Stonebridge Property Group and Cushman and Wakefield are pleased to present 402-416 Chapel Street, South Yarra, one of inner-Melbourne's last remaining development opportunities of significant scale.
The prominent 3,306 sqm* corner landholding includes 75 m* of highly valuable street frontage to Chapel Street, one of Melbourne's premier retail and lifestyle precincts. Additionally, the Activity Centre Zone and discretionary height controls allow for a range of development outcomes including residential, commercial, hotel and retail (STPA).
The key highlights of the opportunity include:
- Prominent 3,306 sqm* corner landholding with 75 m* of highly valuable street frontage to Chapel Street, one of Melbourne's premier retail and entertainment precincts
- Activity Centre Zone, with discretionary height controls, allowing for a range of development outcomes including residential, commercial, hotel and retail (STPA)
- 220 m* of quadruple street frontage, creating nearly an island site
- Permit approved for mixed use development including hotel, retail and residential
- Additional concept scheme featuring a 15-level residential tower plus ground floor retail spaces, designed by highly renowned architect, Jackson Clements Burrows
- Proximity to world class retail including Prahran market (150 m*), Como Centre (615 m*) and the forthcoming Jam Factory redevelopment (200 m*)
- Exceptional public transportation opportunities with Prahran, Hawksburn and South Yarra Train Stations within 700 m* of the Property as well as tram & bus stops along Chapel Street
- Potential for CBD, Port Phillip Bay and Albert Lake Park views from upper levels of redevelopment
- One of South Yarra and inner-Melbourne's last remaining development opportunities of significant scale with the potential to create a true Melbourne icon (STPA)
- Affluent area with a median house price of $2,280,000, significantly greater than the Melbourne average^
402-416 Chapel Street, South Yarra is offered for sale via International Expressions of Interest closing Wednesday 19th June 2024 at 2pm (AEST). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group and Cushman and Wakefield.
Stonebridge Property Group:
Julian White
0422 764 137
Andrew Milligan
0421 559 992
Chao Zhang
0411 625 068
Cushman and Wakefield:
Hamish Burgess
+61 421 641 497
Marcus Neill
+61 452 405 782
Joe Kairouz
+61 421 430 638
Leon Ma
+61 417 070 725
* Approximately
^ REIV
Property Code: 964
