223 High StreetPrahran VIC 3181
Property Details for 223 High St, Prahran
Last Listing description (June 2021)
Colliers is delighted to offer a trophy asset investment opportunity at 223 High Street Prahran for sale by Public Auction on Friday 18th June at 1.30pm on-site. Leased to one of Melbourne's best hospitality groups, Commune Group and trading as Firebird by Hanoi Hannah, one of Melbourne's hottest restaurants, this is an opportunity not to be missed.
Key investment highlights are as follows
Rental of $152,082 p.a. plus GST (approx.), as at August 2021
Fully leased, with options until 2034
Stunning refurbished interior by renowned design firm, Ewert Leaf
Tenant trading as the hugely popular restaurant, Firebird by Hanoi Hannah
Operated by Commune Group who also run Hanoi Hannah, Tokyo Tina, Hanoi Hannah New Quarter etc.
Activity Centre zoned site of 294m2 (approx.) with rear laneway
In the heart of Melbourne's hottest entertainment/dining precinct
Only metres from Chapel Street and surrounded by a plethora of popular venues including Neptune Food & Wine, The Smith, Huxtaburger, Hawker Hall, Mr Miyagi, Hanoi Hannah, Tokyo Tina
Highly affluent catchment of surrounding residents
Immediate precinct a 'go-to' destination for all Metro Melbourne residents and tourists
Colliers strongly recommends this trophy investment for your serious consideration. For further information please contact the Colliers agents below.
Property History for 223 High St, Prahran, VIC 3181
- 27 Apr 2021Listed for Sale Please contact agent
- 10 Nov 2016Listed for Rent - Price not available
- 03 Mar 2016Listed for Rent - Price not available
Recent sales nearby
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0About 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 1.02% increase in median value, while Units have seen a 0.08% increase. As at 31 December 2025:
- The median value for Houses in Prahran is $1,618,142 while the median value for Units is $539,491.
- Houses have a median rent of $770 while Units have a median rent of $550.
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