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16-18 Chambers Street, South Yarra, Vic 3141

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16-18 Chambers Street, South Yarra, Vic 3141

South Yarra

16-18 Chambers Street, South Yarra, Vic 3141
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16-18 Chambers Street, South Yarra, Vic 3141

South Yarra

SOLD
16-18 Chambers Street, South Yarra, Vic 3141

16-18 Chambers Street, South Yarra, Vic 3141

Properties / Sold / Victoria / South Yarra
Development Potential
Property Type
Residential
Sub Type
Apartment Sites
Land Area
561 m² (*approx)
Selling Method
SOLD: Contact Agent
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SOLD

Prime South Yarra Apartment Block With Development Upside

The forthcoming sale campaign at 16-18 Chambers Street, South Yarra presents a rare opportunity to acquire a prime South Yarra apartment block with significant development potential.

The high-profile corner allotment with three street frontages is only metres from the bustling Chapel Street & Toorak Road retail precincts. The property is further complimented by being within proximity to a plethora of public transport, sports facilities and parklands. The existing undercapitalised improvements of six quality apartments generate a strong holding income stream and a positive rental reversion potential.

Key investment highlights include – 
• Current income of $140,052p.a.*
• Corner site area of 561m² with three street frontages
• Situated only metres from the thriving Chapel Street & Toorak Road retail shopping strips
• Favourable General Residential Zoning allows multi-storey development (STCA)
• Undercapitilised existing improvements of six presentable apartments
• Median house price of $1,865,500 supports a high-end development outcome
• Highly suitable to investors and developers 
• Fantastic public transport amenity with the South Yarra train station only a short walk away

*Approx

Remember to mention that you found this property on Developmentready.com.au

Read More
Development Potential

Development Site Summary

Property Type
Residential
Sub-type
Apartment Sites
Land Area
561 m² (*approx)
Selling method
SOLD: Contact Agent

Development Site Highlights

SOLD

Prime South Yarra Apartment Block With Development Upside

The forthcoming sale campaign at 16-18 Chambers Street, South Yarra presents a rare opportunity to acquire a prime South Yarra apartment block with significant development potential.

The high-profile corner allotment with three street frontages is only metres from the bustling Chapel Street & Toorak Road retail precincts. The property is further complimented by being within proximity to a plethora of public transport, sports facilities and parklands. The existing undercapitalised improvements of six quality apartments generate a strong holding income stream and a positive rental reversion potential.

Key investment highlights include – 
• Current income of $140,052p.a.*
• Corner site area of 561m² with three street frontages
• Situated only metres from the thriving Chapel Street & Toorak Road retail shopping strips
• Favourable General Residential Zoning allows multi-storey development (STCA)
• Undercapitilised existing improvements of six presentable apartments
• Median house price of $1,865,500 supports a high-end development outcome
• Highly suitable to investors and developers 
• Fantastic public transport amenity with the South Yarra train station only a short walk away

*Approx

Remember to mention that you found this property on Developmentready.com.au

Read More
Development Potential
Ben Baines
Ben Baines
+61 *** *** *** show +61 438 328 407
Ben Baines
Ben Baines
+61 *** *** *** show +61 438 328 407

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16-18 Chambers Street, South Yarra, Vic 3141 South Yarra
Colliers - Melbourne CBD
Colliers - Melbourne CBD
Ground Floor, Optus Centre 367 Collins Street, Melbourne, VIC, 3000
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Ben Baines
Ben Baines
+61 *** *** *** show +61 438 328 407
Marshall White - Stonnington
Marshall White - Stonnington
1111 High Street, Armadale VIC 3143
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