FOR SALE
$750,000

450 Chapel Street
South Yarra VIC 3141

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 90m2
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Realisation Sale - Chapel St - Prime Corner Office!

Prime, First Floor, Corner Office!
Situated directly opposite one of Melbourne's iconic pubs Brady O'Reilly's, this first-floor office enjoys a premier location on Chapel Street, South Yarra. With various modes of transport right at your doorstep and ample parking in the vicinity, this office sits at the heart of one of Melbourne's top three shopping and dining precincts. It is an ideal addition to any prestigious investment portfolio or an excellent base for a well-established or emerging business.
- 90 square meters (approx) of well-lit modern office space.
- Spacious open plan area.
- Three private offices.
- New heating and cooling systems installed.
- One car space on title.
- Currently leased for $35,000 + GST per annum with an option to renew the lease.
- Flexible sale terms.
Per Vendor’s Instructions: This Property Must be Sold ASAP!

Property Details for 450 Chapel St, South Yarra

Building Type
Commercial
Floor Size
90m2

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About South Yarra 3141

The size of South Yarra is approximately 3.6 square kilometres. It has 19 parks covering nearly 19.1% of total area. The population of South Yarra in 2011 was 19,134 people. By 2016 the population was 25,143 showing a population growth of 31.4% in the area during that time. The predominant age group in South Yarra is 20-29 years. Households in South Yarra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Yarra work in a professional occupation. In 2011, 36.8% of the homes in South Yarra were owner-occupied compared with 32.6% in 2016.

South Yarra has 25,493 properties. Over the last 5 years, Houses in South Yarra have seen a 6.39% increase in median value, while Units have seen a -3.84% decrease. As at 31 October 2024:

  • The median value for Houses in South Yarra is $2,115,046 while the median value for Units is $599,695.
  • Houses have a median rent of $725 while Units have a median rent of $588.
There are currently 73 properties listed for sale, and 51 properties listed for rent in South yarra on OnTheHouse. According to CoreLogic's data, 1076 properties were sold in the past 12 months in South yarra.

Suburb Insights for South Yarra 3141

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Alex Jarrel
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Jarrel Estate Agents
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.