Property Description

Landmark Toorak Village Trophy Asset

Fitzroys is delighted to offer 438-440 Toorak Road (Corner Carters Avenue), Toorak for sale via Expressions of Interest closing Wednesday 5th May at 2pm.

Features of this outstanding opportunity include:

• Secure lease to long standing ASX listed tenant, ANZ Bank
• Returning $329,600 per annum net (as at 29/5/21)
• All outgoings recovered from the tenant including Land Tax (single holding basis)
• Dual frontage to Toorak Road and Carters Avenue of over 44 metres
• Dominant land holding of 354sqm*
• Substantial two-level modernised bank building of 394sqm* plus onsite parking
• Unrivalled location within Toorak’s prestigious retail, lifestyle and commercial precinct
• Directly opposite proposed $600 million commercial re-development of the Village Way and Village Walk Arcades, which will include over 10,000sqm of premium office space over 8 levels plus a ground floor Coles Supermarket.
• Large council Car Park situated immediately behind the property
• Excellent connectivity to South Yarra and the CBD with trams operating along Toorak Road
• Future value add potential (stca)
• Rare opportunity – First time offered in over 30 years!