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

Description

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

*Approx
1 YBR
2 id
3 Cordell Connect, Mazo, Urban Developer

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
172 SQM
Building Area
223 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights