122 Chapel Street St Kilda VIC 3182

Colliers Melbourne City Fringe Sales Team is pleased to present 122 Chapel Street, St Kilda an outstanding two-level mixed-use building offered with the benefit of short-term holding income.

Key property highlights include:

- Prominent two-level mixed-use building providing a hybrid of office and studio accommodation totalling of 1,160sqm* plus six undercoft car parks

- Fully leased to two tenants returning $221,728 per annum* + GST with coterminous lease expires in September 2025

- Mixed-Use zoned landholding of 683sqm* allowing for flexible development outcomes (STCA) with a preferred maximum height of 5 storeys

- Exceptional PT and vehicular access, situated adjacent to Dianella Lane Council Car Park, tram routes along Chapel and Carlisle Streets and a short walk to Balaclava Station

- Prominent corner building with three street frontages totalling 73.1m* providing exceptional natural light and redevelopment prospects (STCA)

- Positioned amongst the highly sought after retail and food and beverage precincts of Chapel and Carlisle Street

- Perfect for owner occupiers to occupy at lease expiries or investors to renegotiate with the tenants or for a developer to explore alternative use development (STCA)

Colliers is offering 122 Chapel Street, St Kilda for sale via Expressions of Interest closing on Friday 14th March at 3pm (AEDT). For further information or to arrange an inspection, please contact a member of the Colliers Melbourne City Fringe Sales Team below:

Alex Browne | +61 418 350 545
Ben Baines | +61 438 328 407
Eddie Foulkes | +61 405 890 960

*Approximate