Grayjohnson is pleased to offer in conjunction with Whiting & Co for private sale this versatile & well proportioned retail space.
Clarendon Street is one of the few remaining largely intact period retail strips with tangible capital upside due to the emerging mixed-use development within the block, underpinned by well established commercial activities.
The property boasts an attractive rendered Boom era façade balanced interior frontage to depth ratio of 1: 1.1, and 4.8m* internal ceiling height. Self contained with climate balanced strong room.
The opportunity:
Prime position on strip
Beautifully proportioned galleryesque style space of 102m²*
Self contained with climate controlled strong room
Rear access from Bank Place to aid materials handling
Rich period detailing throughout
Offered well below replacement cost
A genuine trophy asset
Occupy or invest - where the vendor will guarantee a net annual commencing
rent of $50,000 for an initial 2-year term of lease.
Zoned Commercial 1
The location:
Central Clarendon Street between Westpac, ANZ and CBA
Growing client demographic via new mixed-used development
Highly regarded neighbourhood with unrivalled upside
One block to The Clarendon Centre - home Coles and less than five minutes walk to the renowned South Melbourne Market, Dan Murphys, Spotlight and Woolworths
Conjunctional Agent:
Marcus Peters - 0418 337 051
Whiting & Co
*approx.
