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.