338-340 Clarendon Street,
South Melbourne, VIC 3205

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Map of 338-340 Clarendon Street

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ICONIC EMERALD HILL INVESTMENT LEASED TO BENDIGO BANK

Leased to Bendigo Bank (MKT CAP $5.50B*)
Favourable lease structure
Future potential for development (STCA)

- 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 further information please contact the exclusive sales and marketing agents at CBRE:

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Jing Jun (JJ) Heng 王敬君
+61 411 059 116
jj.heng@cbre.com.au

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

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