Stonebridge Property Group is pleased to present for sale 401 Chapel Street, South Yarra.

The key highlights of the opportunity include:

– 100% leased to international optometrist and eyewear retailer Bailey Nelson – a proven brand with 110 stores

– Established in NSW in 2012, the household brand now operates stores across Australia, New Zealand, America, United Kingdom and Canada

– Positioned on an unmissable 187 sqm* Activity Centre Zoned landholding with 44 m* of combined corner frontage to the globally renowned Chapel Street

– Providing annual income of $160,335 + GST + Outgoings* via a renewed vendor favoured net lease featuring fixed 3.5% annual rental increases

– Expansive, high-quality and prominent double-level building spanning 292 sqm* and offering multiple points of entry and exit

– Direct proximity to the famed Prahran Market (50 m*), Como Centre (615 m*) and the highly anticipated Jam Factory – currently under construction (250 m*)

– The $2.75 bn* Jam Factory redevelopment is set to accommodate 600 residences across five towers, commercial offices, retail and hospitality spaces, a new cinema complex and two hotels

– Within walking distance of multiple transport options, including South Yarra Station (700 m*), Chapel Street tram route (40 m*), and Prahran Train Station (500 m*)

– Activity Centre Zone – Schedule 1 (ACZ1), allowing for a wide range of commercial, retail, or mixed-use outcomes (STCA)

401 Chapel Street, South Yarra is offered for sale via Public On-Site Auction Friday 27th March 2026 at 12:30pm (AEDT).

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

Stonebridge’s Strip Retail Investments team is a market leader, with over 30 years of combined experience specialising in the divestment of metropolitan Melbourne strip retail assets.

Nic Hage
0448 782 594

Ian Lam 林煒峻
0416 621 859
如需任何国语或粤语咨询，请联系我们亚洲业务团队的Ian Lam 林煒峻，联系电话: 0416 621 859，并可随时加他的微信 (WeChat ID: Ianlam2001)。

Rorey James
0439 400 081

*Approximately

Property Code: 1569
Our ID: a0TOd00000dKuFnMAK