387-399 City Road,
South Melbourne, VIC 3205
Offices • Showrooms & Large Format Retail • Shops & Retail
Key property information
Land area
Floor area
Car spaces
Parking info
Property extent
Tenure type
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Map of 387-399 City Road
THE ULTIMATE CITY FRINGE FREEHOLD INVESTMENT
- OUTSTANDING LANDBANK OPPORTUNITY
- GENEROUS CORNER SITE WITH HUGE FRONTAGE
- FULLY LEASED TO TWO NATIONAL TENANTS
387-399 City Road, South Melbourne is located within a highly sought after city fringe location – just minutes from Melbourne’s CBD.
The property is within close proximity to South Melbourne Market and is a short distance from Cecil Street and the popular Clarendon Street retail precinct, which is home to a plethora of popular retailers, cafes, eateries and art galleries.
* Substantial land area of 1,220sqm* providing outstanding future development potential (STCA)
* Prominent two-level premium office investment offering lettable area of 1,339sqm*
* Fully leased to two quality tenants providing a current Income $410,880 p.a.*
* Favourable corner landholding with dominant dual street frontage of 82 metres*
* Convenient on grade car parking for 19 vehicles
* Located adjacent to Fishermans Bend, Australia’s largest urban renewal site and the next chapter in Melbourne’s growth story
* Fantastic future development opportunities (STCA)
To arrange an inspection or for more information, please contact CBRE Melbourne and Allard Shelton as the exclusive selling agents.
CBRE MELBOURNE
Josh Rutman 0499 881 202
Sandro Peluso 0418 389 7...
Lewis Tong 0421 870 833
ALLARD SHELTON
Joseph Walton 0417 309 3...
Michael Ryan 0433 180 199
James Gregson 0421 516 480
Patrick Barnes 0417 555 190
The property is within close proximity to South Melbourne Market and is a short distance from Cecil Street and the popular Clarendon Street retail precinct, which is home to a plethora of popular retailers, cafes, eateries and art galleries.
* Substantial land area of 1,220sqm* providing outstanding future development potential (STCA)
* Prominent two-level premium office investment offering lettable area of 1,339sqm*
* Fully leased to two quality tenants providing a current Income $410,880 p.a.*
* Favourable corner landholding with dominant dual street frontage of 82 metres*
* Convenient on grade car parking for 19 vehicles
* Located adjacent to Fishermans Bend, Australia’s largest urban renewal site and the next chapter in Melbourne’s growth story
* Fantastic future development opportunities (STCA)
To arrange an inspection or for more information, please contact CBRE Melbourne and Allard Shelton as the exclusive selling agents.
CBRE MELBOURNE
Josh Rutman 0499 881 202
Sandro Peluso 0418 389 7...
Lewis Tong 0421 870 833
ALLARD SHELTON
Joseph Walton 0417 309 3...
Michael Ryan 0433 180 199
James Gregson 0421 516 480
Patrick Barnes 0417 555 190
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
387-399 City Road
South Melbourne, VIC 3205
Allard SheltonLevel 3, 267 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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