1 Chapel Street, Blackburn
Built in 2005, 1 Chapel Street comprises a high-quality three-level office building which occupies a substantial 7,224sqm site in Blackburn – a central business district, 17 kilometres south east of Melbourne CBD. The area is well connected by arterial routes and public transport, with Blackburn railway station 400 metres to the south of the property.
The property is considered one of the premier office buildings in Melbourne’s outer eastern suburbs featuring a modern lobby, end-of-trip facilities, floor-to-ceiling windows on all sides (allowing high levels of natural light throughout) and ample car parking (combination of basement and open-air spaces).
Purchased by Vantage in 2018, we then converted the single tenant building into a multi-tenanted asset. A full refurbishment of the ground floor created additional space for three office tenancies and a cafe. Given the substantial landholding, we are continuing to explore potential alternative uses for the undeveloped land located to the rear of the existing office building.