32-36 River Street
South Yarra, VIC 3141

This property represents a rare and versatile opportunity located in one of South Yarra's most sought-after precincts. The offering consists of two prime commercial sites sold together in a single line, providing a substantial landholding of 616 square metres. The site benefits from excellent exposure and convenient onsite parking, with four car spaces available.

Currently, the properties are fully tenanted, delivering a strong and reliable rental income. This makes the acquisition particularly attractive for investors seeking immediate returns. The leases for the two sites are secured until late 2029 and early 2030, ensuring stable income streams for the foreseeable future.

Specifically, 32-34 River Street is leased until December 2029 with an annual rent of $176,113, while 36 River Street is leased until January 2030 with an annual rent of $78,441. Together, these leases provide a robust financial foundation for the investment.

Beyond the current tenancy, the site’s central location and high-profile positioning offer considerable potential for developers. The significant land size presents opportunities for redevelopment or future enhancement, making it a compelling prospect in one of Melbourne's most vibrant and dynamic suburbs.

Investors and developers alike will appreciate the combination of immediate income and long-term potential that this commercial site offers. Its strategic location within South Yarra, combined with the secure leases and ample land area, positions it as a valuable asset in the commercial property market.