Stonebridge Property Group is pleased to present for sale 354 Clarendon Street, South Melbourne.
The key highlights of the opportunity include:
- Multiple income streams - the asset is anchored by a 5-year lease with fixed 3% increases
- Positioned on strategic 165 sqm* C1Z landholding with highly accessible rear access via Emerald Hill Place
- A recently refurbished and separately accessed 3-bedroom residence that occupies level one of the property
- The prime ground floor retail space is tenanted by the highly regarded local restaurant, Pondok Nasi Bakar, boasting a 4.4 star Google review
- The versatile ground floor retail space includes an open plan dining area fronting Clarendon Street, outdoor seating and rear access – ideal for product delivery
- Clarendon Street is the retail backbone of South Melbourne, home to national retailers such as Coles, major banks, Grill’d + more
- 500m* from the quintessential South Melbourne Markets, which attracts 5.5 million* + visitors annually
- Surrounded by easily accessible public transport (4 tram stops within 50m*) bottlenecking foot-traffic to the property’s façade – a major advantage for nearby businesses
- Bookended by highly popular hospitality venues (Mr Brownie Rooftop Bar, Limerick Arms & Belotta Wine bar) attracting consistent consumers to the area
- Located within the affluent inner-city suburb of South Melbourne, possessing a median house price of $1.58 million* - 59% above the Victorian median
*Approximately
354 Clarendon Street, South Melbourne is offered for sale via Public On-Site Auction Friday 3rd March 2023 at 10:30am (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Sarah Xi
0468 320 297
Rorey James
0439 400 081
Property Code: 579