357 & 359 CHAPEL STREET
Offered for the first time in 40 years, this prestigious multi-tenancy hospitality site caters to investors, developers or owner occupiers looking to capitalise in one of Melbourne’s premier locations.
POTENTIAL scheme proposed (STCA) 6 Level
LAND AREA 435 sqm *
BUILDING AREA 609 sqm * Two titles offered as one
ZONING Activity Centre Zone (ACZ1) BUY ME.
For sale via Expressions of Interest closing Thursday 9th May at 3.00pm
12.6m* frontage on Chapel Street
10% deposit with the balance payable in 60 days
*approx TERMS OF SALE
I’m an impressive opportunity with timeless appeal.
The brilliantly designed Victorian “Hohmuth’s Buildings” built in 1885 present as two side by side double storey shops which are ideal for hospitality tenants.
357 Chapel Street offers 115sqm* of ground floor hospitality space with bar and small commercial kitchen. 359 Chapel Street provides 498sqm* including above and behind 357 Chapel Street and has a full commercial kitchen.
The property is outlined on the certificate of title as follows.
359 Chapel St - Volume: 09641 Folio: 671
357 Chapel St - Volume: 08409 Folio: 145
IMPRESSIVE TOTAL FLOOR AREA
609sqm*
split amongst two tenancies
WELL SERVICED BY
TRAM TRAIN BUS
PREMIER LOCATION
Located in one of Melbourne’s most prominent precincts
COMBINED LAND AREA OF 12.6m* frontage on Chapel Street 435sqm*
I’m a unique mix.
357
Vacant / 115 sqm*
Previously earning $85,000 per annum with demolition clause and a 1am liquor licence.
359
Vacant / 498 sqm*
Previously earning $150,000 per annum on a 4 year lease with demolition clause.
Ideal for a hospitality operator wanting a Chapel Street premises ready-to-go!
I’m a hospitality destination.
I’m an exceptional 609 sqm * over 2 tenancies.
Level one
Chapel Street, South Yarra is a bustling and affluent neighborhood known for chic cosmopolitan vibe. The street is lined with a diverse range of retail stores, boutiques, galleries, eateries, and bars, making it a popular destination for both locals and tourists alike. Additionally, Chapel Street hosts various cultural events, markets, and festivals throughout the year, adding to its vibrant and fresh atmosphere. South Yarra also greatly benefits from a strong Public Transport network with multiple train stations, trams and bus routes.
SOUTH YARRA
City of Stonnington
$2,180,000
Source:
HOUSEHOLD SUMMARY
SUBURB PROFILE
I’m in an enviable location.
I’m more than meets the eye - unlock my full potential.
Whilst plans have not been approved, town planners have proposed a potential mixed-use development at 357-359 Chapel St, South Yarra. The scheme is a development with a blend of retail, office, and residential offerings. Embracing the area’s rich heritage, the design seamlessly integrates historical elements with a contemporary vision. Nestled amidst the dynamic streetscape, this project holds promise for revitalising the neighborhood. With the possibility of pedestrian access from both the street and rear laneway. The site offers a unique opportunity to make your mark on Chapel Street.
For Sale via Expressions of Interest
Date: Thursday 9th May at 3.00pm
Terms: 10% deposit with the balance payable in 60 days
Payment of Deposit Options:
1. Cheque – Personal or Bank payable to Aston Commercial Sales Trust Account
2. Macquarie Direct Debit Pay via secure portal link
Make a private appointment with the exclusive agents INSPECT A contract of sale and vendors statement REQUEST
“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