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SOLD

909-913 High Street, Armadale, VIC, 3143

Properties / Sold / Victoria / Armadale

Development Potential

1. Property Summary

Property Type

Commercial, Mixed Use

Land Area

870 m² (*approx)

Selling Method

EOI: Closing on Tuesday 28th September 2021 at 2:00pm

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2. Property Highlights

INVESTMENT WITH HIGH POTENTIAL

Aston Commercial are pleased to offer 909-913 High Street, Armadale to the market for sale via Expressions of Interest closing on Tuesday 28th September 2021 at 2:00pm.

This fantastic collection of fully occupied tenancies across four retail shopfronts and one basement tenancy offers investors an opportunity to acquire this landmark site prominently located within the thriving High Street retail strip.

With the certainty of secure multiple income streams today this property also has the flexibility of combining tenancies in the future or the ultimate goal of redeveloping to a high end Mixed Use development leveraging off its city fringe location, access to public transport and lifestyle settings.

A premier retail position on the north side of High Street with significant street presence in the heart of affluent Armadale, providing income today but an enormous opportunity to develop into the future.

Property Highlights:

• Land Area: 870 sqm*
• Five (5) individual tenancies
• Combined Income - $264,387 pa*
• Commercial Zone 1 – C1Z
• Significant street frontage to High Street*
• ROW Access

For further information please contact the exclusive selling agents.

Remember to mention you found this property on DevelopmentReady