246 Dorcas St,
South Melbourne, VIC 3205
Shops & Retail • Offices • Development Sites & Land
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Stonebridge Property Group - Melbourne
Level 19, 627 Chapel StreetSOUTH YARRA, VIC 3141
246 Dorcas St
South Melbourne, VIC 3205
Map of 246 Dorcas St
South Melbourne Corner Investment Leased to Renowned Café & Aquarium with Strong Client Base
- Brand New 3 Year Lease
- 19m* of Prime Frontage
- Overcapitalised Tenant Fitout
Stonebridge Property Group is pleased to present for sale 246 Dorcas Street, South Melbourne.
Key highlights include:
- Set and forget city fringe investment tenanted to Reef Galleria, a high-end and well-regarded custom aquarium specialist + cafe
- The strategically positioned 100 sqm* shop benefits from excellent corner exposure, includes an extensive, high quality fit out and one on-title car park
- In addition to a vast in-store retail offering, Reef Galleria also provide aquarium maintenance and installation services - further expanding revenue potential
- The established operator has built up a strong Facebook following of over 3,100 customers & a high 4.9/5 star rating.
- The property benefits form 24/7 foot traffic being conveniently bookended between the retail backbone of South Melbourne (Clarendon Street) and the famed South Melbourne Market
- Comprising the corner position within the ‘Jewel South Melbourne’ development - designed by award winning Hassell architects
- Strong potential investment returns of circa 6% - well above South Melbourne residential investment returns of 2%-3%
*Approximately
246 Dorcas Street, South Melbourne is for sale by Public On-site Auction Friday 19th November 2021 at 12.30pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents Stonebridge Property Group.
Dylan Kilner
0459 396 3...
Nic Hage
0448 782 5...
Property Code: 327
Key highlights include:
- Set and forget city fringe investment tenanted to Reef Galleria, a high-end and well-regarded custom aquarium specialist + cafe
- The strategically positioned 100 sqm* shop benefits from excellent corner exposure, includes an extensive, high quality fit out and one on-title car park
- In addition to a vast in-store retail offering, Reef Galleria also provide aquarium maintenance and installation services - further expanding revenue potential
- The established operator has built up a strong Facebook following of over 3,100 customers & a high 4.9/5 star rating.
- The property benefits form 24/7 foot traffic being conveniently bookended between the retail backbone of South Melbourne (Clarendon Street) and the famed South Melbourne Market
- Comprising the corner position within the ‘Jewel South Melbourne’ development - designed by award winning Hassell architects
- Strong potential investment returns of circa 6% - well above South Melbourne residential investment returns of 2%-3%
*Approximately
246 Dorcas Street, South Melbourne is for sale by Public On-site Auction Friday 19th November 2021 at 12.30pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents Stonebridge Property Group.
Dylan Kilner
0459 396 3...
Nic Hage
0448 782 5...
Property Code: 327
Property ID: 503931622Last Updated: 20 Mar 2023
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
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