169-175 TOORAK ROAD,
South Yarra, VIC 3141
Shops & Retail • Development Sites & Land • Offices
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Emmetts - Melbourne
21-27 Somerset PlaceMELBOURNE, VIC 3000
169-175 TOORAK ROAD
South Yarra, VIC 3141
Map of 169-175 TOORAK ROAD
EXCEPTIONAL SOUTH YARRA CORNER FREEHOLD
- INVEST, OCCUPY, VALUE-ADD OR REDEVELOP
- FULLY LEASED FUTURE PROOF LOCATION
- METRES FROM TRAIN STATION
*AUCTION TO BE CONDUCTED ONLINE - PLEASE CONTACT THE AGENTS TO REGISTER TO BID*
Emmetts present one of South Yarra’s best freehold corners for sale by online 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.
+ Activity Centre Zoning with precinct structure plan encouraging potential for mixed use multi-storey redevelopment (STPA).
+ Total building area 657 sq m*.
+ Fully leased to four retail tenants with lease expiry alignment plus landlord redevelopment-break options.
+ Redevelopment potential of 9 to 13 storeys (STPA).
+ Value-add option to activate surplus land fronting Yarra Street
+ 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.
Emmetts present one of South Yarra’s best freehold corners for sale by online 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.
+ Activity Centre Zoning with precinct structure plan encouraging potential for mixed use multi-storey redevelopment (STPA).
+ Total building area 657 sq m*.
+ Fully leased to four retail tenants with lease expiry alignment plus landlord redevelopment-break options.
+ Redevelopment potential of 9 to 13 storeys (STPA).
+ Value-add option to activate surplus land fronting Yarra Street
+ 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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South Yarra, 3141 demographic data
The median household income for South Yarra is $2,063, 9% higher than Greater Melbourne's household income of $1,901. South Yarra has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 47% of property owners in South Yarra have a mortgage.
25,028
Population
$2,063 per week
Median household income
33 years
Median age
Renters
Most residents
Singles
Most households
Emmetts - Melbourne21-27 Somerset Place
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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