The sale of 329-333 Toorak Road and 2 Tivoli Road, South Yarra incorporated three separate buildings of a combined 587 sqm area with 38 metres of frontage to Toorak Road. The iconic corner property sits in an Activity Centre Zone allowing for development upside for office, residential or mixed-use (S.T.C.A.) on 413 sqm of land. Over 70 enquiries were received throughout the expression of interest campaign run by Jonathon McCormack and Stephen Gorman of Gorman Commercial.
Six expression of interest offers were submitted with the site selling to a local Melbourne based owner occupier looking to build a new office building. Jonathon McCormack declined to disclose the selling price, but mentioned it reflected in excess of $13,000 psm land.
Content & Image courtesy of Gorman Commercial
