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2. Property Highlights

UNIQUE & FLEXIBLE CHAPEL STREET BUILDING

Gross Waddell ICR is pleased to offer for sale via Expressions of Interest 151 Chapel Street, St Kilda.

Positioned within one of Melbourne’s most vibrant locations, the property comprises a retail space, rear warehouse/residence conversion and an upstairs apartment offering the ultimate flexibility to invest, part occupy or develop (STCA) in the future.

Key property highlights include:

• Land area: 281sqm*

• Flexible Commercial 1 zoning

• Three income streams totalling $99,052* p.a.

• Benefits from rear access and off street parking

• Located metres from the Carlisle Street retail precinct

151 Chapel Street (retail space):

• Building area: 83sqm*

• Leased to Michael’s Cameras Hire

• Renewed 3 year lease commencing 1st April 2024

• Rent: $35,692* p.a. (as at 1st April 2024)

Rear 151 Chapel Street (warehouse):

• Building area: 101sqm*

• Monthly overholding lease

• Rent: $39,108* p.a.

149A Chapel Street (residential apartment):

• Fully refurbished two bedroom residence with private access via Chapel Street

• 1 year lease commenced 27th November 2023

• Rent: $24,252* p.a.

151 Chapel Street, St Kilda is offered for sale via Expressions of Interest closing Thursday 18th April 2024 at 3pm.

For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*approx.

Remember to mention you found this property on CommercialReady

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3. Property Location

151 Chapel Street, St Kilda, VIC, 3182

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4. Due Diligence

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