Name: 169-175 Toorak Road, South Yarra, VIC, 3141
Address: 169-175 Toorak Road , VIC, South Yarra, VIC, 3141
Telephone: +61 431 120 918

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SOLD

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

Properties / Sold / Victoria / South Yarra

Development Potential

1. Property Summary

Property Type

Commercial

Land Area

613 m² (*approx)

Selling Method

Auction: Friday 28th May 2021

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2. Property Highlights

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.

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