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587-593 Chapel Street
SOUTH YARRA, VIC 3141

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Property Description

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.

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Consultant

Mark Talbot

M: 0409 222 411
E: talbotm@fitzroys.com.au

David Bourke

M: 0407 705 755
E: bourked@fitzroys.com.au

Property Information

Property ID
132562

Price
Contact Agent

Building
350m2

Land
354m2