- Blue-chip retail freehold investment hits the market for the first time in four decades.
- Located in South Yarra, about 15 minutes away from the Melbourne CBD.
- Features 5.7 metres of frontage to Toorak Road.
A retail investment opportunity has opened in South Yarra for the first time in more than four decades, as 131 Toorak Road is bound for a market where demand for retail assets remains elevated.
The property comprises a 148 square metre land parcel with 5.7 metres of frontage to Toorak Road. It includes 132 sqm of gross floor area (GFA) and is currently leased by longstanding tenant, Victoria Whitelaw, a renowned florist who has been an anchor for the property for over 20 years.
With ACZ1 zoning, the property is being marketed as a unique opportunity for value enhancement, owner occupation, land bank, or repositioning (SCTA).
The property is also within proximity to some $5 billion of future development within the area.
“With its prime location, this asset offers both security and growth prospects for investors and is further enhanced by the legacy of premium tenant, renowned Victoria Whitelaw who is undisputedly one of Australia’s most established florists,” says Cushman and Wakefield Melbco Strip Retail’s Karim Ford.
“The opportunity to acquire a premium blue-chip retail freehold investment in South Yarra such as this comes once in a lifetime,” said Alexander Robertson’s principal director and owner, Kristian Peatling.
Situated in the beating heart of South Yarra
Hordes of local and overseas visitors are attracted to one of Melbourne’s best suburbs each year. Known for its vibrancy, it features many luxurious amenities, public transportation, schools, and restaurants.
Additionally, it is near cultural landmarks like The Royal Botanic Gardens, the Shrine of Remembrance, Albert Park Lake, the National Gallery of Victoria, and countless others, making it a top destination.
The Melbourne CBD is a stone’s throw away, as 131 Toorak Road is positioned by three main transport arterials— Chapel Street, Punt Road, and St Kilda Road.
Cushman and Wakefield Melbco Strip Retail Sales is conducting the sale of the property in conjunction with Alexander Robertson.
