Rare opportunity to purchase a delightful retail and residential property in the heart of Clarendon St, South Melbourne.
Opposite the Clarendon Centre and securely leased to July 2010 this proves to be a substantial investment returning over $59654.73 NET per annum.
Ideally situated enroute to and from Melbourne's CBD and Southbank, with public transport at the door and easy access to major arterials this classic double storey property with a building area of approximately 174sqm and frontage to Clarendon St of approximately 4.5 metres.

Ground Floor Retail approximately 87sqm
First Floor Residential Tenancy area of approximately 87sqm
Lessee: Kebabs on Clarendon
Commencement:
6th July 2006
Rental: $63,671.90pa plus GST
Term of Lease: 4 years plus 3 further terms of 3 years
Reviews:
3% annual compounding and market review at option
Zoned:
Business 1 zoning
Land:
115sqm approximately

South Melbourne's business and retail sectors are experiencing strong growth with a range of mixed use developments such as the Clarendon Centre, the Spotlight development and the refurbishment of the South Melbourne Market recently completed and opportunities like that on offer at 286 Clarendon St are an increasingly rare commodity.