Realisation Sale | South Melbourne Corner with Unlimited Possibilities
Stonebridge Property Group is pleased to present 345 Clarendon Street, South Melbourne for sale via Public On-site Auction.
Offered with vacant possession, the property provides an outstanding opportunity to acquire a flexible two-level freehold with existing hospitality infrastructure, a valuable 200-patron liquor licence and 3am trading capability, presenting opportunity for occupiers, hospitality groups, investors and developers.
Key Highlights of the Opportunity Include:
- Prominent South Melbourne corner freehold with 30.5 m* of combined street frontage to Clarendon Street and Park Street, providing valuable exposure and flexibility for multiple entry/exit points.
- Substantial 428 sqm* building across two levels, complete with existing hospitality/entertainment fit-out and concrete slab construction.
- Positioned on 227 sqm* of Commercial 1 Zone land, with scope for additional height (STCA).
- Offered with vacant possession, providing purchasers with the flexibility to occupy, refurbish, re-lease, reposition or explore future development outcomes.
- Complete with an existing 200-patron liquor licence and 3am late-night trading provisions.
- Existing infrastructure includes a commercial kitchen, bar areas, beer lines to tap across the ground and first floors, amenities and back-of-house areas.
- Prominently positioned on Clarendon Street, the retail backbone of South Melbourne, surrounded by major retail anchors including the Coles-anchored Clarendon Centre, Woolworths, ALDI and Spotlight, alongside an established mix of cafés, restaurants and hospitality operators.
- Direct access to Route 96 and 12 tram services, with Clarendon Street tram routes supporting 35,000+ passengers daily*.
- Positioned 500 m* from South Melbourne Market, one of Melbourne’s quintessential inner-city market destinations, attracting 5.5 million+ visitors annually*.
- Strategically positioned within a major city-fringe growth corridor, moments from the Fishermans Bend Urban Renewal Area (3 km*), forecast to accommodate 80,000 residents and 80,000 jobs by 2050*.
- Surrounded by premium residential and mixed-use development, including Emerald Place at 182–200 Clarendon Street (580 m*) and proposed development activity along Clarendon Street, reinforcing future retail, hospitality and service demand.
- Located within the affluent inner-city suburb of South Melbourne, supported by a median house price of $1.58 million* and a high-income surrounding catchment, with 34% of households earning more than $3,000 per week*.
345 Clarendon Street, South Melbourne is offered for sale via Public On-site Auction Wednesday 24 June 2026 at 12:30PM (AEST).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Stonebridge’s Strip Retail Investments team is a market leader, with over 30 years of combined experience specialising in the divestment of metropolitan Melbourne strip retail assets.
Nic Hage
0448 782 594
Dylan Kilner
0459 396 341
Rorey James
0439 400 081
Ian Lam
0416 621 859
(WeChat ID: Ianlam2001)
*Approximately
Our Ref: Strip Retail, Large format Retail, Mixed use
Our ID: a0TOd00000lRyI4MAK
Property Code: 1744
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