Stonebridge Property Group and Cushman and Wakefield are pleased to present 402-416 Chapel Street, South Yarra, one of inner-Melbourne's last remaining development opportunities of significant scale.
The prominent 3,306 sqm* corner landholding includes 75 m* of highly valuable street frontage to Chapel Street, one of Melbourne's premier retail and lifestyle precincts. Additionally, the Activity Centre Zone and discretionary height controls allow for a range of development outcomes including residential, commercial, hotel and retail (STPA).
The key highlights of the opportunity include:
- Prominent 3,306 sqm* corner landholding with 75 m* of highly valuable street frontage to Chapel Street, one of Melbourne's premier retail and entertainment precincts
- Activity Centre Zone, with discretionary height controls, allowing for a range of development outcomes including residential, commercial, hotel and retail (STPA)
- 220 m* of quadruple street frontage, creating nearly an island site
- Permit approved for mixed use development including hotel, retail and residential
- Additional concept scheme featuring a 15-level residential tower plus ground floor retail spaces, designed by highly renowned architect, Jackson Clements Burrows
- Proximity to world class retail including Prahran market (150 m*), Como Centre (615 m*) and the forthcoming Jam Factory redevelopment (200 m*)
- Exceptional public transportation opportunities with Prahran, Hawksburn and South Yarra Train Stations within 700 m* of the Property as well as tram & bus stops along Chapel Street
- Potential for CBD, Port Phillip Bay and Albert Lake Park views from upper levels of redevelopment
- One of South Yarra and inner-Melbourne's last remaining development opportunities of significant scale with the potential to create a true Melbourne icon (STPA)
- Affluent area with a median house price of $2,280,000, significantly greater than the Melbourne average^
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group and Cushman and Wakefield.
Stonebridge Property Group:
Julian White
0422 764 137
Andrew Milligan
0421 559 992
Chao Zhang
0411 625 068
Cushman and Wakefield:
Hamish Burgess
+61 421 641 497
Marcus Neill
+61 452 405 782
Joe Kairouz
+61 421 430 638
Leon Ma
+61 417 070 725
* Approximately
^ REIV
Property Code: 964
