SOLD
Sold on 14 Dec 2023 for $5,307,500

35-37 Mount Street
Prahran VIC 3181

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 741m2
Land area: 548m2
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Property Details for 35-37 Mount St, Prahran

Building Type
Commercial
Floor Size
741m2
Land Size
548m2
Local Government
Stonnington
Lot/Plan
CP108160

Last Listing description (November 2023)

Aston Commercial is delighted to present 35-37 Mount Street, Prahran for Sale or Lease.

Property Features:

Offered with vacant possession

Activity Centre Zoning (ACZ1)
Ground floor creative studio
First floor open plan creative office
Features polished concrete floors and newly refurbished kitchen and bathroom facilities
Ultimate flexibility to occupy, invest or develop (STCA)
Flexible lease terms available!

Aston Commercial proudly presents 35-37 Mount Street, Prahran. The property offers the best of both worlds with a warehouse fully converted to a creative studio office that is functional, practical and ready for today PLUS the added benefit of development potential with an allowable height limit of up to nine levels.

Situated only moments away from Chapel Street's world-renowned retail and hospitality precinct and directly adjacent to the forthcoming Mount Street Area Masterplan, this prominent landholding offers a unique opportunity to participate in shaping the future of Mount Street and Prahran's most highly anticipated urban development.

The existing improvements encompass a total floor area of 741 sqm*, the building also includes six (6) secure on-site car parks. The property showcases a double height creative studio/warehouse on the ground floor and an open plan creative office on the first floor, featuring an exposed roof, polished concrete floors, newly refurbished kitchen, and bathroom facilities.

With Activity Centre Zoning (ACZ1), 35-37 Mount Street, Prahran offers ultimate flexibility for purchasers seeking to occupy, invest, develop (STCA). The property is also being offered for lease with flexible terms available now!

Please contact Aston Commercial today to arrange your private inspection.

*approx

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Property History for 35-37 Mount St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
$5,307,500
14 Dec 2023
Listed for Rent
$180k/w
21 Nov 2023
  • 14 Dec 2023
    Sold for $5,307,500
  • 06 Sep 2023
    Listed for Rent - Price not available
  • 03 May 2023
    Listed for Sale Contact Agent
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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 10,643 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 13 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 509 properties were sold in the past 12 months in Prahran.

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