476-478 High Street Prahran VIC 3181

Teska Carson has the pleasure of offering to the market 476-478 High Street, Prahran, for sale via Expressions of Interest closing Friday 18 March 2022 at 3pm.

Key attributes of this exceptional opportunity include:

- A prominently positioned and permit approved development site on the corner of High Street, Packington Street & Upton Place, in the heart of Prahran.

- 1,200sqm of blue chip land that benefits from combined triple street frontage of 98m.

- Permit approval for a high end mixed use project designed by Travis Walton Architecture, including 20 apartments + ground floor commercial over five levels, plus basement car parking.

- Significant rent reversion opportunity with PETstock & Bed Depot paying $173/sqm and on a short term lease arrangement until August 2022.

- Existing improvements include a substantial brick warehouse with an internal floor area of approx. 1,100sqm* plus on-site parking for three (3) cars.

- Valuable Commercial 1 zone and multi storey height precedent in immediate proximity allows a range of mixed use development outcomes (STCA).

- Lifestyle amenity including High Street, Chapel Street and Hawksburn Village’s fashion and café shopping strips.

- Close proximity to an array of local parks including Victoria Gardens, Orrong Romanis Reserve & Toorak Park.

- Proximity to all modes of public transport, all whilst being 6km from Melbourne’s CBD.

* approximate

Please do not hesitate to call for further information.