392 Clarendon StreetSouth Melbourne VIC 3205
Property Details for 392 Clarendon St, South Melbourne
Last Listing description (March 2022)
Colliers Melbourne City Sales Team are pleased to offer for sale 392 Clarendon Street, South Melbourne a four (4) level character-filled building underpinned by a long lease to highly reputable tenant, 'Body Freedom Urban Spa & Clinic'.
Key features of this premium retail investment include:
A striking four (4) level character-filled building of 307 m*.
Fully leased to ''Body Freedom Urban Spa & Clinic' until March 2029 with 3x5 year options extending to 2044.
Estimated Net income as of Jul 1st 2022 is: $127,265 plus fixed 4.00% annual rental increases.
Premium City Fringe location on South Melbourne's most iconic retail strip and walking distance to the South Melbourne Market, Albert Park Lake, Melbourne Sport and Aquatic Centre and the Melbourne CBD.
Rear laneway access with two (2) 'off street' car spaces.
Favourable Commercial 1 Zone provides flexibility for a multitude of future uses including office, retail and residential (STCA).
Highly accessible location via the Clarendon Street tram route, Kings Way, South Melbourne's Light-Rail and the upcoming ANZAC Railway Station (part of the Melbourne Metro Tunnel Project).
392 Clarendon Street, South Melbourne is offered for sale via Public On-Site Auction to be held on-site Friday 1st April 2022 at 10.30am (AEDT).
For more information regarding this opportunity please contact Colliers as the exclusive selling agents below:
George Davies | +61 421 799 489
Tom Isaksson | +61 422 154 570
Alexander Leggo | +61 432 053 747
International and Mandarin speaking investors are warmly invited to contact Colliers Asia Services Desk
Leon Ma | +61 417 070 725
*Approx.
^ As of July 1 2022
Property History for 392 Clarendon St, South Melbourne, VIC 3205
- 25 Mar 2022Sold for $3,150,000
- 25 Feb 2022Listed for Sale Please contact agent
- 14 Oct 2016Listed for Sale Contact Agent
Recent sales nearby
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About 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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