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587-593 Chapel Street, South Yarra, VIC, 3141

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587-593 Chapel Street, South Yarra, VIC, 3141

587-593 Chapel Street, South Yarra, VIC, 3141

Properties / Buy / Victoria / South Yarra
Development Potential

1. Property Summary

Property Type
Commercial
Land Area
354 m² (*approx)
Selling Method
For Sale: Auction
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2. Property Highlights

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

*approx.

Remember to mention you found this property on DevelopmentReady

Read More

1. Property Summary

Property Type
Commercial
Land Area
354 m² (*approx)
Selling method
For Sale: Auction

2. Property Highlights

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

*approx.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

3. Property Location

587-593 Chapel Street, South Yarra, VIC, 3141

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4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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587-593 Chapel Street, South Yarra, VIC, 3141 South Yarra
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