A premier retail property situated in one of Melbourne’s most coveted retail precincts, Toorak Road, has been brought to market by Colliers agents Lucas Soccio,  Ben Baines and James Zhuang.  

The property, located at 63 Toorak Road, South Yarra, is strategically positioned amidst a vibrant mix  of high-end hospitality and fashion operators, significantly enhancing its appeal and foot traffic. 

The investment is anchored by a secure, long-term lease to Antaeus Flowers, offering a stable income of $41,200 per annum with fixed annual increases. The lease features a strong covenant  with options extending until 2033, providing investors with a reliable, long-term revenue stream. 

With prominent exposure onto Toorak Road and immediate access to South Yarra Station, the  property benefits from significant visibility and convenience. The surrounding area is well-equipped  with quality amenities, further adding to its investment attractiveness. 

“The ability to purchase a property along Toorak Road with both a strong tenant and a long-term  lease is hard to come by,” said Mr Soccio. “The property presents a compelling opportunity for  investors seeking a prestigious location, stable income, and potential for long-term growth.” 

Colliers Director Ben Baines added, “The retail market has seen confidence levels return, with  investment assets situated in a-grade locations, encompassing strong tenants and long-term leases,  seeing the majority of the demand.” 

“Assets priced around $1,000,000 have attracted the majority of interest from retail investors since the start of 2024.” 

The highly sought-after investment opportunity is available through an on-site public auction,  scheduled to take place on Friday, 13th September, at 1pm (AEST).

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