517 & 517A Chapel Street,
South Yarra, VIC 3141
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Fitzroys - Melbourne
Level 27, 360 Collins StreetMELBOURNE, VIC 3000
517 & 517A Chapel Street
South Yarra, VIC 3141
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Signature South Yarra Freehold Investment
- Returning $125,550* Per Annum
- Securely Leased To 2 Quality Tenants
- Opposite Jam Factory Redevelopment
Fitzroys is delighted to offer for sale this strategically located, beautifully presented South Yarra freehold by Public Auction on Friday 29th April at 1pm onsite.
The key attributes of this offering include:
- Impressive two storey building of 311sqm*
- Land area of 212sqm* with excellent rear access from Davison Place
- Leased to 2 long established tenants and returning $125,550* per annum
- Ground floor leased to Eternal Bridal on a new 3 x 3 x 3 year lease
- First floor leased to highly popular Katuk Bar on a 10 year lease
- Within highly flexible Activity Centre Zoning providing a range of future outcomes (STCA)
- Excellent access to all forms of transport amenity including South Yarra Station (400 metres*) and Chapel Street trams
- High foot traffic position near an array of renowned National traders including Scanlan Theodore, Kookai, Decjuba, M.J. Bale, Sportsgirl, Rustica, Peter Alexander and more
- Strategically located directly opposite the entrance to the Jam Factory which is set to undergo a $1.5 Billion* redevelopment (incl. 400 apartments & 180 room hotel) by Gurner, Qualitas and Newmark Capital
- Surrounded by a number of high-density apartment and office developments in different stages of planning and construction
- Recently completed projects such as Goldfields House, Capitol Grand and Yarra One further underpin the strong growth trajectory of South Yarra
For further information or an inspection contact Chris Kombi or Lewis Waddell
*approx.
The key attributes of this offering include:
- Impressive two storey building of 311sqm*
- Land area of 212sqm* with excellent rear access from Davison Place
- Leased to 2 long established tenants and returning $125,550* per annum
- Ground floor leased to Eternal Bridal on a new 3 x 3 x 3 year lease
- First floor leased to highly popular Katuk Bar on a 10 year lease
- Within highly flexible Activity Centre Zoning providing a range of future outcomes (STCA)
- Excellent access to all forms of transport amenity including South Yarra Station (400 metres*) and Chapel Street trams
- High foot traffic position near an array of renowned National traders including Scanlan Theodore, Kookai, Decjuba, M.J. Bale, Sportsgirl, Rustica, Peter Alexander and more
- Strategically located directly opposite the entrance to the Jam Factory which is set to undergo a $1.5 Billion* redevelopment (incl. 400 apartments & 180 room hotel) by Gurner, Qualitas and Newmark Capital
- Surrounded by a number of high-density apartment and office developments in different stages of planning and construction
- Recently completed projects such as Goldfields House, Capitol Grand and Yarra One further underpin the strong growth trajectory of South Yarra
For further information or an inspection contact Chris Kombi or Lewis Waddell
*approx.
Property ID: 504042559Last Updated: 1 Jul 2022
Fitzroys - MelbourneLevel 27, 360 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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