SOLD
Sold on 19 Sep 2024 for $530,000

17/25 Claremont Street
South Yarra VIC 3141

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 94m2
Land area: 93m2
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Property Details for 17/25 Claremont St, South Yarra

Building Type
Commercial
Year Built
2013
Floor Size
94m2
Land Size
93m2
Local Government
Stonnington
Lot/Plan
17/PS524351

Last Listing description (November 2019)

A fantastic opportunity to purchase a premium office investment property in the heart of South Yarra's bustling Toorak Road retail precinct that is currently leased to The Healthy Grain Pty Ltd who is a leader in the provision of natural, nutritionally dense, patented wholegrainsthat enhance the health and wellbeingof people around the world.For further information please go to: www.thehealthygrain.com/

The property features;

- Light filled tenancy consisting of 94m2*
- 3 on site & allocated car spaces
- Customer parking along Claremont Street
- Air-conditioning and heating
- South Yarra train station at the end of the street
- Part of the South Yarra Toorak Road retail precinct

Lease Summary;
- Tenant: The Healthy Grain Pty Ltd
- Lease Term: Three (3) year lease + Three (3) year option
- Commenced: 15th May 2017 (1 year approx. remaining approx. on 1st term)
- Rental Return: $35,769.92 per annum + outgoings and GST
- CPI annual increases
- Security Bond: 3 months + GST

25 Claremont Street is an architecturally built four level office building offering small to medium sized businesses an aesthetically pleasing working environment through its clever and novel design of light filled office spaces, private balconies, basement parking, staff amenities and strategic positioning next to South Yarra Train Station and Toorak Road's retail precinct.

Property History for 17/25 Claremont St, South Yarra, VIC 3141

A timeline of how this property has performed in the market
Last Sold
$530,000
19 Sep 2024
Listed for Rent
24 Feb 2017
  • 19 Sep 2024
    Sold for $530,000
  • 16 Aug 2019
    Sold for $615,000
  • 25 Oct 2018
    Listed for Sale Not Disclosed
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About South Yarra 3141

The size of South Yarra is approximately 3.6 square kilometres. It has 19 parks covering nearly 19.1% of total area. The population of South Yarra in 2011 was 19,134 people. By 2016 the population was 25,143 showing a population growth of 31.4% in the area during that time. The predominant age group in South Yarra is 20-29 years. Households in South Yarra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Yarra work in a professional occupation. In 2011, 36.8% of the homes in South Yarra were owner-occupied compared with 32.6% in 2016.

South Yarra has 25,491 properties. Over the last 5 years, Houses in South Yarra have seen a 6.39% increase in median value, while Units have seen a -3.84% decrease. As at 31 October 2024:

  • The median value for Houses in South Yarra is $2,115,046 while the median value for Units is $599,695.
  • Houses have a median rent of $725 while Units have a median rent of $588.
There are currently 72 properties listed for sale, and 52 properties listed for rent in South yarra on OnTheHouse. According to CoreLogic's data, 1081 properties were sold in the past 12 months in South yarra.

Suburb Insights for South Yarra 3141

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.