151 Chapel Street St Kilda VIC 3182

Gross Waddell ICR is pleased to offer for Private Sale 151 Chapel Street, St Kilda.

Positioned within one of Melbourne's most vibrant locations, the property comprises a retail space, rear warehouse/residence conversion & an upstairs apartment offering the ultimate flexibility to invest, part occupy or develop (STCA) in the future.

Key property highlights include:

Land area: 281sqm*
Flexible Commercial 1 zoning
Three income streams totalling $99,052* p.a.
Benefits from rear access and off street parking
Located metres from the Carlisle Street retail precinct

151 Chapel Street (retail space):

Building area: 83sqm*
Leased to Michael's Cameras Hire
Renewed 3 year lease commencing 1st April 2024
Rent: $35,692* p.a. (as at 1st April 2024)

Rear 151 Chapel Street (warehouse):
Building area: 101sqm*
Monthly overholding lease
Rent: $39,108* p.a.

149A Chapel Street (residential apartment):

Fully refurbished two bedroom residence with private access via Chapel Street
1 year lease commenced 27th November 2023
Rent: $24,252* p.a.

151 Chapel Street, St Kilda is offered for Private Sale.

For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*approx.