Gorman Allard Shelton in conjunction with Little Real Estate are pleased to offer for sale this modern ground floor retail suite located in the heart of South Yarra's activity centre.
The property is being offered for sale by Public Auction on Thursday 7 December at 12pm on-site.
Key details include;
- Building Area: 157 sqm*
- Current Income: $86,977 pa* + GST
- Nine (9) year lease commencing 1 January 2016
- Two (2) further terms of five (5) years each
- Three car spaces
- Activity Centre Zoning
- Located within the prestigious Toorak Road retail precinct and surrounded by quality retailers, hotels and entertainment venues, restaurants and cafes
- Located directly opposite South Yarra train station and the new Metro station
Contact us today for an immediate inspection!
*Approx
The size of South Yarra is approximately 3.6 square kilometres. It has 19 parks covering nearly 19.1% of 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 26,167 properties. Over the last 5 years, Houses in South Yarra have seen a -8.74% decrease in median value, while Units have seen a -6.08% decrease. As at 31 March 2026:
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