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SOLD
1163-1165 High Street, Armadale, VIC 3143
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Property Highlights

PROUDLY SOLD BY JLL
  • A trophy single level retail freehold
  • Longstanding tenant of 12 years
  • Permit for boutique project

Offered to the market for the first time since 1985, the JLL Melbourne Commercial Sales team is pleased to present for public sale this first-class retail freehold building with exceptional upside potential at 1163-1165 High Street, Armadale.

Key details of the opportunity include:

- A high-profile retail freehold with extensive 12m frontage to High Street

- Positioned in the heart of the premium High Street retail strip

- High quality retail asset which benefits from valuable and wide rear laneway access

- Longstanding tenant on a monthly tenancy arrangement – Sofa’s Direct (three locations in Melbourne)

- Significant current income with enormous rental upside

- Flexible opportunity for investors, owner-occupiers and developers

- Approved permit and endorsed plans for boutique retail and apartment project

- High Street, Armadale is arguably Melbourne’s most desirable and highly sought-after retail strip, consistently experiencing one of Melbourne’s lowest rental vacancy rates

- Highly affluent and captive local residential catchment with median house price above $2,500,000

- A first-class investment or owner-occupation opportunity - In one of Melbourne’s most premium and sought-after suburbs

PROUDLY SOLD BY JLL

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

 

Jesse Radisich | 0402 085 702

Josh Rutman | 0411 27 37 46

Tim Carr | 0415 767 915

Mingxuan Li  李名 轩  | 0498 688 998

·          A trophy single level retail freehold

·          Longstanding tenant of 12 years

·          Permit for boutique project

Remember to mention you found this property on DevelopmentReady

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