The Ultimate Armadale Land Bank Opportunity
Savills is delighted to offer for sale these two premium adjoining freeholds in a highly sought after position within the heart of the High Street, Armadale retail precinct. The property represents a fantastic opportunity to acquire two retail freeholds with an enormous land content and significant development upside.
The key attributes of 929-933 High Street, Armadale include:
* Two adjoining high quality retail freeholds
* Enormous landholding of 818sq m*
* Extensive 20m* retail frontage
* Flexible Commercial 1 Zone, offering outstanding development potential
* High quality existing improvements providing existing income
* A premium location within the heart of High Street, Armadale – regarded as Melbourne’s most high profile, luxury shopping strip
* Close proximity to Glenferrie Road retail and Malvern Central Shopping Centre
* Situated opposite Armadale Train Station and surrounded by Melbourne’s finest retail and lifestyle amenity
* An affluent position and proven location for luxury apartment projects supported by a high median house price ($2,115,000*) and some of the highest apartment sales rates throughout Melbourne
* A truly rare, blue-chip investment and development opportunity within Melbourne’s most sought after retail/residential precinct!
929-933 High Street, Armadale is For Private Sale.
For further information, please contact:
Nick Peden - 0402 011 266
Clinton Baxter - 0413 569 888
Jesse Radisich - 0402 085 702
Remember to mention you found this property on DevelopmentReady
