End of an era as Henry Bucks quits Toorak Village store

After more than 30 years, Henry Bucks quit 478 Toorak Road last year.

Welner Lawyers has leased the Toorak Road store which was for more than 30 years home to Henry Bucks.

The incoming occupier is paying starting annual net rent of $85,000 for 142 sqm within the double storey Tudor building at 478 Toorak Road.

The offering includes eight car parks off Lamin Lane.

Morley’s Tom Larwill marketed the space as a whole or as a ground floor shop and upper level office.

It was also promoted to essential services, hospitality and recreational related businesses.

Multiple offers from “high calibre” groups came in, he added.

The property has 14 metres of Toorak Rd frontage (story continues below).

Henry Bucks quit the outlet following Melbourne’s second COVID lockdown; it still trades in the CBD at 320 Collins St.

Mr Larwill said Toorak Village continues to have a low retail vacancy rate

In September, chef Dennis Hager rented a 60sqm former bakery at 472 Toorak Rd for a takeaway focused hospitality venture.

Opposite there, Vicland is readying to build a nine storey, c12,000 sqm office with ground floor retail on the Village Way arcade and car park at 489-505 Toorak Rd – a site which cost c$80m in mid-2019.

Two months ago a developer paid $5.1m – 10pc over guide – for a house 410 Toorak Rd, at the western edge of Toorak Village.

The offering included eight car parks and 142 square metres of area over two floors.
The site (marked) is about six kilometres south east of Melbourne.
The property has 14 metres frontage to Toorak Road.
The asset occupies a 420 square metre Commercial 1 zoned site.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.