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169-175 TOORAK ROAD
South Yarra VIC 3141
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Sold on 4 Jun 2021

169-175 TOORAK ROAD South Yarra VIC 3141

  • Shop & Retail
  • 657 m²
  • Sold

EXCEPTIONAL SOUTH YARRA CORNER FREEHOLD

  • INVEST, OCCUPY, VALUE-ADD OR REDEVELOP
  • FULLY LEASED FUTURE PROOF LOCATION
  • METRES FROM TRAIN STATION

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.

AUCTION

Auction date and time28/05/2021 12:30
Auction location169-175 Toorak Road, South Yarra VIC
Emmetts Real Estate
Emmetts Real Estate
21-27 Somerset Place
Melbourne, VIC 3000

Property Highlights

Date Sold4 Jun 2021
Floor Area657 m²
Land Area613 m²
ParkingAsk Agent
Property ID2016973807
Category
Last updated  4 Jun 2021
Map for 169-175 TOORAK ROAD South Yarra VIC 3141

Nearest transport* to 169-175 TOORAK ROAD South Yarra VIC 3141

Bus
Train
Tram
Toorak Rd/Punt Rd (South Yarra)534 m
Toorak Rd/Punt Rd (South Yarra)552 m
Chapel St/Alexandra Ave (South Yarra)557 m
Darling Gardens/Alexandra Ave (South Yarra)560 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Emmetts Real Estate
Emmetts Real Estate
21-27 Somerset Place
Melbourne, VIC 3000

Property Highlights

Date Sold4 Jun 2021
Floor Area657 m²
Land Area613 m²
ParkingAsk Agent
Property ID2016973807
Category
Last updated  4 Jun 2021

Co-Agents

Charles Emmett
Charles Emmett
Emmetts Real Estate
Call
0402358069
Geoff Emmett
Geoff Emmett
Emmetts Real Estate
Call
+61 409 330 561

More about 169-175 TOORAK ROAD South Yarra VIC 3141

169-175 Toorak Road South Yarra VIC 3141 is categorized as Shop & Retail Property. It has a floor area of 657 m² and a land area of 613 m². The listing ID for this property is 2016973807.

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