291 CHAPEL STREET,
Prahran, VIC 3181
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Car spaces
Tenure type
Sold on
Emmetts - Melbourne
21-27 Somerset PlaceMELBOURNE, VIC 3000
291 CHAPEL STREET
Prahran, VIC 3181
Map of 291 CHAPEL STREET
PRIME COMMONWEALTH BANK FREEHOLD
- SUPER PRIME COMMONWEALTH BANK FREEHOLD
- LOCATED IN BETWEEN COLES AND DAN MURPHYS
- DUAL STREET FRONTAGE TO CHAPEL & CATO ST
Emmetts is pleased to present for sale a super prime Central Melbourne retail freehold investment, leased to Australia’s largest bank.
The property is strategically positioned amongst Australia’s most successful retailers in the absolute prime trading section of Melbourne’s leading inner city retail strip.
Investment considerations include:
Irreplaceable freehold land holding of 394 sq m*
Wide dual street frontages to both Chapel Street and Cato Street.
Leased to Commonwealth Bank of Australia with rare fixed rental increases through to 2028^
Modern banking premises with tenant fit out completed in 2015
Absolute prime trading position, immediately surrounded by Australia’s leading national retailers including Coles, Liquorland, Dan Murphy’s, Priceline, Rebel Sport, JB Hi Fi and Kathmandu.
Arguably the most prime 100 metres of daily needs retailing in Central Melbourne.
Surrounded by 2,000* shopper car parks in addition to multiple forms of public transport (rail, tram and bus).
Medium density Central Melbourne location with enormous future growth potential.
Long term redevelopment and / or value-add potential (STCA)
The property is offered for sale by Expressions of Interest, alongside adjoining 299-301 Chapel Street which is leased to Priceline Pharmacy (franchisee).
Expressions of interest for both properties closes 26th November at 3pm. Interested parties are invited to express interest in buying the properties separately or together.
* denotes approx.
^ denotes subject to exercise of option
For further information on this sale, contact the exclusive selling agents.
The property is strategically positioned amongst Australia’s most successful retailers in the absolute prime trading section of Melbourne’s leading inner city retail strip.
Investment considerations include:
Irreplaceable freehold land holding of 394 sq m*
Wide dual street frontages to both Chapel Street and Cato Street.
Leased to Commonwealth Bank of Australia with rare fixed rental increases through to 2028^
Modern banking premises with tenant fit out completed in 2015
Absolute prime trading position, immediately surrounded by Australia’s leading national retailers including Coles, Liquorland, Dan Murphy’s, Priceline, Rebel Sport, JB Hi Fi and Kathmandu.
Arguably the most prime 100 metres of daily needs retailing in Central Melbourne.
Surrounded by 2,000* shopper car parks in addition to multiple forms of public transport (rail, tram and bus).
Medium density Central Melbourne location with enormous future growth potential.
Long term redevelopment and / or value-add potential (STCA)
The property is offered for sale by Expressions of Interest, alongside adjoining 299-301 Chapel Street which is leased to Priceline Pharmacy (franchisee).
Expressions of interest for both properties closes 26th November at 3pm. Interested parties are invited to express interest in buying the properties separately or together.
* denotes approx.
^ denotes subject to exercise of option
For further information on this sale, contact the exclusive selling agents.
Explore property virtually
Video
Property ID: 503688286Last Updated: 27 Jan 2021
Emmetts - Melbourne21-27 Somerset Place
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
More properties from Emmetts - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
12 Chapel Street,Windsor, VIC 3181 157 m²Shops & Retail • Offices • Development Sites & Land
