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Overview
PRIZED SOUTH YARRA FREEHOLD LEASED TO HIGH PERFORMING RESTAURANT
This commercial freehold property at 156 Toorak Road, South Yarra, offers a rare investment opportunity in one of Melbourne's most dynamic precincts. The two-storey building encompasses approximately 164 square meters of building area on a well-proportioned 142 square meter site, featuring rear access via Davis Avenue and Osborne Street.
Strategically located within the heart of South Yarra's booming growth area, this property benefits from favourable Activity Centre Zoning (ACZ1), surrounded by major high-rise developments and a vibrant mix of national and local tenants including Neds, Mecca, Gumtree, IGA, Vintage Cellars, and France-Soir. The site enjoys a strong day and night trading position, making it an attractive asset for commercial investors.
The property is currently leased to Wagyu Ya, an iconic South Yarra restaurant with four locations across Melbourne, under a secure 5 + 5 year lease arrangement. The lease returns an annual income of $109,273 plus outgoings and GST, providing a stable and reliable income stream.
Just 50 meters from South Yarra Station, the busiest station on the metro network outside of Melbourne's CBD, the location benefits from high foot traffic with approximately 32,000 passengers per day. This accessibility enhances the property's appeal for retail and hospitality uses.
The precinct is undergoing significant transformation with numerous major commercial, residential, and build-to-rent developments in various stages of planning and construction, positioning this property for future capital growth and increased demand.
Overall, 156 Toorak Road represents a prime freehold investment opportunity in Melbourne's most exciting growth precinct, combining a secure tenant, strong location, and excellent zoning provisions.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
South Yarra VIC 3141
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 164 m² |
Market Insights for South Yarra VIC 3141
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