Secure investment to Commonwealth Bank of Australia (CBA), a top 10 ASX listed company, providing a foothold opportunity into the Toorak Village precinct.
With Vicland Property Group's $600M Commercial & Retail development, anchored by a Coles Supermarket in immediate proximity, the property is well placed to capitalise on the increased foot traffic flow as a result.
Key Property Features:
2 + 2 years lease to CBA commenced April 2021
Net Lettable Area: 109.4m*
Rent $80,000*p.a. net plus GST
Located in the heart of Toorak Village
Ideal 'set and forget' investment
*Denotes Approx
The size of Toorak is approximately 4.3 square kilometres. There are 10 parks, covering nearly 3.1% of the total area. The population of Toorak in 2016 was 12909 people. By 2021 the population was 12817 showing a population decline of 0.7% in the area during that time. The predominant age group in Toorak is 20-29 years. Households in Toorak are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Toorak work in a professional occupation.In 2021, 65.20% of the homes in Toorak were owner-occupied compared with 61.70% in 2016.
Toorak has 9,269 properties. Over the last 5 years, Houses in Toorak have seen a -11.69% decrease in median value, while Units have seen a 4.35% increase. As at 30 April 2026:
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