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 time||26/11/2020 15:00|
|Recipient name||Ask Agent|
|Delivery address||Ask Agent|
|Floor Area||260 m²|
|Land Area||394 m²|
|Parking||3 x Onsite parkings|
|Annual Return||Ask Agent|
|Last updated||13 Nov 2020|