95 Greville StreetPrahran VIC 3181
Property Details for 95 Greville St, Prahran
Last Listing description (March 2023)
CBRE Melbourne Metropolitan Sales are delighted to present a blue-chip corner retail investment located at 95 Greville Street, Prahran (Cnr Porter Street).
The property can be summarised by the following key features:
A prominent Prahran corner retail investment offered fully leased to popular and established Japanese Restaurant 'Mizu' returning a net income of $74,378* + GST + Outgoings (As of July 2023)
+ Offered fully leased to longstanding and popular Japanese restaurant 'Mizu' on a 10+5 year new lease with fixed 3% annual increases
+ Positioned within the tightly held and popular Greville Street precinct located opposite Prahran Train Station and immediate walking distance to Grattan Gardens (90m*) and Chapel Street precinct (300m*)
+ High quality restaurant fit out with full commercial kitchen plus outdoor seating permit for 24 patrons as well as full signage rights and one (1) secure rear car park
+ Excellent surrounding retail and hospitality amenity serviced by strong foot traffic established public transport networks, and direct proximity to Prahran Market, The Chapel Street Precinct and Prahran Square
Do not miss your opportunity to secure a blue-chip corner retail opportunity secured by a longstanding and popular restaurant operator.
95 Greville Street, Prahran Is For Sale via Public On-Site Auction, Thursday 2nd March 2023 at 2:30pm (AEDT)
Weekly Open for Inspection:
Every Thursday from 1:00pm - 1:30pm
For further information please contact the exclusive sales and marketing agents at CBRE:
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Sam O'Connell
+61 448 910 251
Sam.oconnell@cbre.com
CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
*Approx.
Property History for 95 Greville St, Prahran, VIC 3181
- 02 Mar 2023Sold for $1,449,999
- 31 Jan 2023Listed for Sale Contact Agent
- 22 Jun 2001Sold for $649,000
Recent sales nearby
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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 10,920 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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