428 Toorak Road
Toorak, VIC 3142
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*
• 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.
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.
Property ID: 503241194Last Updated: 25 Sep 2019