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Gross Waddell ICR - Commercial

257 Chapel Street Prahran, VIC 3181

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257 Chapel Street,
Prahran, VIC 3181

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Gross Waddell ICR - Commercial
Andrew Waddell
Michael Gross

Gross Waddell ICR - Commercial

Level 1, 30 Collins Street
MELBOURNE, VIC 3000
Gross Waddell ICR - Commercial
257 Chapel Street
Prahran, VIC 3181

Map of 257 Chapel Street

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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.

Property ID: 503810266Last Updated: 21 Jul 2021

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