288 Clarendon StreetSouth Melbourne VIC 3205
Property Details for 288 Clarendon St, South Melbourne
Last Listing description (August 2023)
Rare dual purpose shop and dwelling in prime position within Clarendon Street retail and lifestyle centre.
Surrounded by major banks, Coles, Chemist Warehouse, Gazman, Grill'd, Hunky Dory, 7 Eleven, as well as a host of popular eateries.
Offering dual income streams with the ground floor restaurant having excellent rear access via Emerald Hill Place to a double garage. Upstairs dwelling also has separate rear entrance.
Ground floor: 3 + 3 year lease (commenced 16.6.21) currently returning $64,272 PA + GST.
First floor: Comfortable 2 bedroom + study dwelling with outdoor terrace that is currently vacant and offers a potential return of approx. $20,000 PA.
- Favourable Commercial 1 Zoning with value-add prospects (STCA)
- Building area: 195 sq.m approx.
- Land area: 180 sq.m approx.
Property History for 288 Clarendon St, South Melbourne, VIC 3205
- 01 Feb 2023Listed for Sale Contact Agent
- 08 Jan 2021Listed for Rent - Price not available
Recent sales nearby
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0About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. There are 15 parks, covering nearly 3.3% of the total area. The population of South Melbourne in 2016 was 10920 people. By 2021 the population was 11548 showing a population growth of 5.8% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation.In 2021, 42.40% of the homes in South Melbourne were owner-occupied compared with 40.20% in 2016.
South Melbourne has 12,875 properties. Over the last 5 years, Houses in South Melbourne have seen a 1.10% increase in median value, while Units have seen a 3.74% increase. As at 31 May 2026:
- The median value for Houses in South Melbourne is $1,736,032 while the median value for Units is $635,102.
- Houses have a median rent of $825 while Units have a median rent of $675.
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