Considered one of Australia’s most elite suburbs, Toorak is located only 5 km south-east of Melbourne's CBD. Exclusively marketed by the Gross Waddell team of Michael Gross and Jonathon McCormack, this extremely well positioned site is quite possibly one of the last remaining development opportunities within the prestigious Toorak Village precinct.
This valuable 420 sqm site has a depth of 25m with a 16.8m frontage to Wallace Avenue. The existing building has an area of 280m2 with 8 onsite car spaces. Currently zoned as Business 1, the successful purchaser can assess their options of whether to occupy, invest or develop (STCA) while receiving a short-term income of $99,000 (plus GST PA).
The site’s premium Toorak location is well serviced by a wide selection of retail and dining, public transport and is only a short stroll to Como Park.
" The Toorak Village precinct is synonymous with prestige and therefore very tightly held. This site offering presents investors with a rare opportunity to acquire a property asset in one of Australia’s most established and recognised locations” - Michael Gross, Gross Waddell.
Summary:
- Occupy / Invest / Develop (STCA)
- Highly valuable Toorak Village landholding of 420 sqm
- Depth of 25m with a 16.8m frontage to Wallace Avenue
- Short term income: $99,000 (plus GST PA)
- Zoning: Business 1
- 8 onsite car spaces
- Absolute Premium location close to retail, dining, public transport and Como Park
6-8 Wallace Avenue Toorak is Sale via Auction on Friday 11th August 2017 at 2:00 pm.
For further information, please contact Gross Waddell:
Michael Gross: 0419 355 651
Jonathon McCormack: 0418 835 885
