242 Clarendon StreetSouth Melbourne VIC 3205
Property Details for 242 Clarendon St, South Melbourne
Last Listing description (October 2023)
Lemon Baxter are delighted to offer 242-244 Clarendon St, South Melbourne for sale.
Occupied for 20 years by longstanding high end eyewear company, Bellochio, the two level property also includes a 5 year lease to Rainbow Tobacconist and first floor offices/residence.
This property boasts a coveted corner location that not only provides excellent visibility but also marks it as a key entry point to the lively South Melbourne Market. With its prime position in a Commercial 1 Zone, the site has easy access to major arterials including the West Gate Freeway and Kings Way.
Please contact our exclusive selling agents for further information or to book an inspection.
Property History for 242 Clarendon St, South Melbourne, VIC 3205
- 27 Jun 2024Sold for $3,300,000
- 25 Aug 2023Listed for Sale Contact Agent
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0About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2011 was 9,317 people. By 2016 the population was 10,892 showing a population growth of 16.9% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation. In 2011, 44.8% of the homes in South Melbourne were owner-occupied compared with 40.2% in 2016.
South Melbourne has 11,214 properties. Over the last 5 years, Houses in South Melbourne have seen a 35.74% increase in median value, while Units have seen a 2.45% increase. As at 31 August 2024:
- The median value for Houses in South Melbourne is $1,791,704 while the median value for Units is $597,361.
- Houses have a median rent of $750 while Units have a median rent of $625.
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