Stonebridge Property Group are pleased to present for sale 240 Dorcas Street, South Melbourne.

Key highlights include:

• A high quality set and forget city fringe investment tenanted to highly rated National jewellery group Unique Diamonds
• Currently providing net annual income of $46,350* through a 3-year lease with fixed 3% annual rental increases
• An extensively renovated 80sqm* retail space located on the well exposed corner of Dorcas & Union Streets
• Unique Diamonds is an established operator with stores throughout Melbourne and Canberra, specialising in gold & diamond trading, jewellery appraisals, custom design and repairs
• Strategically located just 90m* from the retail backbone of South Melbourne – Clarendon Street, providing high levels of foot traffic to Unique Diamonds
• Positioned on the ground floor of ‘The Record’ building a highly desirable development designed by award winning architect Rothelowman and comprising 32 residences
• Located walking distance from Victoria’s famed South Melbourne markets and only a 6-minute tram ride to the Melbourne CBD
• Strong potential investment return of 5%+ vs South Melbourne residential returns of 2%-3%

*Approximately

240 Dorcas Street, South Melbourne is for sale via Public Onsite Auction Saturday 7th August 2021 at 12:00pm (AEST).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.