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450-460 Chapel St 968 SF Office Condo Unit Offered at $445,974 in South Yarra, VIC 3141
Investment Highlights
- Excellent public transport access with multiple train stations and tram routes within walking distance
- Surrounded by a mix of retail, dining, and commercial establishments in a high-amenity precinct
- Located on a prominent corner site along Chapel Street within South Yarra’s established commercial corridor
Executive Summary
The property at 450 Chapel Street, South Yarra, VIC 3141 occupies a corner position within the Chapel Street commercial and retail precinct. It is located opposite Brady O’Reilly’s and is in close proximity to major transport links, including South Yarra, Hawksburn, and Prahran train stations, as well as tram routes along Chapel Street. The site includes one on-title car space and is part of a mixed-use area characterized by retail, hospitality, and commercial activity. The surrounding precinct offers established infrastructure, high pedestrian activity, and connectivity to major arterial roads providing access to Melbourne’s central business district and nearby suburbs.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | A\PS445916 |
| No. Parking Spaces | 1 |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
| APN/Parcel ID | A\PS445916 |
Description
This first-floor office at 450 Chapel Street offers a rare opportunity to secure a tenanted investment in one of Melbourne’s most vibrant commercial and lifestyle precincts. Positioned on a prominent corner opposite the well-known Brady O’Reilly’s, the property benefits from exceptional visibility and immediate access to South Yarra’s premier retail and dining corridor. The 90 m² office features a bright, open-plan layout complemented by three private offices, creating a functional and modern workspace. Recent upgrades include new heating and cooling systems, ensuring comfort and efficiency for occupants.
Sale Notes
The property includes one car space on title and is currently leased at $35,000 per annum plus GST, with an option to renew, providing immediate income security. Located within walking distance of South Yarra, Hawksburn, and Prahran train stations, and surrounded by multiple tram routes, the site offers outstanding connectivity. With flexible sale terms and a motivated vendor, this asset is well-suited for investors seeking a stable, income-generating property in a high-demand location.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 968 SF | Office | $445,974 ($460.72/SF) | - |
-
| Unit Size |
| 968 SF |
| Condo Use |
| Office |
| Price |
| $445,974 ($460.72/SF) |
| NOI |
| - |
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| Unit Size | 968 SF |
| Condo Use | Office |
| Price | $445,974 ($460.72/SF) |
| NOI | - |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
| APN/Parcel ID | A\PS445916 |
| Description | |
| This first-floor office at 450 Chapel Street offers a rare opportunity to secure a tenanted investment in one of Melbourne’s most vibrant commercial and lifestyle precincts. Positioned on a prominent corner opposite the well-known Brady O’Reilly’s, the property benefits from exceptional visibility and immediate access to South Yarra’s premier retail and dining corridor. The 90 m² office features a bright, open-plan layout complemented by three private offices, creating a functional and modern workspace. Recent upgrades include new heating and cooling systems, ensuring comfort and efficiency for occupants.</li></ul> | |
| Sale Notes | |
| The property includes one car space on title and is currently leased at $35,000 per annum plus GST, with an option to renew, providing immediate income security. Located within walking distance of South Yarra, Hawksburn, and Prahran train stations, and surrounded by multiple tram routes, the site offers outstanding connectivity. With flexible sale terms and a motivated vendor, this asset is well-suited for investors seeking a stable, income-generating property in a high-demand location.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 24,283 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 12,142 SF |
| Property Subtype | Storefront Retail/Office | Lot Size | 0.27 AC |
| Building Class | C |
| Total Building Size | 24,283 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 12,142 SF |
| Lot Size | 0.27 AC |
Amenities
- Corner Lot
1 1
Nearby Major Retailers
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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450-460 Chapel St
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