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Overview
365-369 Clarendon Street, SOUTH MELBOURNE
This commercial property is a well-established retail/commercial investment located within a classic post-war industrial building. It features a 15 meter frontage to Clarendon Street and offers a versatile open plan tenancy of approximately 271 square meters. The building was architecturally refurbished around 20 years ago to enhance its functionality and appeal.
The premises include a vehicle crossover with concertina glazed entrance doors, a lofty mini orb ceiling, exposed roof trusses, clerestory windows, air-conditioning, and polished concrete floors throughout, providing a modern and practical environment suitable for various commercial uses.
The site is well-proportioned with dimensions of approximately 15.11 by 18 meters and is classified as a Commercial 1 zone with no current Design & Development Overlay, offering flexibility for future development or use.
The property benefits from a renewed five-year lease commencing 15 July 2025 with Sacred Heart Mission Incorporated, a tenant who has occupied the premises since 2008. The lease includes built-in annual rent escalations of 5%, with the rent increasing from $145,979 to $168,989 per annum by the start of the final lease term. Additionally, the investment is state land tax exempt, providing true net rental returns to the owner.
Located in a genteel yet prominent and highly accessible area, the property is near the intersection with Park Street and offers easy access to Kingsway and the M1 freeway. Amenities are plentiful either at the doorstep or within a short distance, enhancing the convenience for tenants and visitors alike.
This offering presents an excellent opportunity for investors seeking a secure, long-term commercial investment with reliable income growth and tax advantages in a sought-after Melbourne location.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
South Melbourne VIC 3205
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 271 m² |
Market Insights for South Melbourne VIC 3205
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