** Expressions Of Interest Now Closed- Offers Under Review**
Acting Under Instructions from Mark Wizel and Lewis Tong of Advise Transact, JLL and Emmetts have the exclusive honour to offer 218-228 Toorak Road, South Yarra for sale by International Expression of Interest closing Thursday 16th November at 2pm (AEDT).
Key details of the opportunity include:
+ One of South Yarra's true trophy freeholds positioned in the heart of Toorak Road's most sought-after pockets.
+ A generational 3-level retail and commercial building comprising 4 retail shops and offices on Ground, Levels 1 & 2.
+ Former head office of Kay & Burton Real Estate with a strong existing income stream from 100% leased ground floor retail (including Aesop).
+ Rare opportunity to part owner occupy, refurbish, re-lease or develop.
+ Estimated fully leased income of $900,573 per annum*
+ Offering includes 37 secure (on title) ground level carparks accessible via Chambers Street.
+ Ultra-prominent corner landholding of 696sqm* providing 50 metres* of unencumbered frontage to Toorak Road and Chambers Street.
+ Toorak Road is part way through one of the most prolific periods of investment of capital through new developments, with recently acclaimed buildings including Capitol Grand and Goldfields House being completed and occupied.
+ Located just 200 metres* from South Yarra Train Station and moments from Chapel Street, Greville Street and the Melbourne CBD.
+ Prime retail location with close to 100% Toorak Road occupancy, and depth of unsatisfied retail occupational requirements.
+ One of the only remaining opportunities to make your mark within one of Melbourne's hottest luxury, working, living and shopping AAA + precincts.
To obtain further information or to arrange an inspection, please contact any member of JLL or Emmetts.