24 Macquarie Street, Prahran, VIC 3181 | Property Value & History | OnTheHouse
 
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24 Macquarie Street
Prahran VIC 3181

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 412m2
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Property Details for 24 Macquarie St, Prahran

Building Type
Commercial
Land Size
412m2
Local Government
Stonnington
Lot/Plan
1/TP958942

Last Listing description (June 2020)

- Two interconnected properties totalling 2,731sqm* of net lettable area
- 229 Chapel Street forms part of the four-level historic building known as the Colosseum which was originally built in 1914 and is being offered for sale for the first time since 1992
- The buildings are fully leased to Revolver Lane; Melbournes most unique co-working space and Revolver Upstairs; one of Melbournes most frequented bars, restaurants and night club with a rare 24-hour liquor licence

- The opportunity presents a compelling investment opportunity as well as multiple development or conversion options, ranging from boutique hotel, high end residential, hospitality and F&B or commercial office offering (STCA)
- Situated in the heart of Prahran on Chapel Street and between High Street and Malvern Road
- Prahran is set to undergo an exciting transformation with a number of rejuvenation and infrastructure projects either under construction or approved

A 100% freehold interest in 229 Chapel Street & 24 Macquarie Street is being offered for sale by private sale via the exclusive sales agents.

*Approximately

Marcus Neill
+61 452 405 782

Lukas Byrns
+61 423 791 126

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Property History for 24 Macquarie St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Transferred
08 Mar 2018
  • 12 Mar 2020
    Listed for Sale Contact Agent
  • 08 Mar 2018
    Transferred
  • 08 Mar 2018
    Sold for $2,600,000
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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 10,916 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.
There are currently 33 properties listed for sale, and 22 properties listed for rent in Prahran on OnTheHouse. According to Cotality's data, 623 properties were sold in the past 12 months in Prahran.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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