supported by an established customer, supplier and workforce base. Its proximity to major commercial destinations and surrounding residential areas also provides businesses with access to a broad and growing catchment. Connectivity is a key advantage, with convenient access to Nepean Highway, Bay Road, Warrigal Road and surrounding arterial routes, allowing efficient movement throughout Melbourne’s Bayside and south-eastern suburbs. This accessibility is particularly beneficial for businesses that rely on regular deliveries,
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customer visitation, staff movement or broader metropolitan distribution. Cheltenham also offers excellent day-to-day amenity, with a wide range of cafés, restaurants, fitness facilities, retail services and public transport options located throughout the area. Major retail and lifestyle destinations further strengthen the suburb’s appeal, providing convenience for employees and customers alike. With its established commercial identity, strong transport links, extensive local amenity and proximity to key population centres, Cheltenham continues to provide an attractive platform for businesses seeking a well-connected and highly functional location from which to establish, operate and grow.
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SALES PROCESS PRIVATE SALE Private Sale Process At CVA, we are dedicated to providing a professional and transparent experience throughout the private sale process. To ensure clarity and fairness, we have outlined the key steps below, allowing prospective purchasers to fully understand the process when submitting an offer. 1. Submitting Offers Offers can be submitted at any point during the private sale period, as there is no fixed closing date. We recommend that all interested parties submit their strongest offer using the provided documentation, ensuring all fields are completed and the form is signed. Once submitted, your offer will be promptly presented to the vendor for consideration. 2. Review Process Upon receipt, all offers are carefully reviewed by the vendor. We will communicate any feedback or decisions regarding your offer in a timely manner. Unlike auctions or formal Expressions of Interest campaigns, the private sale allows the vendor the flexibility to accept, negotiate, or decline offers at their discretion as they are received. 3. Contract and Settlement Should your offer be accepted, a formal contract of sale will be prepared. At this stage, a deposit may be required to secure the property. The agreed terms of the contract, including the settlement period, will then be finalised between the buyer and vendor. We strive to maintain open communication and provide professional guidance throughout the private sale process, ensuring a seamless experience for all parties involved.
For more information, contact
Jordan Carroll
Tim Cooney
0467 628 951 jordan.carroll@cva.melbourne
0468 860 737 tim.cooney@cva.melbourne
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APPENDICES FLOOR PLAN
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APPENDICES
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HEAD OFFICE 18-20 Russell Street Melbourne
EASTERN OFFICE 2/5 Corporate Boulevard Bayswater
SOUTHERN OFFICE 1/136 Keys Road Cheltenham
WESTERN OFFICE 3B/36 Hume Road Laverton North
DISCLAIMER: THIS REPORT HAS BEEN COMPILED ON THE BASIS OF INFORMATION AVAILABLE. THOUGH EFFORTS HAVE BEEN MADE TO VERIFY OR ESTABLISH THE ACCURACY OF THE MATERIAL, IT IS NOT POSSIBLE TO WARRANT THAT IT IS ACCURATE. SOME PREDICTIONS ARE ESTIMATES ONLY AND NECESSARILY BASED ON ASSUMPTIONS WHICH MAY NOT OCCUR. ALL PARTIES SHOULD MAKE THEIR OWN INDEPENDENT ENQUIRIES WITH REGARD TO ALL THE INFORMATION CONTAINED IN THIS REPORT. THE REPORT IS INTENDED TO BE GENERAL INFORMATION ONLY AND WILL NOT FORM PART OF ANY CONTRACT NOR IS IT TO BE TAKEN AS ANY FORM OF ANY REPRESENTATION, WARRANTY OR INDUCEMENT. THE AGENTS AND REPRESENTATIVES DO NOT ACCEPT ANY RESPONSIBILITY FOR AND WILL NOT BE LIABLE IN RESPECT OF ANY OF THE CONTENTS OF THIS REPORT. *APPROXIMATELY