438 Chapel Street , South Yarra

3148.00m2
Offices
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Market defining office investment in an unrivalled location

** SOLD **

Gross Waddell ICR is pleased to present for sale 438 Chapel Street, South Yarra. Permit approved for a market defining office building including premium Chapel Street retail, this standalone freehold will redefine the city-fringe office market.

• Premium 7 level office tower with two street frontages

• Total Net Lettable Area of 3,148 sqm* offering efficient and appealing whole floor tenancies of varying size

• Estimated fully leased net passing income of $2,104,360 per annum*

• Fund through investment opportunity with 2 years of guaranteed rent or ability to occupy part/whole building

• Sprawling terraces provided on numerous floors offering impressive view lines of the CBD and Royal Botanic Gardens

• Ample on-site car parking for 36 cars with high quality end of trip and bike facilities

• Designed by award winning Jackson Clements Burrows Architects

• Natural light to 3 sides with frontages to both Chapel Street and Bray Street

• Designed to achieve a 4.5-Star NABERS rating

• Anticipated practical completion Q3 2023 and offering significant stamp duty savings

• Located in a bustling and high demand City Fringe office market

• Surrounded by premium developments as well as world class retail and lifestyle amenity

For sale by Expressions of Interest closing at 12:00 pm on Friday the 10th of December 2021.

*Approx.

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