South Melbourne Investment, Boom Time for Tenant

358 Clarendon Street , South Melbourne VIC

Property Highlights

Near new lease to 2026 plus options
Annual fixed 3% rent increases
Diverse offering incl retail & office


Near new 5.5 year lease to August 2026 plus options to 2032.
Part of Yellow Brick Road Home Loans, a network of 75 locations Australia wide.
Yellow Brick Road Home Loans powered through the pandemic, with new loan settlements in the 6 months to 31 Dec 2021 up 71.2% compared to 2020 (1).
Strong and certain rental growth with fixed, compounding 3% increases.
Crown Casino complex, Grand Prix circuit, South Melbourne Market, Woolworths, Coles, Anzac Station, MSAC all within 1km.
Two tram routes past the front door, only 9-minute commute to Collins Street.
Residential building approvals up 39% compared to FY21 and population forecast to increase by 44% by 2041 (2)
Over $1.5 billion in nearby development completed, approved or proposed including over 100,000sqm* of new office space (3).
Opportunity for owner occupation in 104sqm first floor office.
South Melbourne: iconic inner-city locale, only 1.7km from Melbourne CBD.
Fully Leased Net Income: $83,115pa + GST

Two adjoining shops also available separately.
See separate listings for 360-362 Clarendon Street (Corner Park Street) and 356 Clarendon Street.
Buy one or buy all three.

For Sale by Private Treaty

2 id
3 Cordell Connect, Mazo, Urban Developer

Property Details

Current Tenant
Land Size
172 SQM
Building Area
223 SQM

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