179-181 Clarendon Street, South Melbourne, VIC 3205

Offices | Retail | Other

Sold

  • Property ID: 444690
  • Floor Area: 228m²
  • Land Area: 185m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 21/06/2024 228m2 185m2 Contact Agent
A Fully Fitted Hospitality Freehold on the Doorstep of the CBD

Stonebridge Property Group is pleased to present for sale 179-181 Clarendon Street, South Melbourne.

The key highlights of the opportunity include:

- Boasting an ultra high-quality hospitality fit-out this double-fronted city fringe opportunity is ready to be occupied or leased

- The near new fit out is complemented by a 120 person (1am) liquor licence

- With separate access to level 1 (via Clarendon Street), the flexible freehold provides the value add possibility of multiple tenancies

- Level one has the ability to be utilised as office, residential or retail space and benefits from the convenience of separate power meters The substantial building, with highly convenient double door rear access, comprises 228 sqm* of versatile floor area

- Underlying fundamentals include 185 sqm* of Commercial 1 Zoned land and 8.5 m* of double retail frontage to the heavily trafficked Clarendon Street retail precinct - providing future tenants/occupiers favourable exposure

- Positioned in the epicentre of a globally recognised suburb with unrivalled connectivity to the CBD (900 m*) and only 300 m* from the iconic South Melbourne Market

- Bookended by a number of major developments, notably Hickory's award winning Market Lane project and Lowe Livings under construction Clarendon Street development

- Located within the affluent inner-city suburb of South Melbourne, possessing a median house price of $1.436 million* - 54% above the Victorian median

- Convenient rear lane access and loading available to the rear of the property with multiple pedestrian access points available from Clarendon Street

179-181 Clarendon Street, South Melbourne is for sale via Public On-site Auction Friday 21st June 2024 at 10:30am (AEST).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.


Dylan Kilner
0459 396 341

Nic Hage
0448 782 594

Chao Zhang ??
0411 625 068

*Approximately

Property Code: 965

South Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $10395 $241 2.32%
Offices $6007 $538 8.96%
Industrial $5038 $234 4.65%
This is the average advertised price, rent and yield for South Melbourne, VIC 3205*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×