Chapel Street, South Yarra retail property for auction
Staff reporterDecember 7, 2020
A South Yarra retail property has been listed for auction.
Located at 403 Chapel Street, it has three street frontages with the opportunity for future cut up potential.
It has a four year net lease to a highly secure tenant with a net annual income of $208,000 with all outgoings paid by the tenant and a 4% fixed annual increase.
Surrounding the property are a number of residential developments, set to provide higher density, increased foot traffic and further demand for retailers.
The auction is on December 9 through CBRE agents Rorey James, Nic Hage and Justin Dowers.