301/72 River StreetSouth Yarra VIC 3141
Property Details for 301/72 River St, South Yarra
Last Listing description (November 2023)
POINT OF INTEREST:
While others are interested in the postcode, astute investors have recognised the seismic and strategic opportunity in seizing long term tenanted and modern offices like these. The suites can be purchased separately or together, and both have long established River Street businesses. Suite 101 is 494 sqm* and enjoys $210,000 in annual leasing income, while suite 301 is 234 sqm* and offers $97,850 back into your finances. And no ones surprised why theyve set up shop here. There are multiple outdoor areas including open-air entertaining terraces, high bay windows and ceilings, lift access, and a contemporary design, but the most compelling unique selling point is what sits outside the office. River Street sits moments from Toorak Road, Chapel Street, and the Como Centre pointing to an enviable work lifestyle where amenity is of the highest calibre. Both packages have secure undercover car parking allocated, but across the road offers an additional 600 car spaces, a detail for the investor, not the occupier, considering work knock-offs will sway employees to catch the myriad of public transport within their orbit.
-Suite 101 - Whole of Level 1
- Leased to 1010 Capital on a new five-year agreement.
- $210,000 in annual leasing income.
- 494 sqm* in total building area.
- 3 allocated car spaces.
- Suite 301 - Whole of Level 3
- Leased to BWA Accountants & Business Advisors on a five-year agreement.
- $97,850 in annual leasing income.
- 234 sqm* in total building area.
- 2 allocated car spaces.
-Property features
- Mixed use building comprising 3 levels of office and 3 levels of high - end apartments.
- Activity centre zoning.
- Substantial depreciation benefits.
- Car park opposite provides 600 spaces.
- 150 m* to Chapel Street.
POINT OF VIEW:
South Yarra hasnt stopped booming for a decade. And with a standard of office suites rivalling the premium location, there isnt a more sound (or lucrative) move on the market.
*Approx.
Pricing excludes GST
Property History for 301/72 River St, South Yarra, VIC 3141
- 13 Jan 2025Sold for $1,630,000
- 05 Oct 2023Listed for Sale Contact Agent
- 30 Apr 2021Listed for Rent - Price not available
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About South Yarra 3141
The size of South Yarra is approximately 3.6 square kilometres. There are 19 parks, covering nearly 19.1% of the total area. The population of South Yarra in 2016 was 25147 people. By 2021 the population was 25028 showing a population decline of 0.5% in the area during that time. The predominant age group in South Yarra is 20-29 years. Households in South Yarra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Yarra work in a professional occupation.In 2021, 35.50% of the homes in South Yarra were owner-occupied compared with 32.60% in 2016.
South Yarra has 26,620 properties. Over the last 5 years, Houses in South Yarra have seen a -19.78% decrease in median value, while Units have seen a -7.48% decrease. As at 31 August 2026:
- The median value for Houses in South Yarra is $1,876,468 while the median value for Units is $594,082.
- Houses have a median rent of $905 while Units have a median rent of $625.
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