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151 Chapel Street, St Kilda, VIC, 3182

Properties / Buy / Victoria / St Kilda

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

$2,650,000

Land Area

281 m² (*approx)

Floor Area

184 m² (*approx)

Property Type

Retail

Terms

Renewed 3 year lease commencing 1st April 2024

Est. Income

$99,052 p/a

Fully Leased

Michael’s Cameras Hire

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2. Property Highlights

UNIQUE & FLEXIBLE CHAPEL STREET BUILDING

Gross Waddell ICR is pleased to offer for Private Sale 151 Chapel Street, St Kilda.

Positioned within one of Melbourne’s most vibrant locations, the property comprises a retail space, rear warehouse/residence conversion & 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 Private Sale.

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

*approx.

Remember to mention you found this property on CommercialReady

Property Type

Retail

Est. Income

$99,052 p/a

Number Of Tenants

Tenant

Michael’s Cameras Hire

Terms

Renewed 3 year lease commencing 1st April 2024

Land Area

281 m² (*approx)

Floor Area

184 m² (*approx)

Selling Method

EOI

EOI Closing Date

18 Apr 2024 03:00PM

Add to calendar

Selling Details

$2,650,000

2. Property Highlights

UNIQUE & FLEXIBLE CHAPEL STREET BUILDING

Gross Waddell ICR is pleased to offer for Private Sale 151 Chapel Street, St Kilda.

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 Private Sale.

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

*approx.

Remember to mention you found this property on CommercialReady

151 Chapel Street, St Kilda, VIC, 3182 St Kilda

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Gross Waddell ICR

Level 1, 30 Collins Street Melbourne VIC 3000

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Danny Clark

+61 *** *** *** show +61 448 066 889

Alex Ham

+61 *** *** *** show +61 410 545 226

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

151 Chapel Street, St Kilda, VIC, 3182