35-37 Mount Street, Prahran

CREATIVE OFFICE/STUDIO READY TO GO

BUY ME.

Aston Commercial are delighted to offer 35-37 Mount Street, Prahran For Sale by Expressions of Interest closing on Thursday 1st June 2023 at 3:00pm

I’m Flexible. Occupy, invest, or develop (STCA)

I’m ambitious. Land area 548 sqm* & building area 741 sqm*

I’m versatile. Favourable Activity Centre Zoning (ACZ1)

INTRODUCTION

This outstanding commercial offering comprises a recently refurbished and high-quality two-level office building in the heart of Chapel Street’s prime retail precinct.

35-37 Mount Street, Prahran is a rare opportunity. It features a double-height office/ studio on the ground floor and an open plan office on the first floor, both designed to maximize natural light and create a bright and creative environment. There is the added benefit of development potential.

Forming part of The Mount Street Area Plan that has a develop-able height limit of up to 9 levels of residential, commercial or a combination of both.

Aston Commercial strongly encourages your active participation in this Expressions of Interest campaign for 35-37 Mount Street, Prahran.

A

LOCATION

35-37 Mount Street, Prahran is tucked away behind Chapel Street’s prime retail strip. The surrounding area boasts an array of dining, entertainment, and retail options, making it a highly sought-after city fringe location.

OPPORTUNITIES

• Owner-Occupy

• Residential Development (STCA)

• Office Development (STCA)

• Invest

• Landbank

TENURE

Vacant Possession

TERMS OF SALE

10% deposit with the balance payable in 60 days

ZONING

Activity Centre Zoning

– Schedule 1 (ACZ1)

METHOD OF SALE

For Sale by Expressions of Interest closing on Thursday 1st June 2023 at 3:00pm

EXCLUSIVE SELLING AGENTS

high-quality, two-level office building with undeniable future development potential.

WHY BUY?

Prominent Commercial Offering

This prominent Prahran landholding spans over 548 sqm* and features over 18 m* of street frontage to Mount Street.

Quality Improvements & Parking Amenity

Improved by an expansive two-level creative studio and level 1 office that includes a recently refurbished fitout in addition to six (6) off-street parking.

Forthcoming Mouclif Park

The property is located directly adjacent to proposed Mouclif Park that will fall as part of the forthcoming Mount Street Area Masterplan that is currently under construction. This park will connect Mount Street and Clifton Street and add significant value to this site. Refer pages 20 & 21.

Outstanding Location

Prime City Fringe location only moments from Chapel Street, offering exceptional access to popular amenities. Emerging as a premium and exclusive residential and business hub, and set to benefit from Mount Street Area Masterplan.

Favourable Activity Centre Zoning

ACZ zoning encouraging significant development outcomes. Several residential and office developments in the area, including The Clifton by McLaren developments and 28 Mount Street, Prahran by Street Scape.

Future Flexibility

The property is being offered with vacant possession providing substantial flexibility for purchasers to value-add, owner-occupy, invest, reposition, or redevelop. (STCA).

LOCATION PRAHRAN 3181

35-37 Mount Street is located in Melbourne’s burgeoning City Fringe suburb Prahran.

Prahran is arguably Melbourne’s most vibrant inner-city location that offers a plethora of options for entertainment, dining, and shopping. Whether you want to catch a show at an independent theatre, party until dawn, or indulge in food and drinks at the latest hotspots, Prahran has something for everyone. With its lively atmosphere and endless array of options, Prahran has the charisma and endurance to keep you occupied throughout the day and night.

One of the highlights of Prahran is its elegant dining scene and serene residential streets. The neighbourhood is home to a variety of world-renowned restaurants, ranging from trendy cafes to sophisticated fine dining establishments. Visitors can stroll along leafy residential streets, taking in the charming

MEDIAN HOUSE PRICE: $1,779,000

architecture and relaxed atmosphere. Despite its bustling nature, Prahran still exudes a friendly, village-like ambiance that makes it an ideal place to live or visit.

Prahran is also a shopper’s paradise, with Chapel Street serving as the neighbourhood’s main shopping hub. Here, visitors can find everything from high-end fashion boutiques to vintage stores and artisanal shops. For those who prefer a more low-key shopping experience, Greville Street is the perfect spot. This trendy street is home to record stores, bookshops, and unique boutiques that offer one-of-a-kind finds. Visitors can also explore the Chapel Street Bazaar, which is filled with antique treasures and vintage goods. Overall, Prahran is a dynamic and exciting neighbourhood that is sure to leave a lasting impression on anyone who visits.

SURROUNDING SUBURBS:

TOORAK $5,380,000

SOUTH YARRA $2,192,500

ARMADALE $2,537,500

MALVERN $2,884,000

PROPERTY PARTICLUARS

GROSS BUILDING AREA 741 sqm* TENURE Vacant Possession

CAR PARKING Six on-site and secure car parks

IMPROVEMENTS

Nestled in the heart of the popular Prahran retail precinct and only 50 m* from Chapel Street, 35-37 Mount Street offers a meticulously renovated, two-level office building with high quality improvements.

With a generous land size of 548 sqm* and a total building area of 741 sqm*, this property includes a creative studio on the ground floor and a recently refurbished open plan creative office on the first floor.

The building boasts high-end features such as a polished concrete floor, exposed roof with skylight, modern kitchen and bathroom facilities, multiple meeting rooms, and a boardroom with sleek new architectural finishes.

CERTIFICATE OF TITLE

CARPARKING

THE SITE

The property is contained within the following Certificates of Title: Volume 09314 Folio 585

Six on-site and secure car parks

ZONING Activity Centre Zoning (ACZ1)

OVERLAYS - Environmental Audit Overlay (EAO)

- Incorporated Plan Overlay (IPO3)

- Special Building Condition (SBO1)

MUNICIPALITY Stonnington Council

LAND AREA 548 sqm*

FRONTAGES Mount Street – 18.6 m*

MOUNT STREET AREA MASTERPLAN

The Mount Street Area Masterplan, endorsed in November 2019 and currently under construction, aims to increase, and improve public open space in the immediate area through the creation of four new pocket parks and four pedestrian enhanced streets and shared zones.

1. Anchor Park

Anchor Park is the biggest of four proposed pocket parks in the Mount Street Precinct. It will be connected to Cecil Street, Anchor Place and Clifton Street, and will serve as a natural, lively space for casual get-togethers. The central amphitheatre with bleacher walls in lawn will be the main attraction of the park, which can be used for concerts or everyday meetings. The northern edge will have a rain garden, which will serve as water filtration and ecological interest.

3. Remo Park

Remo Park connects Mount Street to Regent Street and is designed as a relaxed space catering for picnics and informal seating. Custom designed seats and benches are integrated into the garden to provide distinct spaces for different-sized small groups under the shade of the new tree planting. Along the southern edge, a lawn and integrated seating bleacher provide a sunny space for larger groups to gather in the sun. A rain garden along the northern edge will provide water filtration and ecological interest.

CLIFTON STREET

ANCHOR PLACE

2. Mouclif Park

Mouclif Park is a narrow park that connects Clifton Street to Mount Street. It is designed as an active space for urban exercise, with features such as a brick wall at the Clifton Street end that will be converted into an exercise object, and furniture for seating and exercise. The park opens to Mount Street with a sloping lawn for relaxation or exercise. It also has a rain garden along the northern edge for water filtration and ecological interest.

35-37 Mount Street

4. Bangs Street Park

The small Bangs Park connects Regent Street to Bangs Street and is designed as a shaded, natural gathering space. The central lawn can be used for picnics or exercise, and a bleacher wall provides seating. A feature wall will be created for art, sculpture, or projection. The design of the shared zone and crossing on Bangs Street should complement the future proposed open space within the Bangs Street Estate.

Chapel street

DEVELOPMENT POTENTIAL

The owners have engaged renowned architect Cera Stribley to prepare a feasibility that is in accordance with the ACZ zoning and DDO.

This plan is not set in stone but shows the absolute development potential whether it be residential, office or a combination of both.

PROJECT DEVELOPMENT SUMMARY

FLOOR PLANS

Thinking of Selling?

Great sales results always get talked about. The work that makes them happen, usually doesn’t.

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OUR SALES DNA

One of the differences at Aston Commercial, is that while what we say might be called an “opinion”, it’s always based on evidence. We do our homework first and talk later.

Another difference is that for us, sales is very much a whole team exercise, where there are many players and all our departments work together in the pursuit of the best result.

TRUSTED TACTICAL

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DISCLAIMER

“Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom.

*Approximate