Stonebridge Property Group is pleased to present for sale 354 Clarendon Street, South Melbourne.

The key highlights of the opportunity include:

• Multiple income streams provide annual income of $90,996* (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 Winebar) 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.