GROUND FLOOR/44-46 Bangs StreetPrahran VIC 3181
Property Details for Ground Floor/44-46 Bangs St, Prahran
Last Listing description (January 2016)
Brilliant boutique residential development site with permit in Prahran
JLL is pleased to offer for sale 44 Bangs Street, Prahran - a rare opportunity to purchase a prominently positioned investment or development in the inner-city suburb of Prahran.
The asset is owner occupied, with a tenant on a month to month tenancy on the upper level.
There are a number of attributes that make 44 Bangs Street a superb investment or development opportunity not to be missed:
- Two street frontages to Bangs and Regent Street.
- Situated in a high profile inner-city location only metres away from Melbourne s most famous shopping and dining strip, Chapel Street
- Just 6 kilometres* from the Melbourne CBD
- Effective vacant possession with existing two level office and warehouse space, ideal for owner occupation.
- Commercial 1 Zoning
- Town Planning approval for 17 apartments and above ground parking, with potential to add more GFA.
- Ready to construct with no planning risk
- Access to abundant amenity on Chapel Street, Greville Street and High street, and in close proximity to parks and Prahan Swimming Pool.
- Access to all modes of public transport with Prahran station in short walking distance and Trams on High Street and Chapel Street, with major arterials South-Eastern and Eastern Freeway also easily accessible.
For sale via Public Expressions of Interest
Closing 3pm, Wednesday 16th September 2015
Property History for Ground Floor/44-46 Bangs St, Prahran, VIC 3181
- 13 Aug 2015Listed for Sale Not Disclosed
- 01 Aug 1998Listed 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 -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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