Vacant Freehold South-Side Office Hits the Market

Colliers in conjunction with Savills launch landmark Cheltenham freehold office opportunity.

A high-profile, three-level freehold commercial building at 294 Bay Road, Cheltenham has been brought to market by Colliers Alex Browne and Ian Sanders, in conjunction with with Savills Tim Grant and Linc Reynolds.

Situated on a substantial Commercial 2 zoned landholding of 9,765sqm* with an expansive 76metre* frontage to Bay Road, the vacant 4,922sqm* property presents an exceptional opportunity for owner-occupiers seeking a prime office, medical, childcare, or mixed-use facility. The building comes fully fitted with desks, chairs, multiple meeting and boardrooms, and a fully equipped commercial kitchen — ready for immediate occupation.

“With its proximity to Westfield Southland and a bus stop at the doorstep, the property offers outstanding connectivity and amenity,” said Alex Browne, Colliers Associate Director, Melbourne Metro Sales | Investment Service.

Tim Grant Savills Director of CBD and metropolitan sales, added, “294 Bay Road is a rare chance for an owner-occupier to secure a significant landholding in one of Melbourne’s most promising suburban growth precincts. The area is experiencing rapid transformation and is set to become a major destination for employment, services, and innovation.”

Positioned at the heart of a rapidly evolving southern Melbourne suburb, 294 Bay Road is set to benefit significantly from the Victorian Government’s Suburban Rail Loop (SRL) project. Cheltenham has been designated as a future Activity Centre, with planning restrictions eased to fast-track development and stimulate growth. The SRL will deliver more than 70,000 new homes between Cheltenham and Box Hill and aims to create a “city of centres” — well-connected hubs for health, education, housing, and commercial services.

294 Bay Road, Cheltenham is being offered for sale via Expressions of Interest, closing Thursday 5 June 2025 at 4:00pm (AEST).