Emmetts present one of South Yarra's best freehold corners for sale by Public On Site 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.
