197-199 Clarendon Street, South Melbourne, VIC, 3205

We're pleased to present 197–199 Clarendon Street, South Melbourne for sale via EOI. This property presents a substantial multi level retail investment within one of Melbourne's most tightly held city-fringe commercial precincts. Offered with a secure lease to a national tenant, the property combines immediate holding income with long-term potential upside (STCA).

Key features:

- Substantial multi-level commercial building

- Building area of 297 sqm*

- Leased to White Lady Funerals (Invocare)

- Net income of $114,577 p.a.* with 3% annual increases

- Lease expiry June 2028 with a 3-year option

- Two on-site car spaces

- Commercial 1 Zone (C1Z)

- Future owner-occupier or value-add upside

Location:

- Heart of the Clarendon Street retail strip

- 2 km* to the Melbourne CBD

- 300 m* to South Melbourne Market

- Excellent access via 96/109 trams and Anzac Station

- Adjoining the Fishermans Bend renewal corridor

Secure investments of this calibre along Clarendon Street are rarely offered. This is an opportunity to acquire a prime retail asset backed by a national tenant covenant and strong underlying fundamentals in a high-demand location.

For Sale by Expression of Interest closing Wednesday 25th November at 12:00pm (AEDT).

Contact the exclusive Lemon Baxter selling agents today.

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