SOLD - $7,000,000 (Land Value: $8,652/sqm)
Premium Armadale Retail Freehold Packed with Potential
Savills is delighted to offer for sale this prime retail freehold in a highly sought after position within the heart of the High Street retail precinct. This property represents a fantastic opportunity to acquire a prominent retail freehold building with significant development upside.
The key attributes of 941-951 High Street, Armadale include:
- A large, high quality retail freehold
- Extensive frontage to High Street of 20 metres*
- Huge underlying landholding of 809sq m*, offering outstanding development potential
- Flexible Commercial 1 Zone
- Short-term leaseback provided
- 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 ($2,460,000^) 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!
941-951 High Street, Armadale is For Sale by Expressions of Interest closing Thursday 18 May at 2pm
Nick Peden - 0402 011 266
Clinton Baxter - 0413 569 888
Jesse Radisich - 0402 085 702
Benson Zhou - 0458 488 888
Remember to mention you found this property on DevelopmentReady
