257 Chapel Street,
Prahran, VIC 3181
Shops & Retail
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Land area
Floor area
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Gross Waddell ICR - Commercial
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
257 Chapel Street
Prahran, VIC 3181
Map of 257 Chapel Street
LANDMARK CORNER – CENTRAL LOCATION
** SOLD - $5,200,000 **
Prahran is one of Melbourne’s most affluent and tightly held residential and retail precincts. Chapel Street accommodates a multitude of national retailers, high end boutiques and numerous cafes, restaurants and eateries. Over recent years there has been, and continues to be, many successful mixed-use developments.
Property highlights include:
• Substantial landholding of 495m2*
• Frontages: - Chapel Street: 13* metres
- Greville Street: 31* metres
• Building area: 632m2*
• Long term leases
• Total income: $230,000* p.a. net
• Surrounded by national tenants including Coles, Woolworths and Dan Murphy’s
• Potential to value-add and future redevelopment opportunity upon expiry of leases
*Approx.
Prahran is one of Melbourne’s most affluent and tightly held residential and retail precincts. Chapel Street accommodates a multitude of national retailers, high end boutiques and numerous cafes, restaurants and eateries. Over recent years there has been, and continues to be, many successful mixed-use developments.
Property highlights include:
• Substantial landholding of 495m2*
• Frontages: - Chapel Street: 13* metres
- Greville Street: 31* metres
• Building area: 632m2*
• Long term leases
• Total income: $230,000* p.a. net
• Surrounded by national tenants including Coles, Woolworths and Dan Murphy’s
• Potential to value-add and future redevelopment opportunity upon expiry of leases
*Approx.
Prahran, 3181 demographic data
The median household income for Prahran is $2,121, 12% higher than Greater Melbourne's household income of $1,901. Prahran has a younger age profile compared to the rest of Greater Melbourne (median age 34 vs 37). Property ownership data shows 53% of property owners in Prahran have a mortgage.
12,203
Population
$2,121 per week
Median household income
34 years
Median age
Renters
Most residents
Singles
Most households
Gross Waddell ICR - CommercialLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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