24 Chapel Street,
Richmond, VIC 3121

Securely Leased to well known retailer Hali, this premises with a frontage of 10.7 m to Chapel St and Hutchings St at the rear and an overall depth of approximately 26m is an excellent investment with development upside STPA. Constructed from Brick, Tilt Slab and flat steel deck roofing this low maintenance property is a highly sought commodity in this thriving and evolving commercial precinct. CBD access and direct access to City Link are further reasons this premises will always be in high demand.


Leased on a 5 X 5 term commenced June 2008 with the option already exercised for the second five year term, the new rental will be assessed in early 2013. Current rental $40,945.00 pa Gross.


This property can be secured with the adjoining premises 22 Chapel St Richmond also two street frontages and occupied by Love and Lustre on a 3 X 3 year lease commenced 1st August 2008 and now in its final three year term is returning $41,113.80 net. The land area for 22 Chapel St is 285m2 app and when combined with the 271m2 app of 24 Chapel St gives a total site area of 556m2 approximately. Current rental $41,113.00 pa Net.


15 Chapel St is also available for sale.


Inspect by appointment only.