Property TypeLand/ Development
549 Toorak Road, Toorak
IDEALLY POSITIONED TOORAK DEVELOPMENT SITE
Teska Carson are pleased to present 549 Toorak Road, Toorak for sale via Expressions of Interest closing Thursday 7 October 2021 at 3pm.
High on the hill, some 100 metres from Toorak Village, this beautifully proportioned development site will ensure a luxury apartment building will sit proudly amongst Toorak’s elite.
Key attributes of this outstanding opportunity:
- Offered for sale for the first time in over 70 years
- 1,278m2 of prime Toorak land
- Currently comprising 12 x strata titled two bedroom units over three levels
- Potential fully let income of $224,300 per annum
- Precedent for 4 level luxury apartment development (STCA)
- Metres from Melbourne’s prestigious and tightly held Toorak Village shopping strip, offering an abundance of retail, cafes, restaurants plus Woolworths and the soon to be brand new Coles supermarket
- Toorak has long held the record for median house price, currently $4,950,000
Luke Bisset 0400 344 211
Matthew Feld 0415 803 348