Key investment considerations include:
+ Prime freehold land of 225 sq m*
+ Positioned on the corner of Toorak Road and Forster Street, directly opposite The Como Centre.
+ Wide double frontage to Toorak Road of 9 metres*
+ Extensive frontage to Forster Street (direct thoroughfare to Oxford St) of 24 metres*
+ Combined frontage of 33 metres*
+ Single level restaurant building of 208 sq m* in excellent condition.
+ Renewed 6 year lease (plus options) from 1 May 2023 to high performance multi-venue Japanese restaurant business ‘Oushou’
+ Located in thriving restaurant, hospitality and retail precinct, opposite Palace Cinema Como
+ Positioned at the epicentre of South Yarra which has recently benefited from major office and hotel development activity which has increased the local population of office workers, tourists and residents.
+ Further transformation is underway with an enormous pipeline of high quality office, hotel, build-to-rent and build-to-sell residential development – various projects currently under construction and in planning.
+ Development activity anticipated to significantly boost all-week pedestrian footfall and consumer population catchment driving potential for significant retail rental growth.
+ The property provides future development or value add potential (STCA) with current council guidelines indicating preferred maximum building height of 21 metres (6-storeys) with setback (STCA).
+ Outstanding opportunity to invest with confidence in one of Australia’s most exciting growth precincts providing excellent potential for rental growth and providing future development or value add potential (STCA).
For sale by public auction on Thursday 1st June at 12:30pm on site.
For further information, contact the exclusive agents
*Denotes approximate
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