FOR SALE
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15 St Matthews Way
Prahran VIC 3181

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Floor area: 162m2
Land area: 92m2
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PRIME COMMERCIAL OPPORTUNITY IN THE HEART OF PRAHRAN

Discover an exceptional investment or occupancy opportunity in the bustling hub of Prahran.
Whether you're a savvy investor or a business owner seeking to expand or occupy, this commercial opportunity offers the potential for long-term growth and success
This prime property offers the perfect blend of convenience and potential, featuring:
Leased Income: Currently leased generating approx. $61,272 per annum, with an increase to $63,360 per annum starting 15/5/25.
Versatility: Ideal for occupying or investing.
Oversized Garage: Ample space for parking or storage.
Rooftop Terrace: Enjoy great views from this fantastic outdoor space.
No Owners Corporation: Enjoy full control and flexibility.
Zoning: Activity Centre Zone (ACZ) & Activity Centre Zone - Schedule 1 (ACZ1
Prime Location: Just steps away from trains, trams, entertainment, restaurants, and more.
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Property Details for 15 St Matthews Way, Prahran

15 St Matthews Way, Prahran is a 3 bedroom, 3 bathroom Townhouse with 2 parking spaces. The property has a land size of 92m2 and floor size of 162m2. The place is currently for sale with Biggin & Scott - Richmond.

Building Type
Townhouse
Floor Size
162m2
Land Size
92m2

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About Prahran 3181

The size of Prahran is approximately 1.9 square kilometres. It has 8 parks covering nearly 6.3% of total area. The population of Prahran in 2011 was 11,191 people. By 2016 the population was 12,985 showing a population growth of 16.0% in the area during that time. The predominant age group in Prahran is 20-29 years. Households in Prahran are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prahran work in a professional occupation. In 2011, 42.7% of the homes in Prahran were owner-occupied compared with 39.3% in 2016.

Prahran has 10,644 properties. Over the last 5 years, Houses in Prahran have seen a 12.42% increase in median value, while Units have seen a 7.00% increase. As at 31 August 2024:

  • The median value for Houses in Prahran is $1,637,271 while the median value for Units is $555,116.
  • Houses have a median rent of $750 while Units have a median rent of $530.
There are currently 31 properties listed for sale, and 11 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 507 properties were sold in the past 12 months in Prahran.

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Ignacio Rodriguez
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Russell Cambridge
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Biggin & Scott - Richmond
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