IDEALLY POSITIONED TOORAK DEVELOPMENT SITE

Teska Carson are pleased to present 549 Toorak Road, Toorak for sale via Expressions of Interest closing Thursday 7 October 2021 at 3pm.<br/><br/>High on the hill, some 100 metres from Toorak Village, this beautifully proportioned development site will ensure a luxury apartment building will sit proudly amongst Toorak’s elite.<br/><br/>Key attributes of this outstanding opportunity:<br/><br/>- Offered for sale for the first time in over 70 years<br/>- 1,278m2 of prime Toorak land<br/>- Currently comprising 12 x strata titled two bedroom units over three levels<br/>- Potential fully let income of $224,300 per annum<br/>- Precedent for 4 level luxury apartment development (STCA)<br/>- Metres from Melbourne’s prestigious and tightly held Toorak Village shopping strip, offering an abundance of retail, cafes, restaurants plus Woolworths and the soon to be brand new Coles supermarket<br/>- Toorak has long held the record for median house price, currently $4,950,000<br/><br/>Please call for further information.