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
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
In my four decades across the Melbourne property landscape from selling some of the CBD’s first apartments in 1984 to my current role at GrayJohnson I’ve seen every cycle the
Level 7, 41 Exhibition Street, Melbourne 3000
Tel: 03 9654 3022
Tel: 03 9817 1144
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