279-281 Clarendon Street
South Melbourne

Contact agent for details

Property Features

Property ID: 3154739

Building Size
321 m2

Two Shops, One Lessee, multiple options and enormous upside in separating the ground and first floor tenancies and developing above and behind as wel

Land area 367m2 approx. Two shops leased as one and returning $137,540.88 per annum net plus GST (at settlement) on a four (4) year lease commenced 14th September 2014 for four years with two further terms of four years. CPI annual increases with market reviews at options.

Inspect by appointment only Wednesdays 10:30-11:00am or 2:30-3:00pm.

Currently held under 1 lease the shops are topped by two residential tenancies. The head Lessee, The Blue Room is a well-known and very successful modern Australian restaurant with a Mediterranean influence, located in the heart of South Melbourne and is a family owned and run business established 1997. 2 street frontage, Bank Place at the rear.

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.

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