229 chapel st & 24 maCquarie street

Cushman & Wakefield is privileged to present the opportunity to acquire 229 Chapel Street & 24 Macquarie Street, Prahran – two fully leased interconnected properties, on one of Melbourne’s most famed streets and home to the iconic Revolver Upstairs nightclub.

The properties are currently fully leased to Revolver Lane; Melbourne’s most unique coworking space and Revolver Upstairs; one of Melbourne’s most frequented bars, restaurants and night club. The two properties occupy a combined site of 1,287sqm and presents multiple development / conversion options, ranging from boutique hotel, high end residential, hospitality and commercial office offering (STCA), or as an impressive investment.

229 chapel street

level existing use net lettable area
Ground Retail – Cafe 130sqm
Ground Creative co-working space 627.5sqm
Mezzanine Creative co-working space 600sqm
Level One Revolver Restaurant and Nightclub 542sqm
Level Two Caretaker Unit 224.2sqm
Total – 2,123.7sqm

24 maquarie street

level existing use net lettable area
Ground Creative co-working space 303.5sqm
Level One Creative co-working space 303.5sqm
Total – 607sqm




The first trams ran along Chapel Street in 1888 connecting Brighton to Melbourne. Between the 1890’s to 1930’s Prahran was known as a major entertainment area and shopping centre with two major shopping strips running along the tram route on Chapel street. The shopping precinct rivalled that of the Melbourne Central Business District with several large emporium buildings still standing today including The Colosseum, Prahran Arcade and Love and Lewis.

229 Chapel Street and 24 Macquarie Street are situated in the heart of Prahran, on central Chapel Street and ideally between High Street and Malvern Road. The property is 5km from Melbourne’s CBD which can be reached in as little as 8 minutes from Prahran Train Station or 10 minutes via car.

Marcus Neill

M: +61 452 405 782


Lukas Byrns

M +61 423 791 126


Michael Collins

M +61 404 023 204