427 Chapel Street,
South Yarra, VIC 3141

- Brand new 5 year net lease to experienced operator, with their second venture on Chapel Street, 'Bess Bar', already establishing itself in this evolving activity precinct

- Net annual income of $190,000* + GST + Outgoings, with 3% fixed annual increases

- Arguably one of the most sought-after corners on Chapel Street, Melbourne's most famous shopping and dining strip, set to benefit from major projects that will be completed in the next 6-18 months including the Aloft Hotel located directly opposite ($120m*), Capitol Grand ($800m*), Jam Factory transformation ($1.25bn*), Como Centre upgrade ($130m*), the Cato Square redevelopment ($60m*) and the "huts site" upgrade ($55m*) also located opposite the property

- Highly visible corner which will soon be reinstalled as Chapel Street's hottest intersection, comprising the famous Cafe Sienna, Temperance Hotel and 427 Chapel Street

- Recently upgraded 335sqm* building over 3 floors, including a 1st-floor bar/function room, a bar, dining area and courtyard on the ground floor in addition to an atmospheric, stone-walled, cellar and dining/function room in the basement

*Approx

For further information please contact the exclusive sales and marketing agents at CBRE:

Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au

Jing Jun (JJ) Heng 王敬君
+61 411 059 1...
jj.heng@cbre.com.au

Alex Brierley
+61 447 974 4...
alex.brierley@cbre.com.au