Watch Watch
Your home of Development Ready videos
Watch Watch
Back
Sold Check

7 – 11(a) Carters Avenue and 17-19 Carters Avenue, TOORAK, VIC 3142

+24 Photos
×
Sold Check
+26 Photos
7 – 11(a) Carters Avenue and 17-19 Carters Avenue, TOORAK, VIC 3142

7 – 11(a) Carters Avenue and 17-19 Carters Avenue, TOORAK, VIC 3142

Properties / Sold / Victoria / Toorak
Development Potential

1. Property Summary

Property Type
Commercial
Land Area
3,589 m² (*approx)
Selling Method
For Sale: Contact Agent
Show All

2. Property Highlights

TOORAK TROPHY LANDHOLDING – FIRST TIME OFFERED IN OVER 55 YEARS
  • 3,589sqm* Commercial 1 Zone Landholding
  • Luxury Tenant Returning $721,543*
  • Major High Density Development Scope

*CAMPAIGN CLOSED*

CBRE & Allard Shelton are delighted to present one of the most prominent landholdings to be offered to the market in Melbourne’s most prestigious suburb, Toorak.

Spanning over 3,589sqm* with two (2) street frontages, this commanding landholding provides buyers with an opportunity to deliver a future major mixed use project next to the iconic Toorak Village.

Known as 7 – 11a Carters Avenue and 17-19 Carters Avenue, Toorak, the property is leased to NGP Group operating as Mercedes Benz Toorak.

+Immaculate 3,589sqm* Toorak landholding with multiple street frontages to Carters Avenue (65m*) and Ross Street (46m*).

+Quality existing improvements comprising 1,962sqm* motor vehicle showroom, offices, detail workshop, delivery lounge and large hardstand area.

+Occupied by long standing tenant NPG Group trading as Mercedes Benz Toorak returning $721,543*p.a. (tenant pays all outgoings including insurances and Land Tax)

+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.

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

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

+Immediate proximity 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*).

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

CBRE:

Nathan Mufale

+61 421 224 354

Nathan.mufale@cbre.com.au

David Minty

+61 422 564 199

david.minty@cbre.com.au

Scott Hawthorne

+61 400 861 048

Scott.hawthorne@cbre.com.au

JJ Heng

+61 411 059 116

jj.heng@cbre.com.au

ALLARD SHELTON

Joseph Walton

+61 417 309 347

joewalton@allardshelton.com.au

Patrick Barnes

+61 417 555 190

patbarnes@allardshelton.com.au

Michael Ryan

+61 433 180 199

michaelryan@allardshelton.com.au

Christian Hatzis

+61 452 544 844

christianhatzis@allardshelton.com.au

Remember to mention you found this property on DevelopmentReady

Read More

1. Property Summary

Property Type
Commercial
Land Area
3,589 m² (*approx)
Selling method
For Sale: Contact Agent

2. Property Highlights

TOORAK TROPHY LANDHOLDING – FIRST TIME OFFERED IN OVER 55 YEARS
  • 3,589sqm* Commercial 1 Zone Landholding
  • Luxury Tenant Returning $721,543*
  • Major High Density Development Scope

*CAMPAIGN CLOSED*

CBRE & Allard Shelton are delighted to present one of the most prominent landholdings to be offered to the market in Melbourne’s most prestigious suburb, Toorak.

Spanning over 3,589sqm* with two (2) street frontages, this commanding landholding provides buyers with an opportunity to deliver a future major mixed use project next to the iconic Toorak Village.

Known as 7 – 11a Carters Avenue and 17-19 Carters Avenue, Toorak, the property is leased to NGP Group operating as Mercedes Benz Toorak.

+Immaculate 3,589sqm* Toorak landholding with multiple street frontages to Carters Avenue (65m*) and Ross Street (46m*).

+Quality existing improvements comprising 1,962sqm* motor vehicle showroom, offices, detail workshop, delivery lounge and large hardstand area.

+Occupied by long standing tenant NPG Group trading as Mercedes Benz Toorak returning $721,543*p.a. (tenant pays all outgoings including insurances and Land Tax)

+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.

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

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

+Immediate proximity 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*).

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

CBRE:

Nathan Mufale

+61 421 224 354

Nathan.mufale@cbre.com.au

David Minty

+61 422 564 199

david.minty@cbre.com.au

Scott Hawthorne

+61 400 861 048

Scott.hawthorne@cbre.com.au

JJ Heng

+61 411 059 116

jj.heng@cbre.com.au

ALLARD SHELTON

Joseph Walton

+61 417 309 347

joewalton@allardshelton.com.au

Patrick Barnes

+61 417 555 190

patbarnes@allardshelton.com.au

Michael Ryan

+61 433 180 199

michaelryan@allardshelton.com.au

Christian Hatzis

+61 452 544 844

christianhatzis@allardshelton.com.au

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

3. Property Location

7 – 11(a) Carters Avenue and 17-19 Carters Avenue, TOORAK, VIC 3142

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
7 – 11(a) Carters Avenue and 17-19 Carters Avenue, TOORAK, VIC 3142 Toorak