396 Clarendon StreetSouth Melbourne VIC 3205
Property Details for 396 Clarendon St, South Melbourne
Last Listing description (July 2017)
Double-fronted and ideally located on a prominent corner of bustling Clarendon Street, this solid, ground floor, strata-titled retail space is currently home to a busy, well-established tenant, with a valuable lease until 2019. (opt for Two (2) further terms of Three (3) years till 2025)
The modern fit-out comprises, at present, four air-conditioned consulting rooms, reception, staff kitchenette, spacious basement storage, two toilets, plus two secure garage carparks off a rear laneway.
A rare inner-Melbourne investment opportunity with the potential to look after itself.
Strata title
Approx. 11.5m Clarendon St frontage
Well-established tenant signed to 2019
Currently returning $88,490.64 per annum (GST INC)
Two secure car spaces and rear laneway access
Ample basement storage
Modern, attractive fit-out
Two WCs and kitchenette
Adjacent to public transport, cafes, boutiques and residential
115m2 ground floor plus basement
Inspection time:
1. 12/04/2017 1pm 130pm Wednesday
2. 19/04/2017 1pm 130pm Wednesday
3. 22/04/2017 1pm 130pm Saturday
4. 26/04/2017 1pm 130pm Wednesday
5. 29/04/2017 1pm 130pm Saturday
6. 3/05/2017 1pm 130pm Wednesday
7. 6/05/2017 1pm 130pm Saturday
8. 10/05/2017 1pm 130pm Wednesday
9. 13/05/2017 1030am - 11 am Saturday
10. 13/05/2017 AUCTION at 11am Saturday
Property History for 396 Clarendon St, South Melbourne, VIC 3205
- 07 Apr 2017Listed for Sale $1,200,000 - $1,300,000
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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