Watch Watch
Sold Check
+10 Photos
254 Chapel Street, PRAHRAN, VIC, 3181

2. Property Highlights

Spice It Up | Prized Chapel St Corner
  • 5 Year Lease plus options to 2041
  • Directly Opposite Prahran Town Hall
  • Annual Rent Review

Burgess Rawson is pleased to offer to the market, 254 Chapel Street for sale via our Auction Investment Portfolio 159.

+ 5 year net lease to July 2026 plus options to 2041

+ Guaranteed future rental growth with minimum 3% annual rent increases or CPI (whichever is the greater amount)

+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings

+ Prominently located on the world-renowned Chapel Street and surrounded by key national tenants including; Coles, Dan Murphy’s, Woolworths, JB Hi-Fi, Rebel Sports and Nike and leading gyms.

+ Immaculate 203*sqm ground floor retail premises with a large commercial kitchen and quality intensive fit-out with 37 metres of frontage and exposure to Chapel Street and King Street.

+ Minimal management, essential service investment.

+ Prahran: Affluent inner-city suburb with a median house price growth of 14.2% over the past 2 years to $1.8 million**

+ Rent: $113,000 pa* + GST (July 2023)

To be sold by Investment Portfolio Auction:

10:30am AEDT Wednesday 29 March 2023

Crown Casino, Melbourne

Please contact the exclusively appointed Burgess Rawson team for more information.



Remember to mention you found this property on CommercialReady

Read More

3. Property Location

254 Chapel Street, PRAHRAN, VIC, 3181

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
calculator-icon Yield Calculator
calcultor-icon Yield Calculator