Superb South Yarra Opportunity - 4 Fabulous Freeholds

Fitzroys is delighted to offer for sale these superb South Yarra freeholds comprising of 4 sperate buildings (to be offered in one line) located in one of Melbourne’s fastest growing precincts.

The key attributes of this unique opportunity include:

• Substantial site area of 354sqm* with rear access from Penny Lane
• Extensive frontage of 14.60 metres* to Chapel Street.
• Leased to established tenants on flexible leases
• Current Rent of $157,349 per annum plus GST and outgoings, with rental growth potential
• Highly flexible Activity Centre Zoning providing high value outcomes (STPA)
• Positioned near the high profile corner of Chapel Street and Toorak Road which includes the Como Centre, Capitol Grand and Country Road
• Surrounded by a plethora of multi-level apartment sites constructed, in construction and in planning stage
• Benefiting from high levels of foot traffic along Chapel Street and Toorak Road with South Yarra Train Station only 400 metres away.

587-593 Chapel Street, South Yarra presents an outstanding opportunity to acquire a highly sought South Yarra freehold providing the successful purchaser with the opportunity to re-position the asset, continue with the current income stream or re-development into multi level offering.

FOR SALE BY PUBLIC AUCTION WEDNEDAY 13TH APRIL AT 1PM

*approx.