377-381 Chapel Street, Prahran, VIC 3181

Retail | Offices

Sold

  • Property ID: 444421
  • Floor Area: 336m²
  • Land Area: 261m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 07/06/2024 336m2 261m2 Contact Agent
Melbourne's Most High Profile Fast Food Investment - Available for the First Time in 60+ Years

Stonebridge Property Group, in conjunction with Wilson Commercial, are pleased to present KFC Chapel Street (377-381 Chapel Street, Prahran) for sale via Public On-site Auction.

The key highlights of the opportunity include:

- An iconic Chapel Street freehold that has been anchored by the international powerhouse tenant for over 45 years

- The globally recognised fast food tenant boasts an international network of 29,900+ stores

- The trophy corner freehold spans 336 sqm* and boasts a modern KFC fit out

- Positioned on a high exposure 251 sqm* Commercial 1 zoned landholding with 33 m* of combined corner frontage

- Situated on the corner of Chapel Street and Elizabeth Street, a major thoroughfare to the popular Prahran Market

- The unmissable building adjoins ALDI/Westpac, is directly opposite McDonald's/Chemist Warehouse and just a short walk to Coles, Dan Murphy's, Woolworths and a plethora of other international brands

- Additional income is bolstered by the highly rated Bodhi Thai Massage (4.8 star google review) occupies 377 Chapel Street on flexible short term lease structure via a recently renewed 3-year lease.

KFC Chapel Street is offered for sale via Public On-site Auction on Friday 7th June 2024 at 12:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Stonebridge Property Group:

Nic Hage
0448 782 594

Rorey James
0439 400 081

Kevin Tong ???
0422 848 818

Wilson Commercial:

Adam Guest
0425 288 888

Alan Watson
0434 398 818

* Approximately

Property Code: 958

Prahran Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $3745 $284 7.57%
Offices $8092 $509 6.29%
Retail $10265 $399 3.88%
This is the average advertised price, rent and yield for Prahran, VIC 3181*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×