Ground Floor, 396 Clarendon Street,
South Melbourne, VIC 3205

Broad fronted modern retail premises and showroom situated on the ground floor of a classic period boutique development. Delightfully situated on the leafy corner of Napier Street plus basement area (which is in addition the 115m2) the property is leased to Neoskin Australia Pty Ltd and currently returning $53,540 per annum.- lease expiring
31/03/2010. This lease features 4% annual increases, and three further terms of lease each of three years. The property has public transport at the door and offers easy access to the CBD, Southbank's arts and entertainment precinct and all major arterials. It also comes with 2 onsite car parking spaces in tandem. A sound well located property with upside by way of rent; and
clearly has potential to subdivide into two smaller retail spaces if and when it were ever to become vacant.