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Investment Highlights

  • Opportunity for future value enhancement through apartment refurbishment or strata subdivision
  • Anchor tenant Florsheim Australia, backed by NASDAQ-listed Weyco Group.
  • Positioned in a major retail strip surrounded by leading national retailers and lifestyle amenities.
  • Fully leased investment with diversified income from retail and residential uses.

Executive Summary

Fully leased mixed-use corner freehold with diversified retail and residential income located in South Melbourne.The property occupies a high-profile corner position on Clarendon Street and Bank Street in South Melbourne. It consists of two retail tenancies and two residential units across four titles, delivering income security and long-term potential. Positioned within a tightly held inner-city precinct, it benefits from strong connectivity to Melbourne CBD, Southbank, and surrounding high-density residential areas.

Property Facts

Sale Type Investment
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.06 AC
Building Size 4,844 SF
No. Stories 3
Tenancy Single
  • Listing ID: 40702210

  • Date on Market: 5/28/2026

  • Last Updated:

  • Address: 187 Bank Street, South Melbourne, VIC 3205

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