Occupy or Invest.
2 storey Shop/Office of approx 130 sqm lettable area located in the Clarendon Street / Albert Park Lake precinct this highly sought budget priced property can be owner occupied or re-leased. Vacancies in this Village style location are always low with a strong surrounding high disposable income client base.
Lease:
Rear lane access
Excellent location close to Park St, Albert Rd and Public Transport via Tram along Clarendon St, Park St and Albert Rd Tram. 1.5 k from CBD.
Terms 10% deposit Balance 60 days
Disclaimer:
We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers/lessees are advised to carry out their own investigations.
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:
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