385 High StreetPrahran VIC 3181
Property Details for 385 High St, Prahran
Last Listing description (February 2023)
Aston Commercial are pleased to offer 385 High Street, Prahran for Private Sale.
Securely leased to Fourth Chapter and operated as a caf, the property is purpose-built for the use. Outdoor dining, high vaulted ceilings and stunning courtyard create the experience. The Fourth Chapter is one of Stonnington's most popular and iconic cafes with a cult following.
This outstanding property has presence! The striking faade and architectural features set the tone for a beautiful and functional property. Immediately adjacent from Victoria Gardens, the rear courtyard and upstairs rooms open to park views that will never be taken away.
Property Highlights:
Current income of $98,548 pa on 5 year lease plus options
Land Area: 168 sqm*
Building Area: 208 sqm*
Great location close proximity to, Chapel Street, and Greville Street
General Residential Zone (GRZ)
Established caf
For further information or to arrange an inspection please contact the exclusive selling agents.
*approx.
Property History for 385 High St, Prahran, VIC 3181
- 08 Mar 2022Listed for Sale Contact Agent
- 30 Oct 2018Sold for $1,600,000
- 07 Jan 2015Listed for Rent $90,000 / year
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 10,917 properties. Over the last 5 years, Houses in Prahran have seen a -3.13% decrease in median value, while Units have seen a 2.52% increase. As at 28 February 2026:
- The median value for Houses in Prahran is $1,587,888 while the median value for Units is $547,756.
- Houses have a median rent of $780 while Units have a median rent of $560.
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