356 Clarendon StreetSouth Melbourne VIC 3205
Property Details for 356 Clarendon St, South Melbourne
Last Listing description (May 2022)
Recently renewed 5-year lease to August 2026 plus option to 2031.
South Melbourne Bakery: iconic essential service tenant.
Fully leased shop and 2-bedroom first floor residence.
Immaculately presented investment with generous covered alfresco area.
Crown Casino complex, Grand Prix circuit, South Melbourne Market, Woolworths, Coles, Anzac Station, MSAC all within 1km.
Two tram routes past the front door, only 9-minute commute to Collins Street.
Residential building approvals up 39% compared to FY21 and population forecast to increase by 44% by 2041 (1).
Over $1.5 billion in nearby development completed, approved or proposed including over 100,000sqm* of new office space (2).
South Melbourne: iconic inner-city locale, only 1.7km from Melbourne CBD.
Net Income: $76,680pa + GST
Two adjoining shops also available separately.
See separate listings for 358 Clarendon Street and 360-362 Clarendon Street (Corner Park Street).
Buy one or buy all three.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room
*Approx
1 .id
2 Cordell Connect, Mazo, Urban Developer
Property History for 356 Clarendon St, South Melbourne, VIC 3205
- 11 May 2022Sold for $1,900,500
- 12 Apr 2022Listed for Sale Price on Request
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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