Lemon Baxter is proud to present 242-244 Clarendon St, South Melbourne, a rare opportunity to own a premier retail asset in a thriving location.

This two-level property boasts a coveted corner position, offering exceptional visibility and high foot traffic directly adjacent to the iconic South Melbourne Market. It's strategically zoned Commercial 1, providing excellent access to major arterials such as the West Gate Freeway and Kings Way.

Currently occupied by a longstanding tenant mix, the property offers immediate income and a secure future. Renowned high-end eyewear company Bellochio Glasses has just renewed their lease for a further 5 years, solidifying their commitment to this prime location. This translates to a new rental income of $125,000 p.a. plus outgoings. Additionally, a 12-month rent guarantee secures a net income of $65,000 p.a. from the neighboring shop, bringing the total net rent to a compelling $190,000 p.a.

This is a golden opportunity to acquire a blue-chip retail asset with a secure income stream in a vibrant and sought-after location.

Contact Lemon Baxter, your exclusive selling agents, to arrange an inspection and secure your investment!