257 Chapel Street , Prahran

632.00m2
Retail
Contact Agent

Landmark corner – central location

** SOLD - $5,200,000 **

Prahran is one of Melbourne’s most affluent and tightly held residential and retail precincts. Chapel Street accommodates a multitude of national retailers, high end boutiques and numerous cafes, restaurants and eateries. Over recent years there has been, and continues to be, many successful mixed-use developments.

Property highlights include:

• Substantial landholding of 495m2*

• Frontages: - Chapel Street: 13* metres
- Greville Street: 31* metres

• Building area: 632m2*

• Long term leases

• Total income: $230,000* p.a. net

• Surrounded by national tenants including Coles, Woolworths and Dan Murphy’s

• Potential to value-add and future redevelopment opportunity upon expiry of leases

*Approx.

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