Take advantage of the rare opportunity to secure what is arguably Toorak Road’s most highly exposed retail with potential for income from three sources including two commercial signs.
Key features include:
+ Absolute prime retail position, located opposite South Yarra Station; one of metropolitan Melbourne’s busiest stations.
+ Significant pipeline of high density residential, office and hotel development which will continue to drive consumer pedestrian flow and demand for retail along Toorak Road.
+ Re-opening of Lovers Walk along the property’s western boundary to increase footfall past the retail with potential activate this frontage, noting that Lovers Walk is the fastest pedestrian access from South Yarra Station to the Jam Factory which is set to be redeveloped into a major mixed use project comprising office, residential and retail.
+ Two-storey retail unit with valuable commercial kitchen infrastructure to be sold with vacant possession, providing opportunity for value-add letting up or for owner-occupation.
+ Valuable commercial signage income from two signs under long term leasing arrangements (1/3 interest in the upper roof sign and 100% interest in the lower sign on west facing façade of shop).
+ Combined signage income of approximately $208,557 per annum plus GST (effective 1 January 2022)
+ Income potential from vacant shop of $110,000 pa plus GST & Outgoings.
+ Estimated fully leased income $318,557 per annum plus GST & Outgoings.
+ An incredibly rare opportunity for investors and owner occupiers to secure one of Toorak Road’s highest exposure properties with triple income potential.
Public Auction on Wednesday 13th April at 2:30 pm Onsite.
* denotes approx.
For further information on this sale, contact the exclusive selling agents.