177 Clarendon Street,
South Melbourne, VIC 3205

This well positioned retail investment offers security today and strong growth into the future. The building is securely leased to an established lessee operating a successful Day Spa. This property has a significant investment in infrastructure and is particularly well suited to the Health, Beauty and Medical sectors into the future.

SECURITY TODAY
Your new investment is currently returning $52,000 net per annum plus GST on a new 3 year lease which commenced in March 2008 and which provides personal guarantees plus 2 months security bond with annual 4% increases. The property is set to deliver a good return on investment in the short to medium term.

STRONG GROWTH PROSPECTS
This substantial period style building comprises 7 main rooms and amenities to both floors plus separate pedestrian access to the first floor from Clarendon Street. It is further enhanced by up to 4 on-site car parks in stacked formation via rear laneway access from Market Street. Situated between the focal point of Clarendon Street retail and the newly refurbished South Melbourne Market, the Spotlight Centre and Southbank's ever evolving expansion southwards, this is one of Melbourne's hot spots for investment and occupancy and this property offers still further development opportunity (STCA).
With the South Melbourne Central Planning Initiative promising still more growth options for the immediate area, and a host of recent redevelopment projects either completed or nearing completion this particular precinct of South Melbourne has been revitalised to become a destination of choice for both retail and commercial investors.

Land: 155 square metres
Building: 155 square metres
Zoning: Business 1