505 Malvern RoadToorak VIC 3142
Property Details for 505 Malvern Rd, Toorak
Last Listing description (December 2020)
Hudson Bond Commercial is pleased to offer For Sale via Private Negotiation a Landmark site with unrestricted future development potential.
The property is strategically positioned and the address is available upon request which is Leased on a 3 Year Term with 20 Years worth of options.
The property underwent a $2 Million renovation in 2018 and has a Market Review which will come into affect as of the 9th December 2021 which will see the rental climb significantly.
Key features include:
Commercial 1 Zone
Land Area: 660sqm*
Building Area: 929sqm*
Term: 3 Year Term With 20 Years Worth Of Options
High Traffic Location with Prominent Corner Exposure
Prime for Future Commercial/Residential/Medical Development
Access to Major Arterials i.e. Monash Freeway, Toorak/Burke Roads
For further information seeing as it is private and confidential please contact Hudson Bond Commercial.
Property History for 505 Malvern Rd, Toorak, VIC 3142
- 28 Jan 2021Sold for $5,900,000
- 18 Nov 2020Listed for Sale $6,500,000
- 07 Nov 1984Sold
Recent sales nearby
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About Toorak 3142
The size of Toorak is approximately 4.3 square kilometres. It has 10 parks covering nearly 3.1% of 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 9,339 properties. Over the last 5 years, Houses in Toorak have seen a 12.72% increase in median value, while Units have seen a 8.18% increase. As at 31 December 2025:
- The median value for Houses in Toorak is $4,935,450 while the median value for Units is $1,110,508.
- Houses have a median rent of $850 while Units have a median rent of $673.
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