Shops 4 & 5/233 Chapel Street, Prahran

SHOPS 4&5 233 CHAPEL STREET PRAHRAN FOR SALE BY EXPRESSIONS OF INTEREST CLOSING ON THURSDAY 26TH MAY 2022 AT 3PM

PRIME Chapel Street FRONTAGE.

SHOPS 4&5 233 CHAPEL STREET PRAHRAN

CONTENTS 04

Introduction

06

Executive Summary

12

Location

14

Property Particulars

18

Sale Method

3

INTRODUCTION

Aston Commercial are pleased to offer Shops

An ultimate “blank canvas” in the heart of the

4 and 5, 233 Chapel Street, Prahran for sale by

iconic Chapel Street retail strip. This unique

Expressions of Interest closing on Thursday

property offering a double shop front with over

26th May 2022 at 3pm.

9 metres* of frontage plus valuable rear access to loading dock and common car park.

4

THE ULTIMATE BLANK CANVAS. It is a “more than meets the eye” property and

A true value-for-money opportunity in the heart

comes ready for the next occupant to fitout and

of Chapel Street, Prahran. Aston Commercial

design for their own needs. Retail, F&B, medical/

highly recommend the property for your serious

health and commercial office are all viable in

consideration.

this flexible space.

5

SHOPS 4&5 233 CHAPEL STREET PRAHRAN

EXECUTIVE SUMMARY

Prime location close to the Stonnington Town Hall and Greville Street precinct, the property benefits from being in the hustle and bustle of Chapel Street.

DESCRIPTION

BUILDING AREA

A double fronted shop with 6 metre plus floor to ceiling height offering a flexible space. In addition there is a first floor building previously utilised for storage.

Comprising two components: Front Premises: Ground Floor 372 sqm* Front Premises: Mezzanine 137 sqm* Rear Premises: First Floor 165 sqm*

C A R PA R K I N G

ZONING

9 car spaces accessed via Macquarie Street at rear, comprising: 2 outdoor spaces 7 undercover spaces

Activity Centre Zone with Planning Overlays: HO126: Heritage Overlay IPO3: Incorporated Plan Overlay SBO2: Special Building Overlay

METHOD OF SALE

TERMS OF SALE

For Sale by Expressions of Interest closing on Thursday 26th May 2022 at 3pm

Deposit of 10% of the purchase price and balance in 60 days

Total: 674 sqm*

*approx.

EXCLUSIVE SELLING AGENTS

6

Jeremy Gruzewski

Fred Nucara

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

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

In the heart of the iconic Chapel Street retail precinct.

LOCATION Prahran is one of Melbourne’s most vibrant and sought after inner city locations.

Just 5 kilometres from the CBD and boasting a vibrant demographic that adds to the hospitality venues, strip retail and lifestyle amenity.

233 Chapel Street is nestled amongst the Prahran Town Hall, major national groups such as 7-Eleven, significant highrise residential development and the emergence of restaurants/hospitality venues within the neighbourhood.

The nearby Prahran Square in Cato Street was a $60m redevelopment by Stonnington Council to provide a public events area and basement car parking for over 500 cars.

Some nearby businesses and infrastructure include:

Greville Street Precinct Coles & Woolworths Prahran High School Melbourne Polytechnic National Institute of Circus Arts Prahran Train Station

Prahran Town Hall

Cato Square

Prahran Square Public Car Park

12

PROPERTY PARTICULARS The subject property comprises a two legal title which form a ground level strata titled premises, car parks and rear building above car parks.

It is located within a large four level period building located on the western side of Chapel Street between High Street and Commercial Road. The subject property was previously occupied by a fresh food grocery store providing the benefit of coolroom and food storage facilities that remain.

A superb frontage of approximately 9.3 metres to Chapel Street, the property includes a mezzanine level used for storage and ten car parks in a rear at grade car park accessed via Macquarie Street.

Above a section of the car parks is an orange building that was previously utlised for storage and coolroom purposes. This additional space is a pure bonus and is adaptable for the new occupant.

TITLE PARTICULARS Volume: 10525 Folio: 101 Lot 4 on Plan of Subdivision 409058P Registered Proprietor: Chenli Pty Ltd Volume: 10525 Folio: 102 Lot 5 on Plan of Subdivision 409058P Registered Proprietor: Chenli Pty Ltd The titles are affected by Owners Corporation Plan PS409058P and have the following Entitlements and Liability: Lot 4 Lot 5

Entitlement 725 Entitlement 725

Liability 725 Liability 725

Total

Entitlement 6,520

Liability 6,520

LAND DIMENSIONS AND AREA Front Premises Chapel Street Frontage

9.30 metres*

Rear Frontage to Car Park

9.30 metres*

Depth

Rear Building (Above Car Park) Width: Length:

4.90 metres* 20.80 metres*

ZONING The land is within an Activity Zone which is a flexible planning zone of which the purpose is to implement the Municipal Planning Strategy and the Planning Policy Framework: • To encourage a mixture of uses and the intensive development of the activity centre.

As a focus for business, shopping, working, housing, leisure, transport and community facilities.

• To support sustainable urban outcomes that maximise the use of infrastructure and public transport.

• To deliver a diversity of housing at higher densities to make optimum use of the facilities and services.

• To create through good urban design an attractive, pleasant, walkable, safe and stimulating environment. To facilitate use and development of land in accordance with the Development Framework for the activity centre.

• Essentially a zoning that encourages flexibility and diversity uses. Some may be subject to planning approval. *approx.

14

31.24 metres*

The subject lots are outlined below on the Plan of Subdivision and aerial photograph. The retail premises comprises those parts of Lot 4 and 5 that front Chapel Street. Car parks for each of the lots are located to the rear of the retail premises as outlined. Also, there is a building constructed above 8 of the car parks.

15

The Former Fresh Food & Grocery store is being offered with vacant possession.

16

Rear access, common car park and rear storage building

Internal of rear building

SHOPS 4&5 233 CHAPEL STREET PRAHRAN

SALE METHOD

METHOD OF SALE

TERMS OF SALE

For Sale by Expressions of Interest closing on Thursday 26th May 2022 at 3pm

Deposit of 10% of the purchase price and balance in 60 days

INSPECTIONS

CONTRACT OF SALE & V E N D O R S S TAT E M E N T

Strictly by appointment with the exclusive selling agents

Available upon request

EXCLUSIVE SELLING AGENTS

18

Jeremy Gruzewski

Fred Nucara

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

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

A Blank Canvas awaits your creative touch.

Internal of front building

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