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387-399 City Road South Melbourne, VIC 3205

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387-399 City Road,
South Melbourne, VIC 3205

Offices • Showrooms & Large Format Retail • Shops & Retail

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THE ULTIMATE CITY FRINGE FREEHOLD INVESTMENT

  • OUTSTANDING LANDBANK OPPORTUNITY
  • GENEROUS CORNER SITE WITH HUGE FRONTAGE
  • FULLY LEASED TO TWO NATIONAL TENANTS
387-399 City Road, South Melbourne is located within a highly sought after city fringe location – just minutes from Melbourne’s CBD.
The property is within close proximity to South Melbourne Market and is a short distance from Cecil Street and the popular Clarendon Street retail precinct, which is home to a plethora of popular retailers, cafes, eateries and art galleries.




* Substantial land area of 1,220sqm* providing outstanding future development potential (STCA)
* Prominent two-level premium office investment offering lettable area of 1,339sqm*
* Fully leased to two quality tenants providing a current Income $410,880 p.a.*
* Favourable corner landholding with dominant dual street frontage of 82 metres*
* Convenient on grade car parking for 19 vehicles
* Located adjacent to Fishermans Bend, Australia’s largest urban renewal site and the next chapter in Melbourne’s growth story
* Fantastic future development opportunities (STCA)

To arrange an inspection or for more information, please contact CBRE Melbourne and Allard Shelton as the exclusive selling agents.

CBRE MELBOURNE
Josh Rutman 0499 881 202
Sandro Peluso 0418 389 7...
Lewis Tong 0421 870 833

ALLARD SHELTON
Joseph Walton 0417 309 3...
Michael Ryan 0433 180 199
James Gregson 0421 516 480
Patrick Barnes 0417 555 190

Property ID: 502678942Last Updated: 11 Nov 2021

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387-399 City Road
South Melbourne, VIC 3205
Allard Shelton - MELBOURNE
Level 3, 267 Collins Street
MELBOURNE, VIC 3000
CBRE - Melbourne
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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