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436 Clarendon St 2,153 SF Retail Building South Melbourne, VIC 3205 $902,125 ($419.05/SF) 5.50% Cap Rate
Investment Highlights
- Two-level heritage building with flexible use.
- Rooftop deck offering city views.
- Close to Albert Park Lake, MSAC, and boutique retail.
- Optional 3-year leaseback with strong returns.
- Rear laneway for added access and convenience.
Executive Summary
Rare double-storey Victorian property on Clarendon Street offering commercial and residential flexibility. Features rooftop deck, rear access, and optional 3-year leaseback at approx. 5.5% return. Surrounded by boutiques, dining, and close to Albert Park Lake.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,153 SF
Building Class
C
Price
$902,125
Price Per SF
$419.05
Cap Rate
5.50%
NOI
$49,617
Tenancy
Single
Building Height
2 Stories
Building FAR
1.98
Lot Size
0.02 AC
Frontage
19’ on Clarendon St
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436 Clarendon St
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