Share this property

Burgess Rawson - Melbourne

360-362 Clarendon Street South Melbourne, VIC 3205

Directions

360-362 Clarendon Street,
South Melbourne, VIC 3205

Shop & Retail • Offices • Medical & Consulting

Price information

Sale

4,750,000

Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$192,742
Number of Tenants
5 Tenants
Tenants / Type
Retail

Private inspections

to arrange a private inspection.
Burgess Rawson - Melbourne
Billy Holderhead
Beau Coulter
Zomart He
Matthew Wright

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
360-362 Clarendon Street
South Melbourne, VIC 3205

Map of 360-362 Clarendon Street

Directions
  • Train stations within 5 km of 360-362 Clarendon Street, South Melbourne, VIC 3205Distance
    Flinders Street Railway Station2 km
    Southern Cross Station2 km
    NSW Train Link2.1 km
    Melbourne Airport Rail2.4 km
    Flagstaff Station2.6 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 360-362 Clarendon Street, South Melbourne, VIC 3205Distance
    129-Park St/Clarendon St (South Melbourne)47 m
    24-Clarendon St/Park St (South Melbourne)60 m
    25-Cecil St/Park St (South Melbourne)189 m
    23-Moray St/Park St (South Melbourne)280 m
    128-Dorcas St/Clarendon St (South Melbourne)294 m
    POWERED BY HERE ©
  • Bus stops within 5 km of 360-362 Clarendon Street, South Melbourne, VIC 3205Distance
    Ferrars St/Dorcas St (South Melbourne)475 m
    South Melbourne Market/Cecil St (South Melbourne)515 m
    Coote St/Dorcas St (South Melbourne)575 m
    Queen St/Dorcas St (South Melbourne)613 m
    Ferrars St/City Rd (South Melbourne)804 m
    POWERED BY HERE ©
POWERED BY HERE ©

Generational Corner, First Time Ever Offered to Market

  • Diverse income stream, retail + office
  • Annual fixed increases, from 3% to 5%
  • Conservative rents, significant upside
Generational 262sqm* corner land footprint, first time ever offered to market.
Trophy retail investment in prized Emerald Hill precinct.
Crown Casino complex, Grand Prix circuit, South Melbourne Market, Woolworths, Coles, Anzac Station, MSAC all within 1km.
Diverse income stream from four retail shops and 332sqm* office space with dedicated Park Street entry.
Tenants include longstanding South Melbourne Fish and Chips and local favourite Relief Unit 1. cafe.
Strong and certain growth with annual fixed increases on all leases ranging from 3% to 5%.
Conservative rents with scope for significant future upside.
Two tram routes past the front door, only a 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: $192,742pa + GST

Two adjoining shops also available separately.
See separate listings for 356 Clarendon Street and 358 Clarendon Street.
Buy one or buy all three.

For Sale by Private Treaty

*Approx
1 .id
2 Cordell Connect, Mazo, Urban Developer

Explore property virtually

Video

If you'd like to inspect this property in person, please to arrange a private inspection.

Property ID: 504049187Last Updated: 28 Jun 2022

Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

More properties from Burgess Rawson - Melbourne

Other properties you might be interested in based on the location and property type you are looking at.