392 Clarendon Street South Melbourne VIC 3205

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 m²*.

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