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

[email protected]

David Minty

+61 422 564 199

[email protected]

Scott Hawthorne

+61 400 861 048

[email protected]

JJ Heng

+61 411 059 116

[email protected]

ALLARD SHELTON

Joseph Walton

+61 417 309 347

[email protected]

Patrick Barnes

+61 417 555 190

[email protected]

Michael Ryan

+61 433 180 199

[email protected]

Christian Hatzis

+61 452 544 844

[email protected]

Remember to mention you found this property on DevelopmentReady

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