122 Chapel Street, St Kilda

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

BUY ME.

122 CHAPEL ST ST KILDA

I’M STRONG.

SOLID FREESTANDING BUILDI

NG WITH PRESENCE

LET ME INTRODUCE MYSELF.

YOUR EXCLUSIVE AGENTS, SAY HELLO TODAY.

Jeremy Gruzewski

Fred Nucara

Rodney King

Executive Director 0422 211 021 jeremy@astoncommercial.com.au

Managing Director 0418 567 560 fred@astoncommercial.com.au

Director of Agency 0422 839 870 rodney@astoncommercial.com.au

                                                                                                                                                                                                                                                                                                            Solid    freestanding   commercial      and strategically located, this building                       opportunity     for offers ideal a robust and owner-occupiers     seeking  an         versatile      space to grow their business.                                     Both Leases September 2025.  expire         in                                                                                               ANNUAL           COMBINED    RENTAL   

122

$205,000

*

pa

+ GST + Outgoings

CHAPEL ST ST KILDA

BUY ME

Expressions of interest closing Thursday 16th November at 3pm

BUILDING AREA:

1,050sqm* LAND AREA:

ZONING Mixed Use

683sqm* TERMS OF SALE 10% Deposit with the balance payable in 30/60 days.

8km

*

From Melbourne CBD

WHAT’S NEXT? YOU DECIDE!

OCCUPY With short term leases, renovate to suit your needs and move in and take advantage of the position.

INVEST Keep as is or renovate, the position will reward you.

DEVELOP Either now or in the future the site is ripe for a development with a preferred height of 16 metres or 5 storeys.

I’M READY. SOLID TWO LEVEL BUILDING. An extremely solid building comprising predominantly brick and concrete construction that has the flexibility to occupy part or all given the existing layout for two tenants.

Ground floor is currently utilised for office use and the first floor as a photographic studio. While the space is dated it does have some charm and character that can be exploited to transform the look and feel.

The building also benefits from side and rear access with undercover off street parking plus a council car park immediately behind the property.

The property is outlined on the certificate of title as follows.

Volume: 06082 Folio: 255 Lot 1 on title Plan 758310T

BUILDING FEATURES BUILDING AREA

1,050 sqm* Potential for 1 or 2 tenancies

Fantastic Ceiling heights

Secure plus under croft parking

LAND AREA

683 sqm* Operational Goods lift

Natural light to 3 sides and to 4 sides on the upper level

Roller door to rear

Adjacent council car park

I’M EXPOSED. LOCATED CLOSE TO THE CORNER OF CARLISLE ST The property is around the corner from two full line supermarkets in Woolworths and Coles. It is also surrounded by major national tenants including Chemist Warehouse, Commonwealth Bank, Priceline, Flight Centre, Australia Post, BWS, Vintage Cellars, Grill’d, Yochi and many more. Balaclava train station is just a short stroll away with a tram on its doorstep. The property benefits from a council carpark to the rear with direct access. Carlisle Street also features some of Melbourne’s most popular cafés, restaurants and bars including Batch Espresso, Las Chicas, En Izakaya, Wall Two 80, Tavlin, the Local Taphouse and Glicks Bakery to name just a few.

With the proposed major redevelopment of the Carlisle Street Coles Supermarket into a multi-level residential and retail complex being only a 100 metres away, the immediate precinct will benefit from some considerable upside.

                                                                                                                                                                                   WELL  SERVICED BY:                                                                                                                                         TRAIN   BUS             TRAM                               

ST KILDA 3182.

One of Melbourne’s most vibrant and iconic suburbs, St Kilda is a thriving hub of activity and is home to some of Melbourne’s most iconic landmarks including The Esplanade Hotel, St Kilda Sea Baths and St Kilda Pier.

Chapel Street runs from South Yarra through to Elwood and is one of Melbourne’s most well-known and bustling retail strips. It is a short distance to St Kilda Beach, Luna Park, Albert Park Lake, as well as being close to some of the best schools and education facilities.

ST KILDA City of Port Phillip

Median house price:

$1,570,000 *According to REIV data as of 04/09/2023

LIFESTYLE

20,046

$1,803

46.7%

48.6%

Population

Median weekly household income

Have achieved Bachelor or Higher degree

Live Alone

OVERVIEW OF WORKERS - CITY OF PORT PHILLIP

Live and work in the area:

15,121 Live in the area, but work outside:

43,673 Work in the area, but live outside:

63,346

I HAVE INCOME.

GROUND FLOOR: TENANT BUSINESS NAME:

Launch Housing Pty Ltd

RENTAL:

$120,000pa*

LEASE TERM:

Three (3) year lease expiring September 2025

RENT REVIEWS:

4% annual increases

                                                                                                    *                                                                                                                                                                                                                                                                                                                                                                                                               

TOTAL INCOME OF $205,000 pa

FIRST FLOOR: TENANT BUSINESS NAME:

Studio Mondo Pty Ltd

RENTAL:

$85,000pa*

LEASE TERM:

Three (3) year lease expiring September 2025

RENT REVIEWS:

4% annual increases

122

BUY ME.

CHAPEL ST ST KILDA

WHAT, WHEN & WHERE? Expressions of Interest. Thursday 16th November at 3pm.

Terms: 10% deposit with the balance payable in 30/60 days.

INSPECT

REQUEST

Make a private appointment with the exclusive agents

A contract of sale and vendors statement

Jeremy Gruzewski

Fred Nucara

Rodney King

Executive Director 0422 211 021 jeremy@astoncommercial.com.au

Managing Director 0418 567 560 fred@astoncommercial.com.au

Director of Agency 0422 839 870 rodney@astoncommercial.com.au

DISCLAIMER “Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom. *Approximate