Offered to the market for the first time in 70 years, 553 Chapel Street presents an exceptional opportunity to secure a prime dual-level retail investment within one of Melbourne’s most recognised shopping and lifestyle destinations.

Key features include:

• A versatile two-storey freehold offering 200 sqm* of building area across two levels on a generous 144 sqm* landholding. 

• Two separate ground and first floor tenancies generate a combined rental income of $72,833* per annum plus GST and outgoings.

• The ground floor is leased to Shoes on Chapel, an established footwear retailer that has traded on Chapel Street for over three decades.

• Prominently positioned on Chapel Street amongst leading retailers and lifestyle brands, including Country Road, MJ Bale, Calibre, Kookai SABA, Peter Alexander, Green Cup, Koko Black, MOSCOT and Scanlan Theodore. 

• Chapel Street is undergoing a major transitional period, with a multibillion-dollar development pipeline led by GURNER’s $3.75 billion Jam Factory redevelopment, alongside significant projects by Vicland, the Chemist Warehouse founders and the Yale Group.  

• Serviced by ultra-convenient public transport links including South Yarra Train Station (300 m*), Chapel Street (10 m*) and Toorak Road (100 m*) tram lines.

• Chapel Street enjoys consistent 24/7 trading activity, supported by a young and affluent demographic that drives day and night retail/hospitality demand.

• South Yarra residents have a median weekly personal income which is 73.7% higher than the Victorian average which helps consistently service the immediate trading precinct. 

Cushman & Wakefield Investment Sales is a market leader having transacted almost $80,000,000* along Chapel Street within the last 24-month period. 

For Sale by On-site Public Auction on Thursday 10th December at 12:00 pm.

For more information, please contact Cushman & Wakefield City Fringe Sales as the exclusive selling agent.

Jack Cooper | +61 498 231 704

Angus Parnham | +61 424 961 895

*Approximately.