Commercial

169-175 Toorak Road, South Yarra, VIC, 3141

  • Overview
  • Details
  • Agent
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Overview

  • Auction:
    Auction:
    Friday 28th May 2021
  • Property Area
    Area:
    613 m² (*approx)
  • Property Type
    Type:
    Commercial, Other, Retail
  • Development Potential
    Development Potential:
    Commercial development Opportunity (STCA)

Property Details

EXCEPTIONAL SOUTH YARRA CORNER FREEHOLD
  • INVEST, OCCUPY, VALUE-ADD OR REDEVELOP
  • FULLY LEASED FUTURE PROOF LOCATION
  • METRES FROM TRAIN STATION

Emmetts present one of South Yarra’s best freehold corners for sale by Public On Site Auction Friday 28th May at 12:30pm.

A substantial multi-let corner freehold opposite one of metropolitan Melbourne's busiest railway stations and in a prime retail position benefiting from strong levels of growth in pedestrian footfall.

Four fully leased shops, flexible landlord redevelopment break options in all leases, a future proof retail location of ever-growing pedestrian traffic plus significant redevelopment potential.

Investment considerations include:

+ Dominant corner freehold opportunity providing real upside for investors, developers and owner occupiers.

+ High density retail location underpinned by proximity to South Yarra train station.

+ Major projects nearby continuing to facilitate strong population growth.

+ Landholding of 613 sq m* with 20m* frontage to Toorak Road and 30m* frontage to Yarra Street.

+ Total building area 657 sq m*.

+ Fully leased to four retail tenants with lease expiry alignment plus landlord redevelopment-break options.

+ Activity Centre Zoning with precinct structure plan providing potential for mixed use multi-storey redevelopment (STPA).

+ Rare opportunity to acquire an exceptional South Yarra real estate holding.

The property is offered for sale by public on site auction scheduled to take place 28th May at 12:30pm.

* denotes approximate.

^denotes subject to council approval

For further information on this sale, contact the exclusive selling agents.

Remember to mention you found this property on DevelopmentReady.com.au

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