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1147-1151 High Street, Armadale VIC 3143

Development Potential
DETAILS
Commanding Mixed Use Opportunity In Blue Chip Location
  • Versatile Site of 425sqm*
  • Priceless Frontage of 14 Metres*
  • Significant Develop Potential (stca)
 
Fitzroys is delighted to present For Sale by Expressions of Interest closing Wednesday 17 November, a quality land rich asset located at 1147-1151 High Street, Armadale
 
- High profile property located within the heart of one of Melbourne’s strongest performing retail strips with consistently low vacancy rates
- Generous land area of 425sqm* 
- Expansive retail frontage of almost 14 metres
- Valuable rear and side laneway access plus on-site parking
- Commercial 1 zoning provides for a range of multi-level mixed use development outcomes (stca)
- Building comprises ground floor retail showroom plus separate immaculate double storey 3 bedroom residence
- Leased to long standing tenant Armadale Antique Centre (lease expiring 31 August 2022, no options)
- Returning $215,120 per annum plus GST
- Surrounded by a plethora of high end retailers including Sportscraft, Scanlon Theodore, Zimmermann, Aesop, Mecca Cosmetics, Decujba, Seed, Gorman along with Woolworths and a host of notable cafes and restaurants
- Directly in front of tram stop and a short walk to Armadale train station
- High Street services an exclusive catchment of Melbourne most prestigious suburbs including Toorak, South Yarra, Armadale, Malvern and Prahran
- This highly versatile property is suited to investors, owner occupiers and developers (stca)
 
FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 17TH NOVEMBER AT 2pm
Remember to mention you found this property on DevelopmentReady.com.au
DEVELOPMENT SITE SUMMARY
EOI:
TITLE:
Contact Agent
Property Area
AREA:
425 m² (*approx)
Property Type
TYPE:
Commercial, Mixed Use, Greenfield / Land Site, Office, Retail / Shopping Centre, Greenfield / Land Site, Office, Retail / Shopping Centre
Development Potential
DEVELOPMENT APPROVAL:
Commercial Development Opportunity (STCA)

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1147-1151 High Street, Armadale VIC 3143

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