693 High StreetPrahran VIC 3181
Property Details for 693 High St, Prahran
Last Listing description (October 2023)
Teska Carson has the privilege of offering to the market 693-699 High Street, Prahran for sale by Expressions of Interest closing 22nd November at 3pm.
Key attributes of this outstanding opportunity:
- Prominently positioned landholding on the high-profile corner of High Street and Orrong Road.
- A rare 1,038sqm parcel of blue-chip land with a combined dual street frontage of over 64 metres.
- Commercial 1 zoning and multi height precedent, allowing a range of mixed-use development outcomes.
- A brilliant trophy property suitable for developers, owner occupiers and investors!
- Leased to mix of commercial and residential tenants, with a combined income of $214,644 per annum.
- Lifestyle amenity including High Street, Chapel Street and Hawksburn Villages fashion and caf shopping strips.
- Close proximity to an array of local parks including Victoria Gardens, Orrong Romanis Reserve & Toorak Park.
- Close proximity to Toorak & Armadale Train Stations, as well as the No. 6 tram and No. 604 bus, all whilst being 6km from Melbourne's CBD.
- A rare chance to secure a substantial landholding on the border of Prahran and Armadale, two of Melbournes most sought after residential and commercial locations.
*approximate
Please do not hesitate to call for further information.
Luke Bisset 0400 344 211
Adrian Boutsakis 0433 138 768
Property History for 693 High St, Prahran, VIC 3181
- 23 Feb 2024Sold for $4,640,000
- 23 Oct 2023Listed for Sale Contact Agent
- 21 Oct 2015Listed 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 10,921 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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