Teska Carson are pleased to offer 147-149 Chapel Street, St Kilda for sale.
Designed by renowned architect Harry Norris (Mitchell House, The Nicholas Building, Curtain House and many more Melbourne landmarks) this is a brilliant opportunity for owner occupiers, investors, value add buyers and developers to secure a substantial and beautifully presented three storey building in the vibrant and eclectic bayside suburb of St Kilda.
Key attributes of this offering include:
- A substantial three storey commercial building comprising generously sized floors and a total building area of 1,392sqm*
- Existing improvements are in immaculate condition with brilliant natural light throughout and high ceilings
- The perfect opportunity for investors, owner occupiers, value add buyer and developers
- A total site area of 564sqm* and zoned Commercial 1, with a preferred height limit of 16 metres (5 storeys) providing a multitude of mixed use development outcomes (STCA)
- Ground floor leased to the highly successful Skin Day Spa (4.8 on google reviews), with the balance of the building being offered with vacant possession
- On-site parking accessible via rear lane way from Duke Street
- Ideally positioned 1.5km from St Kilda beach, a major tourist hub and drawcard for the area.
- St Kilda has evolved into a highly sought-after and prosperous bayside location, with popular retail and entertainment precincts, Fitzroy, Carlisle and Acland Streets in close proximity.
- Close proximity to major arterial routes including St Kilda Road, Brighton Road and Dandenong Road, as well as all forms of public transport.
*approximate
Please do not hesitate to call for further information.
The size of St Kilda is approximately 3.2 square kilometres. It has 17 parks covering nearly 21.5% of total area. The population of St Kilda in 2016 was 20230 people. By 2021 the population was 19490 showing a population decline of 3.7% in the area during that time. The predominant age group in St Kilda is 30-39 years. Households in St Kilda are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St Kilda work in a professional occupation.In 2021, 37.10% of the homes in St Kilda were owner-occupied compared with 33.50% in 2016.
St Kilda has 18,701 properties. Over the last 5 years, Houses in St Kilda have seen a -6.72% decrease in median value, while Units have seen a -1.41% decrease. As at 31 March 2026:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.