5/1 Grattan Street, Prahran, VIC 3181 | Commercial for sale | OnTheHouse
 
FOR SALE
$385,000

5/1 Grattan Street
Prahran VIC 3181

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 60m2
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FOR SALE – Light-Filled Self-Contained Office in the Heart of Prahran

An exceptional opportunity to secure a fully self-contained first-floor office in one of Prahran’s most vibrant commercial precincts.
Occupying approximately 60 m², this light-filled, open-plan workspace is ready to move straight in. Featuring polished timber floors, split-system air conditioning and heating, and a private balcony, the space offers the perfect balance of professionalism and comfort.
A kitchenette and bathroom are included within the tenancy, along with one secure on-site car space, ensuring complete convenience for staff or clients.
Positioned just a short stroll from Chapel Street, Greville Street, High Street, and Prahran Market, this location provides unbeatable access to cafes, retail, and public transport.
Key Features:
Approx. 60 m² of open-plan office space
Private balcony – ideal breakout or meeting space
Polished timber floors throughout
Heating and cooling for year-round comfort
Kitchenette and bathroom within the suite
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Property Details for 5/1 Grattan St, Prahran

Building Type
Commercial
Floor Size
60m2
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About Prahran 3181

The size of Prahran is approximately 1.9 square kilometres. It has 8 parks covering nearly 6.3% of total area. The population of Prahran in 2016 was 12982 people. By 2021 the population was 12203 showing a population decline of 6.0% in the area during that time. The predominant age group in Prahran is 30-39 years. Households in Prahran are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Prahran work in a professional occupation.In 2021, 43.60% of the homes in Prahran were owner-occupied compared with 39.30% in 2016.

Prahran has 10,915 properties. Over the last 5 years, Houses in Prahran have seen a 5.90% increase in median value, while Units have seen a 8.76% increase. As at 31 January 2026:

  • The median value for Houses in Prahran is $1,686,435 while the median value for Units is $551,023.
  • Houses have a median rent of $780 while Units have a median rent of $560.
There are currently 35 properties listed for sale, and 26 properties listed for rent in Prahran on OnTheHouse. According to Cotality's data, 619 properties were sold in the past 12 months in Prahran.

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Scott Banks
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Scott Banks Real Estate Group
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