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2&3/529 Chapel St South Yarra VIC 3141

  • Retail
  • 214 m²
  • For Sale, $6,900,000 (GST na)

FASHIONABLE INVESTMENT IN THE HEART OF CHAPEL STREET - 10 YEAR LEASE

  • • Area: 214sqm approx.
  • • Fixed 4% rent increases.
  • • Two car spaces.

• Located in the absolute prime position of one of Melbourne’s premier retail strip. Occupied by international fashion 'General Pants Co'. Excellent long term growth potential with nearby residential and commercial real estate projects with associated local population growth expected. Vibrant retail strip located amongst highly successful retailers. Diagonally opposite tram stop

• Area: 214sqm approx.
• Lease Term: 10 + 10 years
• Fixed 4% rent increases
• Chapel Street frontage of 10.9 meters (approx.)
• Two car spaces.
• Depreciation benefits
• Current Rent: $380000 pa (approx) plus outgoings
• Opposite Jam Factory and Colonnade car parks
• Adjacent pedestrian crossing and ‘Lover’s Walk’ pedestrian link to South Yarra Station
• Price Guidance $6.9 million

Address2&3/529 Chapel St South Yarra VIC 3141
ZoningPUZ4 - Public Use Zone (PUZ) Schedule 4
CouncilSTONNINGTON CITY
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2014132889
Floor Area214 m²
Land Area214 m²
Parking2 x Onsite parkings
Annual Return4%
AvailabilityTenanted
Category
Last updated  25 Jan 2018
Map for 2&3/529 Chapel St South Yarra VIC 3141
J & D Real Estate
Shop19, Box Hill Centre, 1 Main Street Box Hill VIC 3128

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