Emmetts Real Estate is pleased to present the opportunity to acquire 3 adjoining retail properties at 467, 469 and 471 Chapel Street, South Yarra with the following attributes:
- Combined land area 540 sq m approx.
- Combined frontage to Chapel Street of 17.2 metres approx.
- Exceptional location in one of Melbourne’s most distinguished inner-city neighbourhoods.
- Benefiting from a highly affluent trade catchment.
- Massive 47% population growth forecast for South Yarra, Prahran and Windsor between 2011 and 2031 (Forecast ID, Chapel ReVision, 2015) being facilitated by high density residential development.
- Offering opportunities for investment, owner-occupation, re-purposing, value-add, and redevelopment (STPA).
- 467 and 469 Chapel Street to be sold with vacant possession.
- 471 Chapel Street leased to Windsor Smith until 31 July 2018 with no further option. Currently returning $163,198 pa plus outgoings plus GST.
- All buildings benefit from rear access and off-street car parking.
- Buy individually or as a whole.
- For sale by expressions of interest closing Wednesday 26 July 2017.
- Note: dimensions, land and building areas are approximate and have been stated based on a combined holding.
- For further details including the IM and floor plans, please contact the exclusive sales and marketing agent Emmetts Real Estate.