×
SOLD

170-172 Chapel Street, St Kilda, VIC 3182

Development Potential
DETAILS
3,469sqm* St Kilda Landholding with Strong Net Holding Income
  • Corner Landholding - 145m* of Frontage
  • Strong Development Potential
  • Holding Net Income of $413,662 p.a*

Stonebridge Property Group is pleased to present for sale 170-172 Chapel Street, St Kilda, a prime 3,469sqm* triple fronted landholding with significant development potential.

Key highlights include:

- Substantial 3,469sqm* landholding on the corner of Chapel Street, Brighton Road (Nepean Highway) & Grosvenor Street, plus two (2) laneways with total frontage of 145m*

- Existing improvements comprise a distribution centre leased to Australian Post until August 2024 (no further options) with passing net income of $413,662 p.a* with 4% annual increases

- Highly favourable Residential Growth Zone, providing significant development potential

- Abundance of surrounding amenities including Carlisle Street retail shopping strip (350m*), St Kilda Botanical Gardens (400m*) & St Kilda Beach (1.2km*)

- Only 350m* to Balaclava Train Station, providing direct Melbourne CBD access, in addition to tram lines along Nepean Highway & Chapel Street

- Affluent & in demand suburb with a median house price of $1.9m^, representing an extraordinary 11.4% increase over the past quarter^

*Approximately

^Source: REIV

170-172 Chapel Street, St Kilda is for sale by Public Expressions of Interest closing Thursday 9th September 2021 at 2pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Julian White

0422 764 137

Justin Dowers

0438 098 805

Chao Zhang 张超

0411 625 068

Property Code: 276

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
EOI:
EOI:
Contact Agent
Property Area
AREA:
3469 m² (*approx)
Property Type
TYPE:
Commercial, Office, Other, Retail / Shopping Centre, Office, Other, Retail / Shopping Centre
Development Potential
DEVELOPMENT APPROVAL:
Commercial development Opportunity (STCA)

Due Diligence Tool

170-172 Chapel Street, St Kilda, VIC 3182

Download your free DistrictData site summary to obtain:

  • Site Summary
  • Development Pipeline
  • Recent Transactions (where available)
  • Surrounding Amenity
Download Report
AGENCY DETAILS
SUBURBS AROUND THIS AREA
Enquire Now