505 & 509 Chapel Street, South Yarra, VIC 3141

Offices

For Sale

  • Property ID: 448333
  • Occupancy: Vacant

Fitzroys is pleased to offer 505 & 509 Chapel Street, South Yarra for sale via two consecutive public on-site Auctions on Friday 11th October from 12pm.
Buy 1 or buy both - properties to be auctioned one after the other.
These prime properties are situated in the heart of The South Yarra Activity Centre and strategically opposite the forthcoming $2.75Bn Jam Factory redevelopment.
The key highlights of these remarkable opportunities include:
505 Chapel Street - Offered with Vacant Possession - Immaculate retail area - Building area 120sqm - Land area 120sqm
509 Chapel Street - Leased to long-standing ‘Kiss Kill’ - Returning $70,200 per annum - All usual outgoings recovered - Building area 136sqm - Land area 106sqm
High foot traffic position near an array of renowned National and independent traders including Rustica, Scanlan Theodore, Kookai, D-Spa, Decjuba, M.J. Bale, Sportsgirl, Peter Alexander and more Directly opposite the forthcoming $2.75Bn Jam Factory redevelopment including multiple residential, commercial and hotel towers Excellent public transport amenity with Tram along Chapel Street and recently upgraded South Yarra Station to the north.
FOR SALE VIA TWO CONSECUTIVE PUBLIC AUCTIONS ON FRIDAY 11TH OCTOBER FROM 12PM ON-SITE
*approx.

South Yarra Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $1097 ---
Retail --- $438 ---
Offices $7860 $694 8.83%
This is the average advertised price, rent and yield for South Yarra, VIC 3141*

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

Days on Market data for Offices 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.
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