485-487 Toorak Road
Toorak


Contact agent for details

Property Features


Property ID: 3154706

Building Size
513 m2

Centrepiece of the Village!


For sale by Expression of Interest Closing 18th March 2015 at 12:30pm

Located in arguably the centre of The Village, is the Toorak News and Tattslotto Agency. 405m2 of Australia's most prime investment real estate, with an established generational Lessee in occupancy.

Boasting greater than 10 metre frontage to Toorak Road, and 9.96 metre frontage to Jackson Street car park. Existing improvements of 513m2 comprise 388m2 of ground floor retail and 125m2 of first floor office space.

The current net annual rental is $326,211 with 4% annual increases, and a market review at the beginning of the further term on 21.01.2017.

Zoned Commercial 1, with a Design and Development Overlay 9, which permits further development up to 5 levels or 16.5m, we believe there is substantial value adding available to the investor so inclined with the potential to create a more diversified mix of retail tenancies, with upper floors of chic residential accommodation befitting the postcode.

Further details available within property report. Section 32 and contract on hand.



Disclaimer:
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy.
Prospective purchasers/lessees are advised to carry out their own investigations.