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442-446 Toorak Road (Cnr Carters Avenue), TOORAK, VIC 3142
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TOORAK VILLAGE CORNER FREEHOLD WITH INCOME + DEVELOPMENT SCOPE
  • 540sqm* Commercial 1 Zone Landholding
  • Two Level Fully Leased Freehold Building
  • Three Frontages With Development Scope

CBRE is delighted to offer a fully leased prime corner freeholding building superbly positioned within Melbourne’s most prestigious retail strip, Toorak Village.

Located on the corner of Toorak Road & Carters Avenue, the property would ideally suit investors or developers seeking to capitalise upon the strength of Toorak’s residential and commercial office market.

Known as 442-446 Toorak Road, Toorak the property is described as follows:

+540sqm* Toorak freehold building with triple street frontage to Carters Avenue (30m*), Toorak Road (17m*) and rear Roadway (17m*)

+High profile & beautifully presented improvements comprising a two (2) level retail building over 526sqm* with rear car parking

+Occupied by long standing and multi award winning professional salon Rokk Ebony

+Highly flexible Commercial 1 Zone encouraging residential, retail, office, hotel/service apartments and medical uses

+Favourable height allowance for future development and surrounded by newer established luxury residential projects

+Would ideally suit owner/occupiers, investors and developers

+Melbourne’s strongest median house price suburb at $5,380,000*

+Outstanding position within the opulent Toorak Village featuring premium cafes, retail, restaurants, nightlife & major Woolworths supermarket

+Directly adjacent to Viclands’ $600 million development ‘Village Way’ that will feature 10,000sqm* of premium office space (fully leased) over 8 levels plus a new Coles Supermarket

+Surrounded by Melbourne’s best schools including Geelong Grammar, Lauriston Girls School, St Kevins College, Scotch College and Loreto Mandeville Hall

+Superb transport connectivity via the 58 Tram along Toorak Road and a short walk to Toorak Train Station providing direct access to Melbourne’s CBD (4.5km*)

+Net annual income of over $250,000*

For further information please contact the exclusive sales and marketing agents:

CBRE:

David Minty

+61 422 564 199

[email protected]

Nathan Mufale

+61 421 224 354

[email protected]

Alex Brierley

+61 447 974 447

[email protected]

JJ Heng

+61 411 059 116

[email protected]

Vendor Adviser:

David Marks

+61 418 361 983

[email protected]

*Approx.

Remember to mention you found this property on DevelopmentReady

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