Superb South Melbourne Freehold Investment

Fitzroys is pleased to offer this prime 2 storey freehold investment located at 283 Clarendon Street, South Melbourne for sale by Public Auction on Wednesday 22nd June at 11.30am.

The key attributes of this offering include:

• Rare freehold commanding a prime position within Clarendon Street retail and lifestyle centre which services the growing residential and commercial catchments
• 5 + 5 + 5 year lease to established operator, trading as ‘Chepavi Grill’
• Rent: $78,785 per annum plus GST and outgoings (as of 1st August 2022)
• Modern improvements over 2 levels, totalling 166sqm*
• Rear access via Bank Place plus on-site car parking
• Land area: 165sqm*
• Favourable Commercial 1 Zoning (C1Z) with value-add prospects (STCA)
• Convenient access to the CBD
• Within walking distance to South Melbourne Market, Albert Park Lake, Melbourne Sports & Aquatic Centre and St Kilda Road
• Exciting opportunity to acquire a prime freehold investment in the thriving city fringe lifestyle precinct, surrounded by all major banks, Coles, Chemist Warehouse, Gazman, Grill’d, Hunky Dory, 7 Eleven, as well as a host of popular eateries

*Approx.