627 Malvern Road, Toorak, VIC 3142 | Property Value & History | OnTheHouse
 
OFF MARKET

627 Malvern Road
Toorak VIC 3142

Bedrooms: -
Bathrooms: -
Car spaces: 7
Land area: 635m2
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Property Details for 627 Malvern Rd, Toorak

Building Type
Commercial
Year Built
2015
Land Size
635m2
Local Government
Stonnington
Lot/Plan
1/PS724263

Last Listing description (January 2020)

Colliers International are pleased to offer 627 Malvern Road, Toorak for sale by Public Auction on Wednesday 11th December 2019 at 12.30pm on-site.

Fully leased to Bupa Dental Corporation, Australia & New Zealands largest dental group, this stunning heritage building Airlie, is an incredibly rare medical investment opportunity, in the heart of Toorak, only metres from Hawksburn Village.


Key investment highlights are as follows:

- Securely leased to Bupa Dental Corporation, Australia & New Zealands largest dental group
- Current income of $343,159* p.a.
- Stunning two storey heritage building with 8 surgery rooms and 16 rooms in total, all featuring exceptional ceiling heights and natural light
- Leased until 2023, plus two further options
- Incredibly successful, long-standing dental practice
- Site area of approximately 640m
- Excellent transport network and proximity to quality education and lifestyle precincts of Toorak, South Yarra, Prahran, Windsor and Armadale.

Inspection times are as follows;

Wednesday 20th November 2019: 12:00pm-12:30pm
Wednesday 27th November 2019: 12:00pm-12:30pm
Wednesday 4th December 2019: 12:00pm-12:30pm

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Property History for 627 Malvern Rd, Toorak, VIC 3142

A timeline of how this property has performed in the market
  • 13 Nov 2019
    Listed for Sale Please contact agent
  • 30 Oct 1993
    Listed for Sale Not Disclosed
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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 9,341 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.
There are currently 9 properties listed for sale, and 8 properties listed for rent in Toorak on OnTheHouse. According to Cotality's data, 445 properties were sold in the past 12 months in Toorak.

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