343 Clarendon StreetSouth Melbourne VIC 3205
Property Details for 343 Clarendon St, South Melbourne
Last Listing description (June 2022)
Colliers is pleased to present the opportunity to secure one of South Melbourne's most prominent and well exposed corner properties, 343 Clarendon Street offers an exemplary retail corner that as re-built to an incredibly high standard in 2019. This four-storey building boasts a legal basement speakeasy, ground floor, first floor, and rooftop with a total of 3 bars, multiple dining areas and a full commercial sized kitchen.
Positioned in the heart of South Melbourne and surrounded by South Melbourne's hospitality elite. The property sits on the iconic Clarendon Street within direct proximity to the renowned South Melbourne Market and the CBD.
Key features include:
- Fully Leased to international powerhouse restaurateur, Mr Jessi Singh who oversees and operates venues in New York City (Babu Ji), California (Bibi Ji), Sydney (Don't Tell Aunty), and Melbourne (Daughter in Law & Mrs Singh)
- Leased until May 2025 with 3x5 year options until 2040
- Total Net Income of $165,000 + GST + Outgoings with Fixed 4.0% annual increases, to market renewal
- An exemplary 4-level retail building that was re-built to the highest of standards in 2019.
- One of South Melbourne's most prominent and well exposed corners (Clarendon Street & Park Street) with 32m* of combined frontage.
- Well-serviced by Public Transport networks on Clarendon Street and Park Street providing substantial exposure, convenience, and foot traffic.
For Sale via Public Auction on Thursday 23 June at 12.30pm (AEST) on-site
To arrange an inspection or for more information please contact Colliers Melbourne City Sales team as the exclusive selling agents
Oliver Hay | +61 419 528 540
Alexander Leggo | +61 432 053 747
George Davies | +61 421 799 489
Joff Mithen | +61 430 759 406
International Enquiries:
International and mandarin speaking investors are warmly invited to contact Colliers Asia services desk:
Leon Ma | +61 417 070 725
*Approx
Property History for 343 Clarendon St, South Melbourne, VIC 3205
- 14 Jun 2022Sold for $3,900,000
- 20 May 2022Listed for Sale Please contact agent
- 21 Aug 2020Listed for Sale Contact Agent
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 12,876 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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