246 Dorcas Street,
South Melbourne, VIC 3205

Shops & Retail

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Map of 246 Dorcas Street

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The Perfect Food & Beverage Investment

246 Dorcas Street is an exposure plus corner shop of approximately 100 sqm*, positioned at the ground floor of the renowned Jewel South Melbourne development.

The existing tenant is the widely successful family run StreetDogz Take Away restaurant, boasting their iconic Colombian Style Hot dogs and Fries. With a lease commencement starting in January 2024, they have already secured a huge local customer base since moving from their Flagship restaurant in Thornbury.

This superb investment opportunity offers the following attributes:

- Lease Commencement: 22nd January 2024
- Lease Term: 5 Years and 6 month with 2 further terms of 5 years
- Current Rental - $64,480,000 per annum + outgoings + GST
- 4% per annum increases
- 1 secure carspace on title
- Tenancy includes grease trap, exhaust fan, full kitchen and excellent fitout

The property is ideally located within 100 meters* from the bustling shopping strip of Clarendon Street and 5 minutes walk to South Melbourne Market.

For further information, please contact Luke Conquest 0432 328 6...

*Approx

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

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Most residents

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