389 Tooronga Road comprises of a single storey retail premises, currently utilised as a Take Away Food shop, with a former two bedroom dwelling at the rear which is currently used for storage purposes. Vacant land at the rear of the site provides onsite car parking.
Suitable for investors and future developers, we believe the most outstanding aspects of this property include:
- Four (4) year Lease with Options to long standing, successful business
- Returning $27,880 net per annum plus GST & outgoings (as at 1.10.10)
- Long term redevelopment potential (STCA)
- Land area: 280sqm*, zoned Business 3
- Excellent rear access
- Strategic high profile location adjacent to Tooronga Village with direct access to City Link, shops, public transport and parkland.
389 Tooronga Road is located on the western side of Tooronga Road between Hall Street and Toorak Road (Burwood Highway).
This rapidly developing commercial precinct, 7km* south east of Melbourne's CBD, is home to numerous leading companies such as Coles Myer, Servier Laboratories, and Bunnings Head Office. The Stockland Tooronga residential apartment development is currently under construction on the corner of Tooronga and Toorak Roads.