12/101-105 Toorak RoadSouth Yarra VIC 3141
Property Details for 12/101-105 Toorak Rd, South Yarra
Last Listing description (August 2016)
Perfectly positioned in prime Toorak Road, South Yarra location amongst many of Melbourne's leading retailers and restaurants.
The property is well serviced by transport with tram at your door and South Yarra train station only meters away.
Rarely does such an affordable commercial investment come up in such a prized location.
Currently returns around 8% YIELD. Leased at $15,240 per annum + GST. Vacant possession is available.
OPEN TO INSPECT THURSDAYS 12.30 - 1.00PM
Property History for 12/101-105 Toorak Rd, South Yarra, VIC 3141
- 30 Apr 2024Sold for $250,000
- 25 Feb 2016Sold for $232,000
- 03 Feb 2016Listed for Sale Not Disclosed
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About South Yarra 3141
The size of South Yarra is approximately 3.6 square kilometres. It has 19 parks covering nearly 19.1% of total area. The population of South Yarra in 2011 was 19,134 people. By 2016 the population was 25,143 showing a population growth of 31.4% in the area during that time. The predominant age group in South Yarra is 20-29 years. Households in South Yarra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Yarra work in a professional occupation. In 2011, 36.8% of the homes in South Yarra were owner-occupied compared with 32.6% in 2016.
South Yarra has 25,491 properties. Over the last 5 years, Houses in South Yarra have seen a 6.39% increase in median value, while Units have seen a -3.84% decrease. As at 31 October 2024:
- The median value for Houses in South Yarra is $2,115,046 while the median value for Units is $599,695.
- Houses have a median rent of $725 while Units have a median rent of $588.
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