Auction: 29/04/2022 1:00 PM

517 & 517A Chapel Street
SOUTH YARRA, VIC 3141

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Property Description

Signature South Yarra Freehold Investment

Fitzroys is delighted to offer for sale this strategically located, beautifully presented South Yarra freehold by Public Auction on Friday 29th April at 1pm onsite.

The key attributes of this offering include:

  • Impressive two storey building of 311sqm*
  • Land area of 212sqm* with excellent rear access from Davison Place
  • Leased to 2 long established tenants and returning $125,550* per annum
  • Ground floor leased to Eternal Bridal on a new 3 x 3 x 3 year lease
  • First floor leased to highly popular Katuk Bar on a 10 year lease
  • Within highly flexible Activity Centre Zoning providing a range of future outcomes (STCA)
  • Excellent access to all forms of transport amenity including South Yarra Station (400 metres*) and Chapel Street trams
  • High foot traffic position near an array of renowned National traders including Scanlan Theodore, Kookai, Decjuba, M.J. Bale, Sportsgirl, Rustica, Peter Alexander and more
  • Strategically located directly opposite the entrance to the Jam Factory which is set to undergo a $1.5 Billion* redevelopment (incl. 400 apartments & 180 room hotel) by Gurner, Qualitas and Newmark Capital
  • Surrounded by a number of high-density apartment and office developments in different stages of planning and construction
  • Recently completed projects such as Goldfields House, Capitol Grand and Yarra One further underpin the strong growth trajectory of South Yarra

For further information or an inspection contact Chris Kombi or Lewis Waddell

*approx.

ZoneActivity Centre
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Consultant

Chris Kombi

M: 0438 156 236
E: kombic@fitzroys.com.au

Lewis Waddell

M: 0431 107 275
E: waddelll@fitzroys.com.au

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Property Information

Property ID
133775

Price
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Building
311m2

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