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257 Coventry Street, SOUTH MELBOURNE, VIC, 3205

2. Property Highlights

Perfect City Fringe Investment - c. 4.75% Yield
  • New Leases To 2 Established Tenants
  • Extensive 7.7m* Frontage
  • Prime Position Within Thriving Precinct

Fitzroys is pleased to offer this rare two (2) storey freehold investment located at 257 Coventry Street, South Melbourne for sale.

The key attributes of this offering include:

- High profile freehold commanding a dominant position between South Melbourne Market and vibrant Clarendon Street retail precinct

- Renewed long term leases to two (2) established operators

- Rent: $140,120* per annum plus GST and outgoings (as of April 2023)

- Versatile building of 250sqm* with attractive north facing aspect

- Extensive frontage of 7.7 metres* to Coventry Street

- Land area: 166sqm* with side access via Union Street

- Favourable Commercial 1 Zoning (C1Z) with future value-add prospects (STPA)

- Convenient access to the CBD via tram/bus routes and major arterials

- Within walking distance to a host of attractions including Albert Park Lake, Melbourne Sports & Aquatic Centre, South Melbourne Central, Clarendon Centre, St Kilda Road and more

- Exciting opportunity to acquire a prime freehold investment in the thriving city fringe lifestyle precinct, surrounded by an abundance of national/local operators including all major banks, Coles, Woolworths, Bettys Burgers, Hectors Deli, Vintage Cellars, Grill’d, Hunky Dory, Panette Eatery, Nine Yards and more.


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3. Property Location

257 Coventry Street, SOUTH MELBOURNE, VIC, 3205

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4. Due Diligence

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257 Coventry Street, SOUTH MELBOURNE, VIC, 3205 South Melbourne
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