Stonebridge Property Group is pleased to present for sale 170-172 Chapel Street, St Kilda, a prime 3,469sqm* triple fronted landholding with significant development potential.

Key highlights include:

• Substantial 3,469sqm* landholding on the corner of Chapel Street, Brighton Road (Nepean Highway) & Grosvenor Street, plus two (2) laneways with total frontage of 145m*
• Existing improvements comprise a distribution centre leased to Australian Post until August 2024 (no further options) with passing net income of $413,662 p.a* with 4% annual increases
• Highly favourable Residential Growth Zone, providing significant development potential (STCA)
• Abundance of surrounding amenities including Carlisle Street retail shopping strip (350m*), St Kilda Botanical Gardens (400m*) & St Kilda Beach (1.2km*)
• Only 350m* to Balaclava Train Station, providing direct Melbourne CBD access, in addition to tram lines along Nepean Highway & Chapel Street
• Affluent & in demand suburb with a median house price of $1.9m^, representing an extraordinary 11.4% increase over the past quarter^

*Approximately
^Source: REIV

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.