22 Wilson Street, South Yarra

BLUE CHIP RETAIL INVESTMENT TENANTED BY ‘DERMA GLOW SOUTH YARRA’ WITH OPTIONS TO 2035!

Jones Real Estate is privileged to present Derma Glow South Yarra, 22 Wilson Street, South Yarra, to the market, For Sale via Deadline Private Sale closing Thursday 26th March at 3:00pm (AEDT).

Positioned on the doorstep of Melbourne’s most prestigious retail precinct, the property is underpinned by a strategic mix of established and renowned tenant profiles, fine dining options and a transformational development precinct.

Key highlights of this retail investment include:

– Providing a net passing income of $49,365.84 per annum with favourable annual CPI increases and a further option of five (5) years, future proofing the asset for many years to come.

– Leased on an initial six (6) year term that commenced August 2024, Derma Glow South Yarra were operating under the ‘Australian Laser & Skin Clinics’ group for over 12 years before rebranding the South Yarra location to Derma Glow South Yarra.

– Offering 74 sqm* of building area and a prominent 8.3m* of direct retail frontage and two (2) car spaces on title in one of Melbourne’s most prestigious suburbs.

– The property is underpinned by a strategic mix of surrounding tenant profiles on Chapel Street including major retailers; Country Road, SABA, Marimekko, MCM House and Gorman, and unparalleled high end fine dining including; Hawker Hall, Mr Miyagi, Tombo Den, Thirty-Eight Chairs, Abacus Bar & Kitchen, Caffee e Cucina & more.

– Immersed within Chapel Streets ever evolving and transformational precinct, home to Melbourne’s most prominent developments, Vic Land (11 Wilson Street), Goldfields (627 Chapel Street), LK Property Group (Capital Grand), Gurner (Jam Factory), Oreana (South Yarra Square) V Leader (189 Toorak Road) and Chapter Group (206 High Street).

– Offering outstanding access to South Yarra Railway Station plus multiple tram & train bus routes.

– Property is zoned ACZ1 – Activity Centre Zone – Schedule 1.

*Approx.

For further information, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.