Unmatched South Melbourne Potential for Investors and/or Owner-Occupiers
279-281 Clarendon Street & 24 Bank Place, South Melbourne is a dual-access property offering heritage charm and income potential in one of Melbourne’s most vibrant precincts.
Land area: 372sqm*
Tota Building Area: 1,484sqm*
NLA: 1,034sqm* (517sqm* vacant)
Key Features:
| Ground-level access via Clarendon Street, upper levels accessible by elevator via Bank Place.
| Heritage charm with stunning views of the CBD and South Melbourne.
| Light-filled spaces across multiple levels with dual access.
| Stacked carparks accommodating up to four (4) cars.
| Currently returning $353,832* net p.a, if fully leased returning $526,382* net p.a.
| Three levels are leased; two vacant levels, ideal for owner-occupiers or investors.
Nestled in the heart of South Melbourne, this property boasts prime exposure on bustling Clarendon Street, surrounded by cafes, restaurants, and retail. Convenient access to public transport and close proximity to the CBD makes this a highly desirable location.
The convenience (approximate):
+ 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.
Don’t miss this rare opportunity to secure a versatile property with strong income potential in a thriving market.
Contact the exclusive Lemon Baxter agents below.
Paul O’Sullivan
0412 410 366 | paul@lemonbaxter.com.au
Hans Fan
0401 882 621 | hans@lemonbaxter.com.au
Tom Burley
0451 501 800 | tom.burley@lemonbaxter.com.au
*Approx
