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338-340 Clarendon Street South Melbourne, VIC 3205

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338-340 Clarendon Street South Melbourne, VIC 3205

Shop & Retail
Sold Price

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Land area

276.0m²

Floor area

294.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

29 Mar 2018

ICONIC EMERALD HILL INVESTMENT LEASED TO BENDIGO BANK

  • ASX LISTED TENANT BENDIGO BANK
  • 10M* OF CLARENDON ST FRONTAGE
  • ALL OUTGOINGS PAID BY THE TENANT

CBRE Melbourne Strip Retail Investments are pleased to present to the market 338-340 Clarendon Street, South Melbourne for sale via Public On-site Auction Thursday 29th March at 12.30pm

We highlight some key features below:

- 100% leased to publicly listed national tenant Bendigo Bank (MKT CAP. $5.50B*)

- Net annual income of $209,803^ with fixed 3% annual rental increases

- Favourable lease structure with all outgoings paid by the tenant (including land tax)

- Positioned in the heart of the iconic Emerald Hill precinct, benefiting from 24-7 trading conditions supported by a strong residential population, office precinct & tourism hot spots Albert Park & the South Melbourne Markets

- Under-developed dual fronted landholding of some 276sqm*, with 10m* of Clarendon Street frontage and untapped future potential for development (STCA)

- Situated in one of Melbourne's highest growth locations, with in excess of 1,800* residential dwellings currently under construction in the immediate area

*Approximately

^Approx. Income as at 1st July 2018

For Sale via Public On-Site Auction Thursday 29th March at 12.30pm

CBRE Melbourne Strip Retail Investments

Rorey James

+61 439 400 081

Mark Wizel

+61 409 809 868

Nic Hage

+61 448 782 594

Jing Jun Heng

+61 411 059 116

Property ID: 502723602Last Updated: 27 May 2018

338-340 Clarendon Street
South Melbourne, VIC 3205

Agency contacts

CBRE - Victoria

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CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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Jing Jun Heng
CBRE - Victoria
338-340 Clarendon Street South Melbourne, VIC 3205

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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