35 Clara Street,
South Yarra, VIC 3141
Development Sites & Land • Other
Detailed listing
Key property information
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Floor area
Property extent
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Sold on
JLL - Melbourne
Level 33, 101 Collins StreetMELBOURNE, VIC 3000
35 Clara Street
South Yarra, VIC 3141
Detailed listing
Map of 35 Clara Street
Proudly SOLD by JLL
- Whole Block of 12 Large Apartments
- Strategic Redevelopment Opportunity
- A Proven Residential/Lifestyle Location
JLL Capital Markets is delighted to offer for sale this trophy investment/development opportunity situated within one of Melbourne’s premier residential suburbs at 35 Clara Street, South Yarra.
Key details of the opportunity include:
· A whole block of 12 oversized one-bedroom apartments with opportunity for passive holding, refurbishment or redevelopment
· Potential to secure $200,748* per annum of income with South Yarra being one of Melbourne’s most hotly contested rental markets
· Commanding corner site of 651sqm* with frontages to Clara Street, Oxford Street and Oxford Lane
· Significant redevelopment potential that is suitable for numerous residential options (STCA)
· Strategically located within an affluent and established residential pocket, accessible via Chapel Street and Toorak Road which boast an extraordinary selection of shopping, café and culinary options
· Excellent transport linkages including tram services along Toorak Road and Chapel Street and the South Yarra Train Station and Hawksburn Train Station within close proximity.
· South Yarra is an incredibly buoyant residential suburb that has experienced significant uplift in value, reflected by the strong median house price of $2,295,000 being 1.3 times higher than the metropolitan Melbourne average
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Josh Rutman | 0411 27 37 ...
Tim Carr | 0415 767 9...
Mingxuan Li 李名 轩 | 0498 688 998
*Approx
Key details of the opportunity include:
· A whole block of 12 oversized one-bedroom apartments with opportunity for passive holding, refurbishment or redevelopment
· Potential to secure $200,748* per annum of income with South Yarra being one of Melbourne’s most hotly contested rental markets
· Commanding corner site of 651sqm* with frontages to Clara Street, Oxford Street and Oxford Lane
· Significant redevelopment potential that is suitable for numerous residential options (STCA)
· Strategically located within an affluent and established residential pocket, accessible via Chapel Street and Toorak Road which boast an extraordinary selection of shopping, café and culinary options
· Excellent transport linkages including tram services along Toorak Road and Chapel Street and the South Yarra Train Station and Hawksburn Train Station within close proximity.
· South Yarra is an incredibly buoyant residential suburb that has experienced significant uplift in value, reflected by the strong median house price of $2,295,000 being 1.3 times higher than the metropolitan Melbourne average
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Josh Rutman | 0411 27 37 ...
Tim Carr | 0415 767 9...
Mingxuan Li 李名 轩 | 0498 688 998
*Approx
South Yarra, 3141 demographic data
The median household income for South Yarra is $2,063, 9% higher than Greater Melbourne's household income of $1,901. South Yarra has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 47% of property owners in South Yarra have a mortgage.
25,028
Population
$2,063 per week
Median household income
33 years
Median age
Renters
Most residents
Singles
Most households
JLL - MelbourneLevel 33, 101 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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