Watch Watch
All Videos
Back
/
Images
Video
Close
356 Clarendon Street, SOUTH MELBOURNE, VIC, 3205
×
Sold Check
+26 Photos
356 Clarendon Street, SOUTH MELBOURNE, VIC, 3205

2. Property Highlights

Blue-Chip Essential Service Investment
  • Recently renewed lease 5 year lease
  • Annual fixed 3% rent increases
  • Fully leased shop and 2 BRM residence

Recently renewed 5-year lease to August 2026 plus option to 2031.

South Melbourne Bakery: iconic essential service tenant.

Fully leased shop and 2-bedroom first floor residence.

Strong and certain rental growth with fixed, compounding 3% increases.

Immaculately presented investment with generous covered alfresco area.

Crown Casino complex, Grand Prix circuit, South Melbourne Market, Woolworths, Coles, Anzac Station, MSAC all within 1km.

Two tram routes past the front door, only 9-minute commute to Collins Street.

Residential building approvals up 39% compared to FY21 and population forecast to increase by 44% by 2041 (1).

Over $1.5 billion in nearby development completed, approved or proposed including over 100,000sqm* of new office space (2).

South Melbourne: iconic inner-city locale, only 1.7km from Melbourne CBD.

Net Income: $76,680pa + GST

Two adjoining shops also available separately.

See separate listings for 358 Clarendon Street and 360-362 Clarendon Street (Corner Park Street).

Buy one or buy all three.

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 11 May 2022

Crown Casino - River Room

*Approx

1 .id

2 Cordell Connect, Mazo, Urban Developer

Remember to mention you found this property on CommercialReady.com.au

Read More
Billy Holderhead
Billy Holderhead
+61 *** *** *** show +61 422 817 696
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Matthew Wright
Matthew Wright
+61 *** *** *** show +61 458 290 588
Zomart He 何梓轩
Zomart He 何梓轩
+61 *** *** *** show +61 488 220 830

3. Property Location

356 Clarendon Street, SOUTH MELBOURNE, VIC, 3205

Property Map
Street View
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
356 Clarendon Street, SOUTH MELBOURNE, VIC, 3205 South Melbourne
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Billy Holderhead
Billy Holderhead
+61 *** *** *** show +61 422 817 696
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Matthew Wright
Matthew Wright
+61 *** *** *** show +61 458 290 588
Zomart He 何梓轩
Zomart He 何梓轩
+61 *** *** *** show +61 488 220 830
calculator-icon Yield Calculator
calcultor-icon Yield Calculator