4 King StreetPrahran VIC 3181
Property Details for 4 King St, Prahran
Last Listing description (February 2023)
OFF MARKET SALE - SUBMIT ALL OFFERS ABOVE $625K
OUTSTANDING INVESTMENT PROPERTY IN PROMINENT LOCATION
Positioned in the heart of Melbourne's famously renowned retail Mecca "Chapel Street"
Current Use- Pet Grooming Salon, retail products & pet food. Securely leased with 1 allocated car space undercover.
• Floor Area: 53 sq/m (approx)
Lease: 2 Year Lease Commencing 28 April 2021
Further Options: 3 + 3 + 3 years
Annual Rent Reviews at 4%
Approximately 4km from Melbourne's CBD
* Current Rental $25,000 PA , Tenant pays all Outgoings plus GST
* Call Now to arrange inspection.
Property History for 4 King St, Prahran, VIC 3181
- 28 Mar 2024Sold for $560,000
- 06 Apr 2022Listed for Sale P.O.A CONTACT AGENT TODAY
- 01 Aug 2018Listed for Sale Not Disclosed
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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 10,555 properties. Over the last 5 years, Houses in Prahran have seen a 10.60% increase in median value, while Units have seen a 5.10% increase. As at 31 October 2024:
- The median value for Houses in Prahran is $1,718,651 while the median value for Units is $555,773.
- Houses have a median rent of $760 while Units have a median rent of $525.
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