Shop 5, 521 Toorak Road, Toorak, VIC 3142

Retail

For Sale

Expressions Of Interest

  • Property ID: 448152
  • Floor Area: 240m²
  • Occupancy: Tenanted
Premium Hospitality Freehold Investment In The Heart Of Toorak Village

Grandfield Property Group is pleased to offer for sale this premium hospitality freehold investment located at Shop 5, 521 Toorak Road, Toorak VIC 3142.

Situated in the heart of Toorak Village shopping & entertainment precinct, this tenanted investment opportunity offers following key attributes:

*Fully leased to highly rated Cafe & Restaurant tenant 'Botanic Cafe'
*5 years lease from November 2023 with additional options terms until 2038 if exercised
*Strong net annual rent income of $120,000 +GST+Outgoings with fixed annual rent increases
*Area: 240 sqm approx.
*Prime shop with premium hospitality fit-out
*Outstanding natural lights with outdoor balcony seating area
*Excellent public transport including tram route 58 and Hawksburn Railway Station in close proximity
*Highly sought after location surrounded by leading national & local retailers, local renowned cafe & restaurants including Woolworth and Coles Local Supermarkets, Commonwealth Bank, Laurent Bakery & Cafe, Cecconi's and Alexanders Cigar Merchants etc.

For Sale by Expressions of Interest closing Tuesday 15th October 2024 at 5pm AEST.

For further information or to arrange a private inspection of the property please contact exclusive selling agent Grandfield Property Group Sales Team.

Toorak Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $8333 $275 3.30%
Offices $9140 $629 6.88%
This is the average advertised price, rent and yield for Toorak, VIC 3142*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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