The 12 strata apartments at 65 Tivoli Road, South Yarra are for sale through Cushman & Wakefield’s Hamish Burgess, Daniel Wolman and Oliver Hay via Expressions of Interest, to be acquired in one line, fully leased and underpinned by strong recurring income.
Positioned on a substantial 620 sqm* landholding within a leafy, blue-chip streetscape, the offering combines immediate cash flow with longer-term optionality, a combination that continues to resonate strongly with private investors and syndicators seeking both income security and future upside.
With a guide price of circa $5 million, the asset’s proximity to key lifestyle drivers, including Chapel Street, Toorak Road and the Yarra River, along with easy access to public transport, reinforces its appeal to tenants and investors alike.
The site is zoned Neighbourhood Residential Zone (NRZ-2), and offers an 18 metre street frontage to Tivoli Road, rear laneway access and six on-site at grade car spaces, as well as current gross annual rent over $234,520 per annum from private market rent.
Hamish Burgess of Cushman & Wakefield said “This property delivers immediate holding income while presenting clear upside through repositioning, reconfiguration or full redevelopment (STCA), all within a tightly held prestige suburb where median house prices sit around $2.1 million.”
"The campaign is expected to attract a broad and competitive buyer pool, particularly those seeking scale in tightly held inner-Melbourne locations.
“This type of offering is exceptionally rare, a full block of apartments in South Yarra, fully leased and offering immediate income, with the flexibility to reposition or enhance over time.
“We’re seeing strong demand from private high-net-worth investors, family offices and syndicators who are looking for assets that provide both stable returns and strategic optionality. The ability to control an entire building in a location like this is a key driver” he said.
Daniel Wolman of Cushman & Wakefield said the property’s fundamentals extend beyond its income profile, with the underlying landholding and configuration providing multiple pathways for future value creation.
“Opportunities like this are not just about income, they’re about control, flexibility and long-term positioning in one of Melbourne’s most proven residential markets.
“The scale of the site, combined with its premium location and existing holding income, allows buyers to consider a range of outcomes, whether that’s maintaining the asset as a high-performing investment, undertaking a refurbishment, or exploring redevelopment potential, subject to approvals” he said.
Units 1-12, 65 Tivoli Road, South Yarra is for sale through Cushman & Wakefield via Expressions of Interest closing Thursday, 30th April at 2:00 PM (AEST).
