DOMINANT FULLY LEASED FREEHOLD - FIRST TIME EVER OFFERED

Fitzroys & Lane Commercial are privileged to present for the first time to market 259-261 Chapel Street, Prahran for sale by public on site auction on Thursday 13th August at 1pm.

Highlights of this offering include:

•  Prominent double storey freehold of 602sqm* across three tenancies
•  Fully leased to longstanding tenants Daily Jocks, Connection and Bennett's Fitness
•  Total current income $184,550pa plus outgoings
•  Substantial landholding of 366sqm* with rear access, offering a variety of development outcomes (stpa)
•  Suits investors, value-add buyers and developers (stpa)
•  High profile position in Prahran's retail precinct surrounded by leading national brands Coles, Dan Murphy's, JB Hi-Fi, Rebel Sport, Nike and many more
•  Dynamic day and night trading position close to Chapel and Greville Street's expanding dining precinct with Studio Amaro, Entrecote, Angus & Bon, Revolver and many more
•  Perfectly to positioned to benefit from huge population growth with a number of major developments nearby including Cecil Place by Banco Group, 402-416 Chapel by Vicland and Jam Factory by Gurner
•  Highly desirable Activity Centre Zone 1 (ACZ1) with surrounding developments up to 9-storeys

For further information or to arrange an inspection please contact the selling agents:

Fitzroys
Lewis Waddell 0431 107 275
David Bourke 0407 705 755

Lane Commercial
Peter Lane 0499 668 801

*Approx.