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343 Clarendon Street South Melbourne VIC 3205

  • Shop & Retail
  • 300 m²
  • For Sale, Contact Agent

FORTHCOMING | HIGH QUALITY RETAIL CORNER LEASED TO EXPERIENCED RESTAURATEUR - REGISTER YOUR INTEREST | VIRTUALLY INSPECT | SET UP VIDEO MEETING

  • 3 Highly Exposed Street Frontages
  • Leased to International Powerhouse
  • New 5-Year Net Lease

+ An exemplary retail corner that was re-built (to the highest of standards) in 2018 to include 4 immaculately appointed levels, each with their own unique offering and multiple outdoor dining areas

+ Leased by experienced international restaurateur Mr Jesse Singh, who oversees and operates venues in New York City (Babu Ji), California (Bibi Ji), Sydney (Dont Tell Aunty) and Melbourne (Daughter In Law & Mrs Singh)

+ The proven operator taking the world by storm, has secured the property on a new 5 year lease with fixed 4% annual increases, providing a net annual income of $160,825* + GST + Outgoings (after land tax)

+ The multifaceted retail building is set to incorporate a bottle shop, iconic unauthentic Jesse Singh Indian restaurant, corner café and private function space

+ Arguably one of South Melbournes most prominent and well exposed corners with 32 metres* of combined frontage and the benefit of rear council car park

+ Positioned in the top end of South Melbourne and surrounded by hospitality elite Park Street Pasta & Wine, Bellota Wine Bar and Wynyard & James

+ Tram stops on every point of the Park/Clarendon Street intersection provide substantial exposure, unparalleled convenience and importantly, guaranteed foot traffic for Jesse Singhs hottest suburban venue

For information please contact the exclusive sales and marketing agents:

Rorey James
+61 439 400 081

Nic Hage
+61 448 782 594

Jing Jun Heng
+61 411 059 116

* Approx

Property Highlights

Property ID2016451406
Floor Area300 m²
Land Area114 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  24 Aug 2020
Map for 343 Clarendon Street South Melbourne VIC 3205
Map for 343 Clarendon Street South Melbourne VIC 3205343 Clarendon Street South Melbourne VIC 3205
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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