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291 CHAPEL STREET Prahran VIC 3181

  • Shop & Retail
  • 260 m²
  • Expressions of Interest

PRIME COMMONWEALTH BANK FREEHOLD

  • SUPER PRIME COMMONWEALTH BANK FREEHOLD
  • LOCATED IN BETWEEN COLES AND DAN MURPHYS
  • DUAL STREET FRONTAGE TO CHAPEL & CATO ST

Emmetts is pleased to present for sale a super prime Central Melbourne retail freehold investment, leased to Australias largest bank.

The property is strategically positioned amongst Australias most successful retailers in the absolute prime trading section of Melbournes leading inner city retail strip.
Investment considerations include:

Irreplaceable freehold land holding of 394 sq m*

Wide dual street frontages to both Chapel Street and Cato Street.

Leased to Commonwealth Bank of Australia with rare fixed rental increases through to 2028^

Modern banking premises with tenant fit out completed in 2015

Absolute prime trading position, immediately surrounded by Australias leading national retailers including Coles, Liquorland, Dan Murphys, Priceline, Rebel Sport, JB Hi Fi and Kathmandu.

Arguably the most prime 100 metres of daily needs retailing in Central Melbourne.

Surrounded by 2,000* shopper car parks in addition to multiple forms of public transport (rail, tram and bus).

Medium density Central Melbourne location with enormous future growth potential.

Long term redevelopment and / or value-add potential (STCA)

The property is offered for sale by Expressions of Interest, alongside adjoining 299-301 Chapel Street which is leased to Priceline Pharmacy (franchisee).

Expressions of interest for both properties closes 26th November at 3pm. Interested parties are invited to express interest in buying the properties separately or together.

* denotes approx.

^ denotes subject to exercise of option

For further information on this sale, contact the exclusive selling agents.

EXPRESSION OF INTEREST

Closing date and time26/11/2020 15:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Property ID2016587396
Floor Area260 m²
Land Area394 m²
Parking3 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  13 Nov 2020
Map for 291 CHAPEL STREET Prahran VIC 3181
Map for 291 CHAPEL STREET Prahran VIC 3181291 CHAPEL STREET Prahran VIC 3181
Emmetts Real Estate
Level 7, 24 Collins Street Melbourne VIC 3000

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