166 Toorak Road,
South Yarra, VIC 3141
Shops & Retail • Offices • Medical & Consulting
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Emmetts - Melbourne
21-27 Somerset PlaceMELBOURNE, VIC 3000
03 8692 00...
166 Toorak Road
South Yarra, VIC 3141
Map of 166 Toorak Road
NOW FOR AUCTION - PRIME TOORAK ROAD CORNER
- OCCUPY OR INVEST
- PRIME CORNER POSITION WITH HUGE EXPOSURE
- MULTIPLE INCOME STREAMS
Emmetts together with MMJ Real Estate are delighted to present for sale by public on site auction, an exceptional real estate investment opportunity at 166 Toorak Road South Yarra, with unparalleled exposure, located directly opposite South Yarra Station.
The property comprises a two-storey premises with current income from two commercial signs. The building is serviced for food and is to be sold with vacant possession and is suitable for a range of uses including retail, f&b, services or office usage.
The offering presents and incredibly rare opportunity for investors and owner occupiers to stamp their presence within a future-proof retail location of ever-growing pedestrian and commuter traffic.
Key considerations as follows:
> High exposure real estate.
> Multiple income streams including two commercial signs, one upper sign and one lower sign.
> Combined signage income of $208,557 per annum*
> Estimated fully leased combined income including retail premises of $318,557 per annum plus GST & outgoings.
> Suits owner occupiers and investors.
> Retail offered with vacant possession, with existing servicing provision for food.
> Suitable for a range of uses.
> Total building area of 140 sq m*.
> Frontage to Lovers Walk which whilst temporarily closed, is the fastest pedestrian route between South Yarra Station and The Jam Factory which is set to be redeveloped into a series of mixed use buildings comprising residential, office and retail.
The Growth Story:
Several major projects are anticipated drive further pedestrian traffic around South Yarra Station including:
> Goldfields now completing 627 Chapel Street – a 24,000 square metre premium grade office tower that will lead to a direct increase in office workers in South Yarra.
> International developer and investor Greystar developing 625 build-to-rent apartments on Yarra Street and Claremont Street.
> Newmark, Gurner and Qualitas developing four residential towers with 400 apartments, a hotel with 180 keys, a 1700 square metre plaza with three levels of retail and entertainment including a cinema as well as 22,500 square metres of commercial office space at the Jam Factory). This will likely see a major increase in footfall along Lover’s Walk directly past the property, which when re-opened is the fastest pedestrian route between the Jam Factory and South Yarra Station.
> Oreana planning a major mixed-use development directly opposite the property at South Yarra Square and the adjoining properties 169-175 Toorak Road.
> An open square and mixed use development planned for the air space above the railway line adjacent to the property.
Please contact the conjunctional agents Emmetts and MMJ for further information.
The property comprises a two-storey premises with current income from two commercial signs. The building is serviced for food and is to be sold with vacant possession and is suitable for a range of uses including retail, f&b, services or office usage.
The offering presents and incredibly rare opportunity for investors and owner occupiers to stamp their presence within a future-proof retail location of ever-growing pedestrian and commuter traffic.
Key considerations as follows:
> High exposure real estate.
> Multiple income streams including two commercial signs, one upper sign and one lower sign.
> Combined signage income of $208,557 per annum*
> Estimated fully leased combined income including retail premises of $318,557 per annum plus GST & outgoings.
> Suits owner occupiers and investors.
> Retail offered with vacant possession, with existing servicing provision for food.
> Suitable for a range of uses.
> Total building area of 140 sq m*.
> Frontage to Lovers Walk which whilst temporarily closed, is the fastest pedestrian route between South Yarra Station and The Jam Factory which is set to be redeveloped into a series of mixed use buildings comprising residential, office and retail.
The Growth Story:
Several major projects are anticipated drive further pedestrian traffic around South Yarra Station including:
> Goldfields now completing 627 Chapel Street – a 24,000 square metre premium grade office tower that will lead to a direct increase in office workers in South Yarra.
> International developer and investor Greystar developing 625 build-to-rent apartments on Yarra Street and Claremont Street.
> Newmark, Gurner and Qualitas developing four residential towers with 400 apartments, a hotel with 180 keys, a 1700 square metre plaza with three levels of retail and entertainment including a cinema as well as 22,500 square metres of commercial office space at the Jam Factory). This will likely see a major increase in footfall along Lover’s Walk directly past the property, which when re-opened is the fastest pedestrian route between the Jam Factory and South Yarra Station.
> Oreana planning a major mixed-use development directly opposite the property at South Yarra Square and the adjoining properties 169-175 Toorak Road.
> An open square and mixed use development planned for the air space above the railway line adjacent to the property.
Please contact the conjunctional agents Emmetts and MMJ for further information.
Property ID: 503942370Last Updated: 31 May 2022
Emmetts - Melbourne21-27 Somerset Place
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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