An Investment which is State Land Tax Exempt & 5 yrs of rent increases @ 5%, providing true net returns from an established and esteemed tenant!

365-369, Clarendon Street, SOUTH MELBOURNE, VIC, 3205

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271 m2

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Overview

Contained within a classic post-war industrial shell boasting a 15 m* frontage to Clarendon Street, GrayJohnson is pleased to offer for immediate sale via EOI closing 27 March 2026, this long held and occupied retail/commercial investment.

Architecturally refurbished some 20 years back to provide a versatile open plan tenancy of 271m²* which features:
Vehicle cross over into premises via concertina glazed entrance doors, lofty mini orb ceiling, exposed roof trusses, clerestory windows, air-conditioning and polished concrete floors throughout.

The Opportunity:

> Well proportioned 271m²* Commercial 1 site dimension 15.11 x 18 m* with no current Design & Development Overlay.
> Versatile single-level improvements of 271m²*.
> Renewed 5 year lease from 15 July 2025 to Sacred Heart Mission Incorporated – in situ since 2008.
> Built in 5% annual rent escalations seeing the rent as of July of $145,979 escalate to $168,989 pa at the beginning of the final term of lease.
>State Land Tax exempt providing a true net rent return.

Location:

> Nearest cross Street Park Street.
> Genteel yet prominent and highly accessible.
> Easy access to Kingsway and M1.
> Amenities aplenty at your door or marginally distant.

*approx.

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Key Details

Status

For Sale

Type

Retail

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CHILDCARE MARKET SECTOR

BE SEEN, BE SUCCESSFUL

Prominent Main-Road Warehouse/Office This property enjoys a prime position within the Heidelberg West Business Park, an established and tightly held industrial precinct just south of La Trobe University, some 15

Their interests are our priority

David Ellis

PAE Investments Pty Ltd

The asset management team helped us bring the building up to scratch, and we had plenty of interest, lots of inspections and positive feedback. We sold at the top of the range with multiple offers on the table. Senior Asset Manager, Marcel, was our key game player, Matt was a great coach & our long-term financial goal is on track.

Di & David Haggett

Communication throughout was first class. They helped us understand the market, our options and fought hard to get us a great price. We would highly recommend GrayJohnson if you’re looking for a commercial property partner.

Peter Kirkpatrick

Charter Keck Cramer

To date, they have achieved just shy of $20 million in sales, for 27 properties and have just been appointed to sell another. We wouldn’t hesitate to recommend Matt, Rory and their team at Gray Johnson to sell your commercial property.

Egbert Pereira

EPA Group Accountants

Matt was exceptional. He helped me understand the commercial market challenges, seller expectations and intricate purchasing processes at auction to secure the purchase. Promptness and clear communications were some amazing visible qualities.

Tony Licciardi

Safetynet Investments

Thoroughly professional, they keep you informed through out the leasing process, they will do the hard yards to secure a tenant that will suit your premises. I cannot highly recommend GrayJohnson any more for they work hard to achieve the best outcome for their clients.

Edward McDermott

DCM Lawyers

GrayJohnson were able to find us our new offices quickly and diligently. They continue to be professional and reliable in the management of our tenancy and are always available to assist with any matter if required.

Matt Marshall

Smart Freight

Rory White helped us sell our offices in Richmond. He was professional, accessible and passionate about getting a good result (which he did). I would definitely use again.

Trent O'Sullivan

Balance Advertising

I loved the fact that they had my back, negotiated hard and kept me up to speed through the whole process. The fact is they know what they're talking about, they have the insights and I benefited from that.

Sonya Miller

Armitage Jones

We would like to put on record our genuine appreciation and commendation for the services provided by the GrayJohnson sales team. The final negotiations were handled with the utmost professionalism and skill.

Matt Power

Balance Property Partners

GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.

Melbourne

Level 7, 41 Exhibition Street, Melbourne 3000

Tel: 03 9654 3022

Kew

657 High Street, Kew East 3102

Tel: 03 9817 1144

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