245 High Street, Prahran, VIC, 3181 - House Sold on 23 02 2026

SoldFeb 23, 2026

245 High Street, Prahran, VIC, 3181

Amount undisclosed

205 m²

House

•

30+ days on the market

Sold: Feb 23, 2026

What's around 245 High Street

Whole Building - Shop & Dwelling – 2 Separate Titles

A rare multi-titled corner building offering retail and residential in one prime location. Perfect for investors or owner-occupiers, the property combines strong returns with development potential. Building: • Shop and dwelling on 2 separate titles, separate entries • 3 off-street carparks • 2 potential development schemes available (STCA) • Land area: 205sqm. Floor area: 275sqm (approx.) • Close proximity to Chapel St retail precinct • Retail space estimated income $45,000 pa + GST • Upstairs dwelling vacant & ready to move in - previous tenancy $37,296 PA. Retail Shop: • Open plan – multiple use – showroom, retail, office, hospitality (STCA) • Prominent corner exposure, maximum frontage, signage opportunities • Significant basement for storage or re-development • 2 off-street parking at rear on title • Multiple entrances • Self-contained amenity (kitchenette/toilet) • Back-office area Residential Dwelling: • Comprising 2 large bedrooms, 1 bathroom, separate laundry and separate WC on the ground floor • Ornate features throughout, fireplace, ceiling roses • 1 secure undercover carpark with roller door access from the street • Separate gated entrance • Courtyard at rear Crafted for flexibility and opportunity, this property represents a rare chance to secure both retail and residential components in one strategic location. With development potential, strong rental returns, it’s an investment or occupation prospect not to be missed.

Looking for more information on 245 High Street?

Explore comparables, sales history and growth for this property.

Learn more

Seller's review

about 2 months ago

Verified Review

The very best Agents I have ever dealt with!.Thank you Galldon.

Vincent and Don were relentless in their efforts to achieve the best possible result on my behalf. They are both terrific negotiators and exceptional communicators who kept me fully informed the whole way through the sale process. I have had a 40 year career in property and have dealt with a lot of Agents who are full of talk,sign you up and from the beginning to end pressure the Owner to drop the price.Not Galldon!.I am totally delighted with my experience and the result they achieved. Thank you Don and Vincent.

Chris Mulcahy

Seller