Property Details for 467 Toorak Rd, Toorak
Last Listing description (April 2023)
BLUE CHIP FREEHOLD INVESTMENT
Teska Carson is pleased to offer to the market this exceptional retail investment situated in the absolute heart of Toorak Village.
Securely leased to longstanding Toorak Village tenant Eyescan returning $87,419 per annum + GST & Outgoings.
Lease term of five (5) years with a further five (5) year option, having commenced 1 July 2019.
Fixed annual increases of 3% and a market review at option.
Flexible Commercial 1 zoning allowing multiple options for future use (STCA).
Situated in the heart of the tightly held Toorak Village, which services Melbourne's most affluent residential suburbs.
Located next to Vicland Property Groups $600M commercial re-development of Village Way, which will house 12,000sqm* of A Grade office space over 8 levels and a ground floor Coles Supermarket.
Please call for further information or to arrange an inspection.
Property History for 467 Toorak Rd, Toorak, VIC 3142
- 19 Mar 2021Listed for Sale Contact Agent
- 30 Apr 2019Listed for Rent - Price not available
- 13 Feb 2019Listed for Rent - Price not available
Recent sales nearby
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About Toorak 3142
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 9,270 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:
- The median value for Houses in Toorak is $4,401,350 while the median value for Units is $1,095,755.
- Houses have a median rent of $1,700 while Units have a median rent of $650.
Suburb Insights for Toorak 3142
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