Teska Carson is pleased to present Shop 1, 450–460 Chapel Street, South Yarra for sale via Public Auction on Thursday 23 April 2026 at 1pm on-site.

Ideally positioned in the heart of Chapel Street, the property benefits from exceptional connectivity and is within close proximity to the highly anticipated Jam Factory redevelopment, currently under construction.

Occupying a prominent corner position, the premises boasts dual street frontages, delivering outstanding exposure and signage opportunities to passing foot and vehicular traffic along Chapel Street. The well-configured layout comprises a welcoming reception area, three (3) generously sized treatment rooms, along with a rear kitchenette and amenities.

Key investment highlights include:

* Building Area: 97sqm*
* Zoning: Activity Centre Zone
* Income of $56,243 per annum + GST + Outgoings
* Lease term expiring November 2026, with one (1) further three (3) year option
* Favourable rental growth with fixed 4% annual increases
* 5.76m* frontage to Chapel Street & 16.84m* frontage to Ellis Street

For further information or to arrange a private inspection, please contact the exclusive selling agents.