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 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*
• 1 year lease commenced 8th March 2023
• 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 26th November 2024
• 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.