647 Chapel Street,
South Yarra, VIC 3141
Shops & Retail • Development Sites & Land
Key property information
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Map of 647 Chapel Street
Sweet South Yarra Freehold Investment
- New 5 Year Lease To Renowned Tenant
- Returning $140,400 per annum net
- Within Dynamic Forrest Hill Precinct
- Substantial, fully refurbished building of 300sqm approx.
- Land area of 238 sqm approx. plus excellent rear access via Daly Street and Forest Hill
- New 5 x 5 x 5 year lease to Melbourne’s iconic sweet destination Burch & Purchese
- Returning $140,400 per annum plus outgoings and GST
- Prominent two-level brick building featuring architecturally designed interiors
- Perfectly positioned between Toorak Road and Alexandra Avenue in the heart of the booming Forrest Hill high density precinct
- Next to The Olsen and opposite The Como Centre and Vogue (Kmart, Woolworths) and Melbourne High School to the rear
- Enormously successful location with a huge catchment of over 3,000 residents and workers immediately surrounding the property
- The property is further enhanced by the growing number residential projects currently under construction, including - - Royal Como, Gisele, 661 Chapel Street, W South Yarra, Wil & Co and many more
- Future value add potential (stca)
- Rare investment opportunity in a high growth location
- Inspection a must!
- Land area of 238 sqm approx. plus excellent rear access via Daly Street and Forest Hill
- New 5 x 5 x 5 year lease to Melbourne’s iconic sweet destination Burch & Purchese
- Returning $140,400 per annum plus outgoings and GST
- Prominent two-level brick building featuring architecturally designed interiors
- Perfectly positioned between Toorak Road and Alexandra Avenue in the heart of the booming Forrest Hill high density precinct
- Next to The Olsen and opposite The Como Centre and Vogue (Kmart, Woolworths) and Melbourne High School to the rear
- Enormously successful location with a huge catchment of over 3,000 residents and workers immediately surrounding the property
- The property is further enhanced by the growing number residential projects currently under construction, including - - Royal Como, Gisele, 661 Chapel Street, W South Yarra, Wil & Co and many more
- Future value add potential (stca)
- Rare investment opportunity in a high growth location
- Inspection a must!
Additional information
Documents
South Yarra, 3141 demographic data
The median household income for South Yarra is $2,063, 9% higher than Greater Melbourne's household income of $1,901. South Yarra has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 47% of property owners in South Yarra have a mortgage.
25,028
Population
$2,063 per week
Median household income
33 years
Median age
Renters
Most residents
Singles
Most households
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Contact Agent
429-431 Chapel Street & 67-73 Grosvenor Street,South Yarra, VIC 3141 546 m²Shops & Retail • Offices