For the first time in over 40 years, a premium blue-chip retail investment located at 131 Toorak Road, South Yarra is set to hit the market as demand for retail assets remains strong.
Situated in the heart of Melbourne's utmost thriving inner-city retail precinct, this flagship freehold investment at 131 Toorak Road represents a unique opportunity & rare chance for astute investors, primed for value-enhancement, owner-occupation, land bank, or repositioning (STCA).
Boasting a tightly held land parcel of 148*sqm and featuring 5.7*m of premium, high-exposure Toorak Road frontage, this outstanding property is anticipated to be a highly sought-after flagship retail asset in 2023.
For sale through Cushman & Wakefield Melbco Strip Retail Sales in conjunction with Alexander Robertson, one of the key highlights of this premium investment is the longstanding flagship tenant, renowned florist Victoria Whitelaw, who has been an anchor for the property for over 20* years.
With 132*sqm of Gross Floor Area (GFA), this retail gem is strategically positioned to benefit directly from South Yarra’s $5.0* billion mixed-use future development pipeline and the rapidly growing population of residents, occupiers, and visitors (86,000* on average weekday) alike. Favourable ACZ1 zoning further denotes significant future development upside (STCA).
To the locals, and the hundreds of thousands of local and overseas visitors drawn to its gardens and shops each year, South Yarra may well be considered Melbourne’s most vibrant and sophisticated suburb.
Surrounded by prestigious amenities, public transport options, elite schools, iconic restaurants, with proximity to cultural landmarks such as the Royal Botanic Gardens, Shrine of Remembrance, MCG, AAMI Park, University of Melbourne: Victorian College of the Arts (VCA), Albert Park Lake, National Gallery of Victoria, Arts Centre, Alfred Hospital, Fawkner Park and Prahran Market – makes this location highly desirable to all.
With proximity to three (3) main transport arterials - Chapel Street, Punt Road & St Kilda Road, Melbourne – 131 Toorak Road ensures seamless connectivity to the vibrant Melbourne CBD, just a mere 15* minutes away.
"The opportunity to acquire a premium blue-chip retail freehold investment in South Yarra such as this comes once in a lifetime," says Kristian Peatling, Alexander Robertson, Principal Director & Owner.
“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" said Karim Ford, Cushman & Wakefield Melbco Strip Retail.
On-site private inspections are available by appointment only, providing potential buyers with an up-close look at this outstanding investment opportunity.
For further information or to arrange an inspection, please contact the appointed agents:
Karim Ford: +61 492 478 830
George Davies: +61 421 799 489
Jeff Ha 石军豪: +61 401 145 166
Kristian Peatling: +61 411 600 754
Warwick Bramich: +61 419 373 196