252 Chapel Street,
Prahran, VIC 3181
Shops & Retail
Price information
Sold
$2,250,000
Key property information
Floor area
Parking info
Property extent
Tenure type
Sold on
Map of 252 Chapel Street
If The Shoe Fits
- National Tenant
- Net Rent $108,159.56 p a
- 4% Annual Increase
VENDOR SAYS SELL
• Potential 7% yield
• National Retailer As The Tenant
• Net Rental: $108,159.56 per annum
• 4% Annual Increase and Market Review Upon Exercise of Option
An opportunity to secure a slice of Melbourne’s most prestigious and well known retail strips exists for the taking. Combine this with a national retailer in Tony Bianco as the tenant that is securely let till 31st January 2015 with one further option of five years this property is second to none. The net lettable area is 107m² that fronts Chapel Street, directly opposite the Prahran Town Hall. Chapel Street, Prahran has long been seen as a tightly held area and it is very rare to present a similar property to the market.
• Potential 7% yield
• National Retailer As The Tenant
• Net Rental: $108,159.56 per annum
• 4% Annual Increase and Market Review Upon Exercise of Option
An opportunity to secure a slice of Melbourne’s most prestigious and well known retail strips exists for the taking. Combine this with a national retailer in Tony Bianco as the tenant that is securely let till 31st January 2015 with one further option of five years this property is second to none. The net lettable area is 107m² that fronts Chapel Street, directly opposite the Prahran Town Hall. Chapel Street, Prahran has long been seen as a tightly held area and it is very rare to present a similar property to the market.
Property ID: 500395811Last Updated: 14 May 2014
03 8562 11...
252 Chapel Street
Prahran, VIC 3181
Colliers - Melbourne EastLevel 7, Chadstone Tower One 1341 Dandenong Rd
CHADSTONE, VIC 3148
CHADSTONE, VIC 3148
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