512 Chapel Street, South Yarra

HIGH PROFILE CHAPEL STREET INVESTMENT SECURED BY ASX-LISTED ACCENT GROUP LTD AND TRADING AS ‘PLATYPUS SHOES’

Jones Real Estate is excited to offer 512 Chapel Street, South Yarra to the market For Sale via Public On-Site Auction on Thursday 19th February 2026 at 12.30pm (AEDT).

Occupying a prime position along one of Melbourne’s most iconic retail and lifestyle destinations, this asset combines secure income, long-term growth prospects, and irreplaceable location appeal. Situated on Chapel Street, the city’s most recognised fashion, dining, and entertainment strip, the property benefits from unrivalled exposure, consistent demand, and a strong tenant covenant.

Key highlights include:

– Anchored by a long-standing tenant ‘Platypus Shoes’, secured by ASX Listed ‘Accent Group Limited’ (ASX: AX1) who has a major footprint in footwear & lifestyle retail, boasting a market cap of $800 million*

– Strong income stream of $151,410 p.a. + GST & Outgoings, secured through to 30 June 2027 with fixed 3% yearly increases.

– Excellent visibility and prestige with 220sqm* of building area and prominent 8.3m* of frontage to Chapel Street, surrounded by Melbourne’s most prestigious retail precincts, the property is underpinned by a strategic mix of established and renowned tenant profiles on Chapel Street including Country Road, SABA, Marimekko, Gorman, just to name a few.

– Chapel Street’s mega-redevelopment ‘Jam Factory’ is transforming with $3.75B committed to luxury retail, hospitality, cinematic experience and residences further elevating the area to global destination status.

– Outstanding connectivity and exposure, easily accessible to public transport including trams, buses, and South Yarra Railway Station whilst surrounded by elite retail and leisure tenants with high foot traffic.

– Rare, trophy-quality opportunity in an iconic boutique retail building on Chapel, offering both a secure income today and significant upside as Chapel Street continues its luxury and lifestyle resurgence.

*Approx.

For further information regarding the opportunity, 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.