219-221 Commercial Road,
South Yarra, VIC 3141

Showrooms & Large Format Retail • Shops & Retail • Development Sites & Land

Key property information

Land area

Floor area

Tenure type

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Map of 219-221 Commercial Road

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CLASSIC RETAIL INVESTMENT

Secure lease to 1st class retail tenant
Net rental: $180,000 per annum
Prime retail location

* Land Area: 476.5 SQM (approx.)
* Building Area: 455 SQM (approx.)
* Zone: Commercial 1
* Five year lease term (commencement October 2014)
* Rental: $180,000 nett p.a (approx.)
* Secure lease to long-term tenant
* Strong retail strip

Enormous scope for future development beyond existing improvements (STCA).

Surrounded by established retail with the emergence of significant residential development within immediate proximity.

FOR AN IMMEDIATE INSPECTION CALL US TODAY!

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

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