196 Chapel Street, Prahran VIC 3181

Colliers are excited to offer 196 Chapel Street, Prahran for sale by Expressions of Interest closing on Tuesday 8th September 2026 at 3PM.

Key attributes include:

•Rare freehold opportunity in the heart of a major throughfare and heaving nightlife scene

•Offered with Vacant Possession

•Prime land holding of 212sqm*

•Expansive two storey building of 202sqm* with spacious courtyard and washroom services to both levels

•On site parking for two cars accessible via rear ROW

•Versatility to occupy, invest or value add

•Within flexible Activity Centre Zone lending itself to a multitude of business outcomes stca

•Rapidly growing high-density suburb with a superb catchment located 5kms* south east of Melbourne’s CBD

•Major gentrification and population growth throughout the area with a median house price of $1,600,000^

•Average personal income which is 71% higher than the state average^^

•Outstanding public transport amenities with tram 78 at the doorstep and 370m to Prahran train station

•Thriving and vibrant location surrounded by all possible amenity

This versatile blank canvas provides ultimate versatility for a variety of uses including hospitality & entertainment, retail or service retail.

Positioned between Greville and High Street in the heart of Chapel Street's vibrant entertainment precinct, this exceptional freehold opportunity enjoys a coveted location surrounded by some of Melbourne's leading hospitality venues, bars, restaurants, and event operators. Strategically located between Windsor's renowned dining precinct and the transformative $3.75 billion* Jam Factory redevelopment, the property is perfectly placed to benefit from one of Melbourne's most significant urban renewal projects, offering outstanding exposure, long-term growth potential, and unparalleled lifestyle amenity.

Don’t miss your chance to reinvent and make your mark on Chapel!

Contact the exclusive Colliers Agents for more information or to arrange for an inspection.

Ervin Niyaz | 0404 808 327

Lucas Soccio | 0421 428 990

Travis Keenan | 0412 120 943

*Approximate

^REA

^^ ABS

Remember to mention you found this property on CommercialReady