The Leasing Agency is pleased to present for lease multiple recently refurbished retail spaces adjacent to Melbourne's renowned Jam Factory precinct - newly approved for redevelopment.
The key highlights of this opportunity include:
Property Features:
+ Refurbished retail spaces from 188-192sqm*
+ Highly versatile split level ground floor configuration
+ Suitable for a variety of uses including flagship retail, wellness and hospitality*
+ Off - street parking available
+ Combined 11m* prime frontage to Chapel Street, directly opposite popular local establishment O'Reilly's
+ Available now
General Features:
+ Benefit from 10,000* passing vehicles daily and high levels of pedestrian traffic
+ Flexible lease terms available
+ Convenient rear laneway access and on-site storage
Location Features:
+ Neighbouring prominent tenants including West Elm (13m*), 7-Eleven (24m*) and Oriental Teahouse (24m*)
+ Proximity to major landmarks including Jam Factory (78m*), Village Cinemas (80m*), Prahran Market (350m*) and Ovolo Hotel (500m*)
+ Surrounded by major forthcoming development projects including the redevelopment of the Jam Factory (78m*)
+ The redevelopment of the Jam Factory precinct has a projected end value of $1.5bn and will feature a brand new 5-star hotel, a new entertainment precinct and over 440 apartments
+ South Yarra is set to experience significant population growth with current projections estimating a 62.92% increase in the immediate population by 2041
+ Convenient access to the Wilson/Chapel Street tram stop (12m*) with route 78 servicing Richmond and Balaclava via Prahran, as well as benefitting from proximity to major South Yarra Train Station (750m*)
+ Strong household income in excess of $107,276 per annum compared with circa. $92,000 Victorian average
Contact The Leasing Agency Today.
*Approximately
