472 Toorak Road, Toorak
TOORAK VILLAGE FREEHOLD INVESTMENT WITH UPSIDE
Teska Carson is pleased to present the opportunity to purchase 472 Toorak Road, Toorak with the following key attributes:
- Two-level freehold of 110sqm which is spread across the ground floor retail and first floor office/studio apartment.
- Returning $45,000 per annum + GST & Outgoings, it’s an extremely rare offering suited to investors, owner-occupiers and value-add buyers.
- Potential total income: $65,000 per annum + GST & Outgoings
- An existing planning permit is in place for an additional level at the rear which is accessed via Lamin Lane, creating a further 30sqm approx. of office accommodation.
- Situated in the heart of the tightly held Toorak Village, which services Melbourne’s most affluent residential suburbs.
- Located directly opposite Vicland Property Groups proposed $600M commercial re-development of Village Way, which is set to house 12,000sqm* of A Grade office space over 8 levels and a ground floor Coles Supermarket.
Please call for further information or to arrange an inspection of the property.