TOORAK VILLAGE CORNER FREEHOLD WITH INCOME + 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
david.minty@cbre.com.au
Nathan Mufale
+61 421 224 354
Nathan.mufale@cbre.com.au
Alex Brierley
+61 447 974 447
alex@cbre.com.au
JJ Heng
+61 411 059 116
jj.heng@cbre.com.au
Vendor Adviser:
David Marks
+61 418 361 983
drm@killenthomas.com.au
*Approx.
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