Seize the chance to shape the destiny of this central hub. Situated in a tightly held location, the property presents a unique opportunity as a savvy investment or a substantial development potential (Subject To Council Approval).

Embrace a prime potential for development within the coveted Commercial Zone 1, encompassing approximately 291m2 of land. The property boasts a tenanted upper floor yielding a consistent rental income of approximately $45,000 per annum. Additionally, it features an unoccupied ground floor with an estimated rental valuation of approximately $84,000 per annum, offering a compelling blend of immediate gains and future possibilities.

Located in the heart of vibrant Prahran, just steps away from the bustling Chapel Street and Malvern Road Junction, this locale thrives as a junction of lifestyle and commerce. Here lies an exceptional occasion to invest in one of Melbourne's most highly sought-after suburbs.

For further information or to book a private inspection, please contact the Agent.