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428 Toorak Road Toorak, VIC 3142

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428 Toorak Road
Toorak, VIC 3142

Shop & Retail • Offices
Sold Price

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Floor area

630.0m²

Property extent

Whole

Zoning

Commercial 1

Municipality

Stonnington

Tenure type

Tenanted Investment

Sold on

06 Aug 2019

TOORAK VILLAGE LANDMARK - Iconic Corner Investment comprising of 5 Shops and 1st Floor Offices

  • Current rent: $424,215 p.a.*+o/g’s
  • Fully leased
  • Toorak Road frontage of 23.32m*
This is an exceptional opportunity to acquire an ‘Iconic Corner’ property in one of Australia’s exclusive shopping strips that has been 20 years in the waiting. Other attributes that this property provides:

• Lettable area: 630sqm*
• Further development potential (s.t.c.a.)
• 6 separate titles
• Tenants pay all outgoings (except land tax)
• Commercial 1 zoning

The building comprises 5 retail shops and 1st floor offices, and provides the purchaser with scope to further capitalise on its unrivalled location within the heart of one of Australia’s most affluent suburbs.

This is a rare and unique offering in one Melbourne's most exclusive suburbs, in a tightly held retail precinct.

LOCATION

Toorak is recognised as one of Australia’s most affluent suburbs and is synonymous with wealth and stature being home to many of the wealthiest families in Australia.

This iconic property holds a pre-eminent position in the heart of the fashionable ‘Toorak Village’ at the south-east corner of Toorak Road and Mathoura Road approximately 7 kilometres east of the Melbourne CBD.

Other surrounding properties comprise prestigious residential properties that also reflect the status of this highly sought Toorak suburb, and is also complimented by some of Melbourne’s most esteemed private schools.

The property is well serviced by public transport, with the No.8 tram stop at the front door; and, Hawksburn Station approximately
600 metres south-west of the property.

The property also enjoys direct access to the CBD via Toorak Road and Kingsway and has excellent linkages to the Monash Freeway.

* Approximately

Property ID: 503241194Last Updated: 25 Sep 2019

428 Toorak Road
Toorak, VIC 3142

Agency contacts

Gill Property - Melbourne

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Gill Property - Melbourne

Level 6, 451 Little Bourke Street
MELBOURNE, VIC 3000
Rodney Morley Pty Ltd

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Rodney Morley Pty Ltd

203 Balaclava Road
CAULFIELD NORTH, VIC 3161
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Send to:

Stephen Bolton
Gill Property - Melbourne
428 Toorak Road Toorak, VIC 3142

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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