473 High StreetPrahran VIC 3181
Property Details for 473 High St, Prahran
Last Listing description (August 2023)
Burgess Rawson is delighted to offer to the market this mixed use, fully leased investment at 473 High Street, Prahran VIC for sale via Investment Portfolio Auction 162
The Property has the following investment highlights:
+ Retail shop (110sqm*) with dual entry, secure parking and a custom tenant fit-out.
+ Ascraft/Motivo: Wholesale textile importer and distributor with 25+ locations nationwide, est. 1975 and in occupation from this location since 2014.
+ Annual rent increases, ensuring future rental growth.
+ Premium Commerical 1 Zoning providing the opportunity for future development (STCA).
+ Premier location with frontage to High Street, one of Melbourne's most iconic shopping precincts, servicing 15,100 vehicles on average daily.**
+ PetStock, E&S, Mt Erica Hotel & Alliance Pharmacy all within 150* metres.
+ Easily accessible via public transport including a tram stop (100 metres) and Hawksburn Station (1km*).
+ Prahran: Highly desirable and tightly held inner city suburb with a median house price of $1,700,000.
+ City of Stonnington: highly regarded municipality, with population forecast to surge 20.5% to 136,973 residents by 2036.***
+ Net Income: $94,305* pa + GST
To be sold by Investment Portfolio 162 Auction
10:30am AEST Wednesday 2nd August 2023
Crown Casino, Melbourne.
SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au
JUSTIN KRAMERSH
0460 349 605
jkramersh@burgessrawson.com.au
DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au
ROMANOR FALCONER
0413 830 808
rfalconer@burgessrawson.com.au
*approx.
**GapMaps
***Forecast.id
Property History for 473 High St, Prahran, VIC 3181
- 02 Aug 2023Sold for $2,051,000
- 06 Jul 2023Listed for Sale Price on Request
- 22 Jan 2018Sold for $2,150,000
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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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