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119-123 Greville Street
Prahran VIC 3181
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119-123 Greville Street Prahran VIC 3181

  • Shop & Retail
  • 362 m²
  • For Sale, Contact Agent

Trophy Greville Street retail investment with major rental & development upside

  • 3 side-by-side retail freeholds
  • Fully leased to popular retail tenants
  • Excellent development potential (STCA)

CBRE Melbourne are delighted to present for sale a super rare opportunity to purchase three (3) retail freeholds in-one-line on Prahran's popular Greville Street retail strip.

This significant investment offering can be summarised by the following key features:

+ Three (3) high profile retail freeholds offered for the first time together presenting investors and developers the opportunity to secure a diversified income stream on a substantial Greville Street land parcel

+ The property is offered to the market fully leased to longstanding and popular café tenant Chez Mademoiselle Café and new Italian restaurant (currently under renovation) by the same operator across 121 & 123 Greville Street as well as boutique retailer 'Muse' located at 119 Greville Street with significant rental upside.

+ The property features a combined retail frontage of 11.85 metres to Greville Street with additional rear laneway access and ROW to Glass Place and car space at 119 Greville Street

+ Spanning a 362 square metre* Activity Centre Zoned (ACZ1) landholding with excellent development upside with existing height precedent for a future 5-level development

+ Superbly situated in the heart of the thriving Greville Street retail and hospitality precinct, with direct proximity to high attraction hospitality businesses such as Entrecote, Angus & Bon, Rossi, College Lawn Hotel

+ Immediate proximity to over $3 billion in upcoming redevelopment and urban renewal projects including Gurner and Qualitas's $2.75 billion Jam Factory redevelopment, 45 new luxury apartments at Outline Project's 58 Porter Street undertaking, and 32 new residences at Sinclair Brook's Windsor Park project

Do not miss this opportunity for astute investors to secure Greville Street's rarest investment opportunity in over a decade.

For further information please contact the exclusive sales and marketing agents at CBRE:

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()

*Denotes Approx.

CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Floor Area362 m²
Land Area362 m²
Parking1 x Onsite parking
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019747241
Category
Last updated  28 Feb 2025
Map for 119-123 Greville Street Prahran VIC 3181

Nearest transport* to 119-123 Greville Street Prahran VIC 3181

Bus
Train
Tram
Ferry
Prahran Market/Commercial Rd (South Yarra)307 m
Prahran Market/Commercial Rd (South Yarra)312 m
Chapel St/Commercial Rd (South Yarra)360 m
Chapel St/Malvern Rd (South Yarra)400 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Floor Area362 m²
Land Area362 m²
Parking1 x Onsite parking
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019747241
Category
Last updated  28 Feb 2025

More about 119-123 Greville Street Prahran VIC 3181

119-123 Greville Street Prahran VIC 3181 is categorized as Shop & Retail Property. It has a floor area of 362 m² and a land area of 362 m². There are 1 x onsite parkings.The listing ID for this property is 2019747241.

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