Tenanted building in Melbourne's Chapel Street set for auction

Tenanted building in Melbourne's Chapel Street set for auction
Tenanted building in Melbourne's Chapel Street set for auction

A tenanted commercial building in Melbourne’s iconic retail strip Chapel Street is set to go under the hammer on May 18.

Located at 228-230 Chapel Street, Prahran, the building consists of two shops and a first floor office with mezzanine apartment.

The combined rent from the property is $250,756.36 plus GST with upside potential.

The land area is  277 sqm while the floor area is 569 sqm.

The building has been fully refurbished and the three titles are being offered as a whole.

Its zoning is Commercial 1. The listing agents are Joseph Walton, James Gregson and Michael Ryan of Allard Shelton.

It last sold in 2006 at $2.89 million.

 

Tags: 
Melbourne Commercial Sale

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