For Sale
Set & Forget Investment in Prime South Yarra Retail Position
Shop 5, 300 Toorak Road , South Yarra VIC
Stonebridge Property Group is pleased to present for sale Shop 5, 300 Toorak Road, South Yarra.
The key highlights of the opportunity include:
- A low maintenance investment leased by longstanding and highly rated tenant in the centre of South Yarra's retail precinct
- Boasting a 5-year lease, with options through to 2032, and fixed annual increases of 3%
- Providing net annual income of $54,636* + GST
- Positioned at the base of the luxurious 'Gisele' development, which includes 76 high-end residences, and directly opposite the globally recognised Como Centre
- A strategically positioned pedestrian crossing and tram stop immediately in front of the property bottleneck foot traffic to the façade of the building a major benefit for the current and future tenants
- South Yarra, one of Australia's most successful shopping precincts, bolstered by high density residential developments and major international brands
- The surrounding demographic is regarded affluent and young, with a median age of 33 and average personal income of $1,395* this demographic supports retail trade for retailers such as Laurent, The Meat & Wine Co, Woolworths & more
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
*Approximately