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JLL Melbourne has the exclusive privilege of offering for sale for the first time in 53 years, 168-170 Toorak Road, South Yarra, a classic three level building fully occupied by Australia’s most recognised hair and beauty salon – Joey Scandizzo Salon, in occupation since 2005 and with a brand new 5-year term.
Originally one of Melbourne’s first bank buildings (c1890), this magnificent freehold building has been spectacularly reimagined by leading architect and interior designer, Studio Kennon.
Positioned in what is undoubtedly South Yarra’s best retail position with an unprecedented volume of pedestrian traffic, opposite South Yarra Train Station and the Forrest Hill Precinct, home to thousands of residents.
Key details of the opportunity include:
+ Prestigious 3-level retail and office building, fully refurbished in 2020 by renowned Studio Kennon
+ Fully leased to Joey Scandizzo Salon - one of the most acclaimed hairdressers in the country
+ Flexibility for short-term repositioning or redevelopment providing scope for a wide range of buyers
+ Longstanding tenant in occupation since 2005
+ Brand new 5+5 year lease term to commence on 1st March 2026
+ Current Net Income: $207,983 per annum + GST*
+ Rear lane access via William Street with on-site parking for up to 11 cars, a rarity for this location
+ Dominant Toorak Road position opposite South Yarra Train Station and metres from Chapel Street, driving consistent 24/7 trading activity with huge pedestrian traffic
+ Australia’s premier destination for luxury retail, hospitality and residential, complemented by some of the worlds most recognised brands
+ High value Activity Centre landholding providing immense future redevelopment potential
+ Surrounded by major new and in pipeline developments including the Capitol Grand and the $3.75bn Jam Factory redevelopment comprising five towers, 800+ residences and further lifestyle amenity.
168-170 Toorak Road, South Yarra is For Sale by Public On-Site Auction on Friday 21 November 2025 at 12:30pm (AEDT)
To obtain further information or to arrange an inspection, please contact the exclusive selling agents at JLL.
Jesse Radisich | 0402 085 702
Josh Rutman | 0411 27 37 46
Romanor Falconer | 0400 757 171
中文普通话咨询物业详情，请联系Mingxuan Li李名轩。 手机： 0498 688 998， 电子邮件： [email protected]， 或微信ID: Mingxuanli777
*Approx.
**abs.gov.au
^cityofstonnington.vic.gov.au
^^Subject to relevant provisions of the lease
JLL Melbourne has the exclusive privilege of offering for sale for the first time in 53 years, 168-170 Toorak Road, South Yarra, a classic three level building fully occupied by Australia’s most recognised hair and beauty salon – Joey Scandizzo Salon, in occupation since 2005 and with a brand new 5-year term.
Originally one of Melbourne’s first bank buildings (c1890), this magnificent freehold building has been spectacularly reimagined by leading architect and interior designer, Studio Kennon.
Positioned in what is undoubtedly South Yarra’s best retail position with an unprecedented volume of pedestrian traffic, opposite South Yarra Train Station and the Forrest Hill Precinct, home to thousands of residents.
Key details of the opportunity include:
+ Prestigious 3-level retail and office building, fully refurbished in 2020 by renowned Studio Kennon
+ Fully leased to Joey Scandizzo Salon - one of the most acclaimed hairdressers in the country
+ Flexibility for short-term repositioning or redevelopment providing scope for a wide range of buyers
+ Longstanding tenant in occupation since 2005
+ Brand new 5+5 year lease term to commence on 1st March 2026
+ Current Net Income: $207,983 per annum + GST*
+ Rear lane access via William Street with on-site parking for up to 11 cars, a rarity for this location
+ Dominant Toorak Road position opposite South Yarra Train Station and metres from Chapel Street, driving consistent 24/7 trading activity with huge pedestrian traffic
+ Australia’s premier destination for luxury retail, hospitality and residential, complemented by some of the worlds most recognised brands
+ High value Activity Centre landholding providing immense future redevelopment potential
+ Surrounded by major new and in pipeline developments including the Capitol Grand and the $3.75bn Jam Factory redevelopment comprising five towers, 800+ residences and further lifestyle amenity.
168-170 Toorak Road, South Yarra is For Sale by Public On-Site Auction on Friday 21 November 2025 at 12:30pm (AEDT)
To obtain further information or to arrange an inspection, please contact the exclusive selling agents at JLL.
Jesse Radisich | 0402 085 702
Josh Rutman | 0411 27 37 46
Romanor Falconer | 0400 757 171
中文普通话咨询物业详情，请联系Mingxuan Li李名轩。 手机： 0498 688 998， 电子邮件： [email protected]， 或微信ID: Mingxuanli777
*Approx.
**abs.gov.au
^cityofstonnington.vic.gov.au
^^Subject to relevant provisions of the lease
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