The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailStaff WriterWed 03 Dec 14

South Yarra Emerges As Retail Investment Hotspot

S

South Yarra is emerging as an up and coming investment hotspot, as buyers cast their gaze to city fringe locations amid supply shortages and yield contractions in the CBD.

Tom Tuxworth, CBRE Senior Manager, City Sales & Strata Commercial, said a shortfall of stock in Melbourne’s CBD and tightening yields were forcing buyers to look to inner-city suburbs for investment options.

Highlighting the recent trend is the sale of a 55 square metre retail shop in South Yarra to a local investor for $850,000.

Mr Tuxworth negotiated the sale in conjunction with fellow agents Rorey James and Nick Lower on behalf of Icon Constructions. The sale equated to a rate of $15,455 per square metre and a yield of 5.2 per cent.

“This sale reflects the high level of confidence in the area for retail investments leased to food and beverage operators,” Mr Tuxworth said.

“The prominent ground floor corner location and high volume of foot and car traffic provides an ideal position for this retailer.”

The trio also recently negotiated the sale of a 64-square metre retail shop at Williams Road to an offshore investor for $780,000 on behalf of Icon Construction.

“This is further evidence of increased demand from local and offshore buyers for city fringe investment properties,” Mr Tuxworth explained.

Mr James said South Yarra was fast becoming a desirable location to invest.

“Renowned for its thriving café culture and bustling retail market, South Yarra is flying high on the radar of investors, with a number of local and offshore buyers jumping at the opportunity to purchase in the area,” Mr James said.

RetailAustraliaPlanningReal EstatePlanningSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
View All >
Warren and Mahoney's rendering of Leftfield's project at 691-693 Burke Road, in Melbourne's Camberwell.
Residential

Leftfield Lifts Cover on 14-Storey Scheme at Camberwell

Marisa Wikramanayake
Third.i Crows Nest Dolls House render EDM
Build-to-Rent

Thirdi Scraps Office Tower for Crows Nest Over-Station Site

Vanessa Croll
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
Top marks for developer’s move from ‘crammed’ city towers to spacious suburban student accommodation…
LATEST
Warren and Mahoney's rendering of Leftfield's project at 691-693 Burke Road, in Melbourne's Camberwell.
Residential

Leftfield Lifts Cover on 14-Storey Scheme at Camberwell

Marisa Wikramanayake
3 Min
Third.i Crows Nest Dolls House render EDM
Build-to-Rent

Thirdi Scraps Office Tower for Crows Nest Over-Station Site

Vanessa Croll
4 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Kangaroo Point Aria Canopy House Revised DA Approval hero
Development

Aria’s Revised Tower Greenlit for Inner-City Kangaroo Point

Phil Bartsch
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/south-yarra-emerges-as-retail-investment-hotspot