240 Dorcas Street South Melbourne VIC 3205

Stonebridge Property Group are pleased to present for sale 240 Dorcas Street, South Melbourne.

Key highlights include:

- A high quality set and forget city fringe investment tenanted to highly rated National jewellery group Unique Diamonds

- Providing net annual income of $46,350* through a 3-year lease with fixed 3% annual rental increases

- An extensively renovated 80sqm* retail space located on the well exposed corner of Dorcas & Union Streets

- Unique Diamonds is an established operator with stores throughout Melbourne and Canberra, specialising in gold & diamond trading, jewellery appraisals, custom design and repairs

- Strategically located just 90m* from the retail backbone of South Melbourne - Clarendon Street, providing high levels of foot traffic to Unique Diamonds

- Positioned on the ground floor of 'The Record' building a highly desirable development designed by award winning architect Rothelowman and comprising 32 residences

- Located walking distance from Victoria's famed South Melbourne markets and only a 6-minute tram ride to the Melbourne CBD

- Strong potential investment return of 5%+ vs South Melbourne residential returns of 2%-3%

*Approximately

240 Dorcas Street, South Melbourne is for sale via Public Onsite Auction Saturday 7th August 2021 at 12:00pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents Stonebridge Property Group.

Dylan Kilner
0459 396 341

Nic Hage
0448 782 594

Property Code: 268