227 High StreetPrahran VIC 3181
Property Details for 227 High St, Prahran
Last Listing description (October 2023)
CBRE Melbourne Strip Retail Investments are proud to present to the market, 227 High Street, Prahran.
We summarise the property details below, for your reference:
- Sought after High Street Prahran location
- Highly trafficked and exposed retail corner
- Leased to strong trading and experienced caf operator
- 10 year net lease
- Net income of $140,000 pa* with fixed 3.5% annual increases during the term
- 4 secure undercover car spaces
included on title
*approx
Should you wish to discuss this exciting opportunity further, please contact any of the below exclusive selling agents:
Rorey James
0439 400 081
Nic Hage
0448 782 594
Nick Lower
0414 259 494
Property History for 227 High St, Prahran, VIC 3181
- 08 Sep 2017Sold for $3,000,000
- 13 Apr 2017Listed for Sale Not Disclosed
- 01 Oct 2016Listed for Sale Not Disclosed
Recent sales nearby
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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 10,923 properties. Over the last 5 years, Houses in Prahran have seen a -9.89% decrease in median value, while Units have seen a 1.31% increase. As at 31 March 2026:
- The median value for Houses in Prahran is $1,584,132 while the median value for Units is $549,998.
- Houses have a median rent of $920 while Units have a median rent of $575.
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