Historic South Yarra hairdresser trades for $6.2m
The historic building South Yarra building occupied 20 years by the Joey Scandizzo Salon sold at auction yesterday.
The $6.151 million result for 168-170 Toorak Road reflects a 2.84 per cent net passing yield.
Developed in 1890 as one of Melbourne’s first banks, it contains 482 square metres over three floors.
A major refurbishment was completed by Studio Kennon in 2020.
The occupier has renewed for five years from March, 2026.
It also has a five year option.
The site spreads 356 sqm with 11 car parks accessed from a rear laneway.
JLL’s Jesse Radisich, Josh Rutman, Ramanor Falconer and MingXuan Li acted for the vendor which held 53 years.
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