153 Commercial Road, South Yarra, Vic 3141

FOR SALE BY CLOSING DATE
153 Commercial Road, South Yarra
Closing Tuesday 29th July 2025 at 3:00pm

GormanKelly is delighted to offer this exceptional leased investment opportunity at 153 Commercial Road, South Yarra.

KEY HIGHLIGHTS:

- Secure Leased Investment returning $90,410 per annum net

- Two-storey building totalling 168m²*

- Ground Floor: Open-plan bar with seating, compact commercial kitchen with pass-through, enclosed outdoor lounge/courtyard of 133m²*

- First Floor: Lounge area and amenities of 35m²*

- Established licence for bar, food & entertainment use - over 20 years

- Prime location within a tightly held retail precinct of Commercial Road

- Freehold title (no Owners Corp)

- Outdoor courtyard/entertainment area with value-add potential (STCA)

- Located in a strong-performing retail strip with low vacancy rates

- Area experiencing significant residential and commercial development, with billions invested

LOCATION:

Positioned in one of Melbourne's best-known and thriving retail precincts, the property is directly adjacent to Prahran Market and opposite major supermarkets including Woolworths and Coles. Just 4km* southeast of Melbourne’s CBD, this location enjoys high foot traffic, excellent public transport access, and is surrounded by renowned restaurants, national retailers, boutique stores, and essential service providers.

SURROUNDING ROAD NETWORK:
 
- Chapel Street – 240m*
- Greville Street – 400m*
- Punt Road – 600m*
- Toorak Road – 800m*
- M1 Freeway – 2km*

LOCAL AMENITIES:

- Prahran Market – 40m*
- Prahran Shopping Centre – 200m*
- Prahran Train Station – 380m*
- Fawkner Park – 700m*
- Como House & Gardens – 1.2km*

INSPECTION TIMES:

Monday 14th July - 12:00pm to 1:00pm
Friday 21st July - 12:00pm to 1:00pm

For more information, please contact the exclusive selling agent:

GLENN NEILSON
0438 599 244
[email protected]

* = approx.