338-340 Clarendon StreetSouth Melbourne VIC 3205
Property Details for 338-340 Clarendon St, South Melbourne
Last Listing description (December 2021)
- 100% leased to publicly listed national tenant Bendigo Bank (MKT CAP. $5.50B*)
- Net annual income of $209,803^ with fixed 3% annual rental increases
- Favourable lease structure with all outgoings paid by the tenant (including land tax)
- Positioned in the heart of the iconic Emerald Hill precinct, benefiting from 24-7 trading conditions supported by a strong residential population, office precinct & tourism hot spots Albert Park & the South Melbourne Markets
- Under-developed dual fronted landholding of some 276sqm*, with 10m* of Clarendon Street frontage and untapped future potential for development (STCA)
- Situated in one of Melbourne's highest growth locations, with in excess of 1,800* residential dwellings currently under construction in the immediate area
*Approximately
^Approx. Income as at 1st July 2018
For further information please contact the exclusive sales and marketing agents at CBRE:
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Property History for 338-340 Clarendon St, South Melbourne, VIC 3205
- 02 Sep 2021Listed for Sale SOLD - $3,950,000
- 05 Mar 2020Listed for Rent - Price not available
- 29 Mar 2018Sold for $3,950,000
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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 12,921 properties. Over the last 5 years, Houses in South Melbourne have seen a -2.61% decrease in median value, while Units have seen a 1.68% increase. As at 30 June 2026:
- The median value for Houses in South Melbourne is $1,689,377 while the median value for Units is $624,560.
- Houses have a median rent of $825 while Units have a median rent of $675.
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