305 Coventry Street,
South Melbourne, VIC 3205
Shops & Retail
Key property information
Land area
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Stonebridge Property Group - Melbourne
Level 19, 627 Chapel StreetSOUTH YARRA, VIC 3141
305 Coventry Street
South Melbourne, VIC 3205
Map of 305 Coventry Street
South Melbourne Investment With 10-Year Lease to Proven Tenant
- Fronting South Melbourne Market
- Freehold Title + Rear Access
- Strategic Retail Location
Stonebridge Property Group is pleased to present for sale 305 Coventry Street, South Melbourne.
The key highlights of the opportunity include:
- 100% leased to Market Lane Coffee, a highly popular and established café business (est. 2009) with 9 locations throughout Victoria
- Market Lane Coffee lease the property on a 10-year term with one further five-year option (through to 2032) and favourable 4% increases
- The prominent double level building boasts rear access providing separate access to level one which is currently utilised as office space
- Positioned directly opposite the famed South Melbourne Markets, attracting more than 5.5 million visitors per year and providing a constant customer base for Market Lane Coffee
- Providing scope for a future 4 level mixed use development (STCA)
- Located at the heart of South Melbourne’s prestigious café and retail precinct home to a number well regarded hospitality operators
305 Coventry Street, South Melbourne is offered for sale via Public On-site Auction Wednesday 22nd November 2023 at 10:30am (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 5...
Sarah Xi
0468 320 297
Rorey James
0439 400 0...
*Approximately
Property Code: 794
The key highlights of the opportunity include:
- 100% leased to Market Lane Coffee, a highly popular and established café business (est. 2009) with 9 locations throughout Victoria
- Market Lane Coffee lease the property on a 10-year term with one further five-year option (through to 2032) and favourable 4% increases
- The prominent double level building boasts rear access providing separate access to level one which is currently utilised as office space
- Positioned directly opposite the famed South Melbourne Markets, attracting more than 5.5 million visitors per year and providing a constant customer base for Market Lane Coffee
- Providing scope for a future 4 level mixed use development (STCA)
- Located at the heart of South Melbourne’s prestigious café and retail precinct home to a number well regarded hospitality operators
305 Coventry Street, South Melbourne is offered for sale via Public On-site Auction Wednesday 22nd November 2023 at 10:30am (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 5...
Sarah Xi
0468 320 297
Rorey James
0439 400 0...
*Approximately
Property Code: 794
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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
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
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