Cushman & Wakefield Middle Markets is proud to present 189 Toorak Road, South Yarra, for Sale by International Expressions of Interest closing Thursday 12 November 2026 at 12pm (AEDT). 

Key details are highlighted below

- Completed in 2025, the 11-storey mixed-use building comprises 5,565sqm* of net lettable area, with significant depreciation benefits available.

- Prominent 906sqm* corner landholding with 19.9m* of frontage to Toorak Road and 45.9m* to Claremont Street, within the Activity Centre Zone.

- Fully leased with net passing income of $4,913,568 p.a.*, an 8.25-year* WALE and fixed annual rental increases providing compounding income growth.

- Diversified tenant mix including The Commons premium wellness and co-working clubs, Skidmore, Owings & Merrill, Gilson Restaurant, Fancourt Capital Group and V-Leader Group.

- Designed by Skidmore, Owings & Merrill, the firm behind the Burj Khalifa, and built by Ironside Construction. Features include expansive outdoor terraces, uninterrupted CBD views, floor-to-ceiling glazing and end-of-trip facilities.

- Restoration of the 1887 South Yarra Coffee Palace integrated with a contemporary addition, with a registered 5-Star Green-Star NABERS Rating

- Located in the Toorak Road and Chapel Street precinct, with access to retail, dining and wellness amenity. The local catchment recorded $246m* in spending across six months and 12.3%* year-on-year customer growth.

- 110m* from South Yarra Station and 100m* from the nearest tram stop, providing direct public transport connections to the Melbourne CBD and surrounding suburbs.

Cushman & Wakefield Middle Markets presents 189 Toorak Road, South Yarra for Sale by International Expressions of Interest closing Thursday 12 November 2026 at 12pm (AEDT). 

For more information, please contact the exclusive agents below.

Cushman & Wakefield

Oliver Hay | +61 419 528 540

Daniel Wolman | +61 412 957 839

Leon Ma 马海翔 | +61 417 070 725

*Approx.