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

Name: 587-593 Chapel Street, South Yarra, VIC, 3141
Address: 587-593 Chapel Street , VIC, South Yarra, VIC, 3141
Telephone: +61 409 222 411

+15 Photos

+17 Photos

SOLD

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

Properties / Sold / 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

Development Potential

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.

FOR SALE BY PUBLIC AUCTION WEDNEDAY 13TH APRIL AT 1PM

*approx.

Remember to mention you found this property on DevelopmentReady

Development Potential