Residential

35 Clara Street, South Yarra

35 Clara Street South Yarra, VIC Australia 3141
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area
Land Area ()

Property Description

JLL Capital Markets is delighted to offer for sale this trophy investment/development opportunity situated within one of Melbourne’s premier residential suburbs at 35 Clara Street, South Yarra.


Key details of the opportunity include:

·       A whole block of 12 oversized one-bedroom apartments with opportunity for passive holding, refurbishment or redevelopment

·       Potential to secure $200,748* per annum of income with South Yarra being one of Melbourne’s most hotly contested rental markets

·       Commanding corner site of 651sqm* with frontages to Clara Street, Oxford Street and Oxford Lane

·       Significant redevelopment potential that is suitable for numerous residential options (STCA)

·       Strategically located within an affluent and established residential pocket, accessible via Chapel Street and Toorak Road which boast an extraordinary selection of shopping, café and culinary options

·       Excellent transport linkages including tram services along Toorak Road and Chapel Street and the South Yarra Train Station and Hawksburn Train Station within close proximity.

·       South Yarra is an incredibly buoyant residential suburb that has experienced significant uplift in value, reflected by the strong median house price of $2,295,000 being 1.3 times higher than the metropolitan Melbourne average


For Sale via On-Site Public Auction on Thursday 1 July at 12.30pm (AEST). 

 

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



Josh Rutman | 0411 27 37 46


Tim Carr | 0415 767 915


Mingxuan Li 李名  | 0498 688 998



*Approx

Investment Highlights

·       Whole Block of 12 Large Apartments

·       Strategic Redevelopment Opportunity

·       A Proven Residential/Lifestyle Location

Last Updated Date: 09 Jun 2021
Josh Rutman
Josh Rutman
Senior Director, Capital Markets Head of Middle Markets & Metropolitan Investments – Victoria
Tim Carr
Tim Carr
Executive - Middle Markets

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Last Updated Date: 09 Jun 2021

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