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