Level 1, 529 Chapel Street South Yarra VIC 3141

Cushman & Wakefield Melbco Strata Markets are excited to present The Penthouse, 529 Chapel Street, South Yarra VIC 3141.

- Welcome to the thriving South Yarra Commercial Precinct, one of the most vibrant and sough-after neighborhoods in Australia.

- Winner of New York's Best of Year 'Small Office Award', the penthouse office of 675sqm* comprises an expansive rooftop entertaining terrace, opulent offices, meeting rooms, communal facilities and more.

- Connectivity is your convenience. Walking distance to South Yarra Train Station with multiple tram routes on your front doorstep.

- Leased to 'red23', a leading Victorian land sales and marketing specialist. Additional rental income derived through a rare LED signage lease to 'Maple Media'.

- Current estimated net income of $235,050 + GST + Outgoings p.a. (as at 28.08.23) with fixed annual rental increases per annum.

- The prime corner location positioned opposite Melbourne's Jam Factory Precinct, a new $1.5billion project aiming to create 'the best mixed-use precinct in the world'.

- Exclusive office and entertaining attributes, you may seek to reposition this asset to a luxury residence or private hospitality venue into the future (STCA).

- With over $5 billion in new project development pipeline in the immediate surrounds, the desirability and demand for this location is only increasing.

Inspections encouraged you won't be disappointed.

For Private Sale

Contact Melbco Strata Markets Today

Oliver Hay | +61 419528 540
Anthony Kirwan | +61 431 952 430
George Davies | +61 421 799 489
Leon Ma | +61 417 070 725

*Approx .