245 High Street, Prahran VIC 3181

A rare multi-titled corner building offering retail and residential in one prime location. Perfect for investors or owner-occupiers, the property combines strong returns with development potential.

Building:

• Shop and dwelling on 2 separate titles, separate entries
• 3 off-street carparks
• 2 potential development schemes available (STCA)
• Land area: 205sqm.
Floor area: 275sqm (approx)
• Close proximity to Chapel St retail precinct

• Retail space estimated income $45,000 pa + GST

• Upstairs residential currently on month-to-month lease $35,196 pa


Retail Shop:

• Open plan – multiple use – showroom, retail, office, hospitality (STCA)
• Prominent corner exposure, maximum frontage, signage opportunities
• Significant basement for storage or re-development
• 2 off-street parking at rear on title
• Multiple entrances
• Self-contained amenity (kitchenette/toilet)
• Back-office area

Residential Dwelling:

• Comprising 2 large bedrooms, 1 bathroom, separate laundry and separate WC on the ground floor
• Ornate features throughout, fireplace, ceiling roses

• 1 secure undercover carpark with roller door access from the street
• Separate gated entrance
• Courtyard at rear

Crafted for flexibility and opportunity, this property represents a rare chance to secure both retail and residential components in one strategic location. With development potential, strong rental returns, it’s an investment or occupation prospect not to be missed.