+18 Photos

151 Chapel Street, St Kilda, VIC, 3182

Properties / Buy / Victoria / St Kilda

Tenanted Investment

1. Property Summary

Selling Method

Sale by Negotiation

Selling Details

$2,650,000

Land Area

281 m² (*approx)

Floor Area

184 m² (*approx)

Property Type

Retail

Terms

Renewed 3 year lease commencing 1st April 2024

Est. Income

$99,052 p/a

Fully Leased

Michael’s Cameras Hire

Show All

2. Property Highlights

UNIQUE & FLEXIBLE CHAPEL STREET BUILDING

Gross Waddell ICR is pleased to offer for Private Sale 151 Chapel Street, St Kilda.

Positioned within one of Melbourne’s most vibrant locations, the property comprises a retail space, rear warehouse/residence conversion and an upstairs apartment offering the ultimate flexibility to invest, part occupy or develop (STCA) in the future.

Key property highlights include:

• Land area: 281sqm*

• Flexible Commercial 1 zoning

• Three income streams totalling $99,052* p.a.

• Benefits from rear access and off street parking

• Located metres from the Carlisle Street retail precinct

151 Chapel Street (retail space):

• Building area: 83sqm*

• Leased to Michael’s Cameras Hire

• Renewed 3 year lease commencing 1st April 2024

• Rent: $35,692* p.a. (as at 1st April 2024)

Rear 151 Chapel Street (warehouse):

• Building area: 101sqm*

• Monthly overholding lease

• Rent: $39,108* p.a.

149A Chapel Street (residential apartment):

• Fully refurbished two bedroom residence with private access via Chapel Street

• 1 year lease commenced 27th November 2023

• Rent: $24,252* p.a.

151 Chapel Street, St Kilda is offered for Private Sale.

For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*approx.

Remember to mention you found this property on CommercialReady

Tenanted Investment

1. Property Summary

Property Type

Retail

Est. Income

$99,052 p/a

Number Of Tenants

Tenant

Michael’s Cameras Hire

Terms

Renewed 3 year lease commencing 1st April 2024

Land Area

281 m² (*approx)

Floor Area

184 m² (*approx)

Selling Method

Sale by Negotiation

Selling Details

$2,650,000

2. Property Highlights

UNIQUE & FLEXIBLE CHAPEL STREET BUILDING

Gross Waddell ICR is pleased to offer for Private Sale 151 Chapel Street, St Kilda.

Key property highlights include:

• Land area: 281sqm*

• Flexible Commercial 1 zoning

• Three income streams totalling $99,052* p.a.

• Benefits from rear access and off street parking

• Located metres from the Carlisle Street retail precinct

151 Chapel Street (retail space):

• Building area: 83sqm*

• Leased to Michael’s Cameras Hire

• Renewed 3 year lease commencing 1st April 2024

• Rent: $35,692* p.a. (as at 1st April 2024)

Rear 151 Chapel Street (warehouse):

• Building area: 101sqm*

• Monthly overholding lease

• Rent: $39,108* p.a.

149A Chapel Street (residential apartment):

• Fully refurbished two bedroom residence with private access via Chapel Street

• 1 year lease commenced 27th November 2023

• Rent: $24,252* p.a.

151 Chapel Street, St Kilda is offered for Private Sale.

For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*approx.

Remember to mention you found this property on CommercialReady

151 Chapel Street, St Kilda, VIC, 3182 St Kilda

Enquire

Gross Waddell ICR

Level 1, 30 Collins Street Melbourne VIC 3000

View Agency Profile

Danny Clark

+61 *** *** *** show +61 448 066 889

Alex Ham

+61 *** *** *** show +61 410 545 226

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

151 Chapel Street, St Kilda, VIC, 3182