South Melbourne Bakery, 356 Clarendon Street,
South Melbourne, VIC 3205
Shops & Retail • Offices • Medical & Consulting
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
South Melbourne Bakery, 356 Clarendon Street
South Melbourne, VIC 3205
Map of South Melbourne Bakery, 356 Clarendon Street
Blue-Chip Essential Service Investment
- Recently renewed lease 5 year lease
- Annual fixed 3% rent increases
- Fully leased shop and 2 BRM residence
Recently renewed 5-year lease to August 2026 plus option to 2031.
South Melbourne Bakery: iconic essential service tenant.
Fully leased shop and 2-bedroom first floor residence.
Strong and certain rental growth with fixed, compounding 3% increases.
Immaculately presented investment with generous covered alfresco area.
Crown Casino complex, Grand Prix circuit, South Melbourne Market, Woolworths, Coles, Anzac Station, MSAC all within 1km.
Two tram routes past the front door, only 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: $76,680pa + GST
Two adjoining shops also available separately.
See separate listings for 358 Clarendon Street and 360-362 Clarendon Street (Corner Park Street).
Buy one or buy all three.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room
*Approx
1 .id
2 Cordell Connect, Mazo, Urban Developer
South Melbourne Bakery: iconic essential service tenant.
Fully leased shop and 2-bedroom first floor residence.
Strong and certain rental growth with fixed, compounding 3% increases.
Immaculately presented investment with generous covered alfresco area.
Crown Casino complex, Grand Prix circuit, South Melbourne Market, Woolworths, Coles, Anzac Station, MSAC all within 1km.
Two tram routes past the front door, only 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: $76,680pa + GST
Two adjoining shops also available separately.
See separate listings for 358 Clarendon Street and 360-362 Clarendon Street (Corner Park Street).
Buy one or buy all three.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room
*Approx
1 .id
2 Cordell Connect, Mazo, Urban Developer
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South Melbourne, 3205 demographic data
The median household income for South Melbourne is $2,101, 11% higher than Greater Melbourne's household income of $1,901. South Melbourne has an older age profile compared to the rest of Greater Melbourne (median age 39 vs 37). Property ownership data shows 53% of property owners in South Melbourne have a mortgage.
11,548
Population
$2,101 per week
Median household income
39 years
Median age
Renters
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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