Double Storey Complex in Toorak Road, South Yarra, Sells For $6.7 Million
A DISTINCTIVE Tudor style complex in Toorak Road, South Yarra, with five ground floor shops and an upstairs office, has sold for $6.7 million.
Based on the assets annual rent of $296,021, the 638 square metre building sold on a low yield of 4.4 per cent.
Knight Frank’s Marcus Quinn and Paul Henley sold the asset at 307 – 315 Toorak Road.
Mr Quinn said the property offers the new owner plenty of value-adding potential, covering just 50 per cent of the 1000 square metre land area.
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