Sold
Prime Retail Corner Leased to International Hospitality Powerhouse
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343 Clarendon Street, South Melbourne VIC 3205

Last Asking Price - $3,500,000

RetailSize: n/a
Block size: 113 m² approx.
Colliers is pleased to present the opportunity to secure one of South Melbourne's most prominent and well exposed corner properties, 343 Clarendon Street offers an exemplary retail corner that as re-built to an incredibly high standard in 2019. This four-storey building boasts a legal basement speakeasy, ground floor, first floor, and rooftop with a total of 3 bars, multiple dining areas and a full commercial sized kitchen.

Positioned in the heart of South Melbourne and surrounded by South Melbourne's hospitality elite. The property sits on the iconic Clarendon Street within direct proximity to the renowned South Melbourne Market and the CBD.

Key features include:

- Fully Leased to international powerhouse restaurateur, Mr Jessi Singh who oversees and operates venues in New York City (Babu Ji), California (Bibi Ji), Sydney (Don't Tell Aunty), and Melbourne (Daughter in Law & Mrs Singh)

- Leased until May 2025 with 3x5 year options until 2040

- Total Net Income of $165,000 + GST + Outgoings with Fixed 4.0% annual increases, to market renewal

- An exemplary 4-level retail building that was re-built to the highest of standards in 2019.

- One of South Melbourne's most prominent and well exposed corners (Clarendon Street & Park Street) with 32m* of combined frontage.

- Well-serviced by Public Transport networks on Clarendon Street and Park Street providing substantial exposure, convenience, and foot traffic.

For Sale via Public Auction on Thursday 23 June at 12.30pm (AEST) on-site


To arrange an inspection or for more information please contact Colliers Melbourne City Sales team as the exclusive selling agents

Oliver Hay | +61 419 528 540
Alexander Leggo | +61 432 053 747
George Davies | +61 421 799 489
Joff Mithen | +61 430 759 406

International Enquiries:
International and mandarin speaking investors are warmly invited to contact Colliers Asia services desk:
Leon Ma | +61 417 070 725

*Approx

Inspections

No open inspections scheduled.

Send an enquiry

Contact Oliver Hay to learn more about this property, request an inspection or take an online tour.

Key details

Property Type:Retail
Lot:3
Plan:PS331245
Block Size:113 *
*These are approximate values based on available information.
Colliers International Melbourne

Maps and area information

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Block information
Block size: 113 (approx)
Legal description: 3\PS331245
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2022.
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Property history

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Property History
15 Jun 2022
Sold
Colliers International Melbourne
Listed: 20/05/2022
Block size: 113m²
Transfer type: Full transfer

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About South Melbourne

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Average Age
37 years
Population
10,920
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Contact agents

Colliers International Melbourne

Colliers International Melbourne

View agency details
Oliver HayColliers International Melbourne
Leon MaColliers International Melbourne
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Listing ID: 180648257. This listing has been viewed 2 times. It was first displayed on 20/05/2022 and last updated on 15/06/2022.