279-281 Clarendon Street & 24 Bank Place, South Melbourne, Vic 3205

279-281 Clarendon Street & 24 Bank Place, South Melbourne is a fully leased, dual-access property, radiating heritage charm and offering substantial income potential in one of Melbourne’s most vibrant precincts.

For sale by expression of interest, closing on Wednesday, 20th November 2024, at 12 pm (AEDT).

Land area: 367sqm*
Total Building Area: 1,484sqm*
NLA: 1,034sqm* (fully leased)

Key Features:
| Ground-level access via Clarendon Street, with upper levels accessible by elevator via Bank Place.
| Heritage charm with unparalleled views of the CBD and South Melbourne.
| Light-filled spaces across multiple levels with dual access.
| Stacked carparks accommodating up to four (4) cars.
| Fully leased, returning $526,000 net p.a. across all levels.

Nestled in the heart of South Melbourne, this property boasts prime exposure on bustling Clarendon Street, surrounded by cafes, restaurants, and retail. Its convenient access to public transport and proximity to the CBD make it an attractive investment in a highly sought-after location.

Nearby convenience:
+ South Melbourne Market: 500m (6-minute walk)
+ Southern Cross Station: 1.7 km
+ Albert Park Lake: 1.5 km (4-minute drive)
+ ANZAC Station (under construction): 2.2 km
+ M1 Freeway: 1 km 
+ Clarendon Street Shopping Precinct: Located just steps away, offering a range of cafes, restaurants, and retail outlets.
+ Crown Casino and Entertainment Complex: 1.5 km 
+ Melbourne Convention and Exhibition Centre: 1.3 km
+ Royal Botanic Gardens: 2.5 km
+ South Wharf DFO: 1.8 kilometres away (around a 6-minute drive), a popular shopping destination for brand-name discounts.

This is a rare opportunity to secure a versatile, income-generating asset in a thriving market.

Contact the exclusive Lemon Baxter agents below.

Paul O'Sullivan 
0412 410 366 | [email protected]

Hans Fan 
0401 882 621 | [email protected] 

Tom Burley 
0451 501 800 | [email protected]

*Approx