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22 Wilson St 796 SF Retail Condo Unit Offered at $580,776 in South Yarra, VIC 3141
Investment Highlights
- Prominent 8.3 m retail frontage and two car spaces on title.
- Surrounded by major developments including Capital Grand, Jam Factory, and South Yarra Square.
- Located steps from Chapel Street among premium retailers and fine dining venues.
Executive Summary
22 Wilson Street is located near Chapel Street within a retail and dining precinct and is accessible via South Yarra Railway Station and multiple tram routes.
Property Facts
| Total Building Size | 15,296 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,821 SF |
| Property Subtype | Apartment | Lot Size | 0.10 AC |
| Building Class | C |
| Total Building Size | 15,296 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 3,821 SF |
| Lot Size | 0.10 AC |
1 Unit Available
| Unit Size | 796 SF | Condo Use | Retail |
| Price | $580,776 | Sale Type | Investment |
| Price Per SF | $729.62 |
| Unit Size | 796 SF |
| Price | $580,776 |
| Price Per SF | $729.62 |
| Condo Use | Retail |
| Sale Type | Investment |
Sale Notes
This blue-chip retail investment offers a secure, long-term income stream in one of Melbourne’s most prestigious retail and lifestyle precincts. Located just steps from Chapel Street, the property is surrounded by a dynamic mix of high-end fashion retailers, fine dining establishments, and landmark developments, ensuring strong tenant demand and sustained capital growth.
The property is leased to Derma Glow South Yarra on a six-year term commencing August 2024, with annual CPI increases and a further five-year option extending potential tenure to 2035. The tenant, formerly operating under the Australian Laser & Skin Clinics brand for over 12 years, provides stability and proven performance in the beauty and wellness sector. Current net passing income is $49,365.84 per annum, offering investors a reliable return.
Comprising approximately 74 m² of building area with 8.3 meters of direct retail frontage and two on-title car spaces, the property benefits from Activity Centre Zone Schedule 1 (ACZ1) zoning, supporting long-term flexibility. Its position within a rapidly evolving precinct anchored by major developments and premium retailers enhances its investment appeal. Excellent connectivity via South Yarra Railway Station and multiple tram and bus routes further strengthens accessibility.
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22 Wilson St
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