For Sale

SOUTH MELBOURNE

436 Clarendon St

Complete the Picture!

• Ideal "work + live" opportunity
• Huge Potential to Add Value
• Optional 3 year lease back available

Kelly & Kelly Property is excited to present a unique property that promises a blend of heritage charm and modern potential. This double-storey Victorian treasure is poised for a transformative touch to realise its full value.

Property Highlights:
* Land Area: Approximately 101m²
* Building Size: Approximately 200m² across two levels, offering ample room for both commercial and residential designs.
* Zoning: Desirable Commercial 1 zoning.
* Investment Potential: Optional 3 year leaseback at ~5.5% return (~$70k pa)
* Panoramic Rooftop Views: Unwind or entertain on the rooftop deck with amazing views.
* Convenient Rear Access: Laneway access provides additional flexibility and convenience.
* Easy living: Recently renovated bathroom and attic room

Prime Location: Strategically situated at the southern end of Clarendon Street, near the Melbourne Sports and Aquatic Centre (MSAC) and Albert Park Lake, this property stands as one of five historic Victorian-era edifices opposite the esteemed Coppersmith Hotel, surrounded by thriving boutique businesses and premium residential dwellings.

Opportunity Awaits: Seize the chance to infuse your vision into a property with significant groundwork already laid, requiring only the final touches to realise its full potential. It's an ideal prospect for businesses seeking a prestigious ground floor presence with the flexibility to transform the upper levels into residential spaces or other creative uses. The bathroom and attic have been recently renovated.

Investment Potential: Optional 3-year leaseback at approximately 5% return ($70k per annum lease) or take vacant possession.

Desirable Amenities: This coveted spot is within a leisurely stroll to a suite of amenities, making it a highly sought-after location for those desiring an urban retreat or a strategic business locale.

Whether you're seeking a strategic business location or a distinctive inner-city retreat, this property represents an unparalleled opportunity to capitalize on its existing foundation and prime position.

Contact Kelly & Kelly Property today to secure your chance to explore the potential of this remarkable property.