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JLL - Melbourne

1163-1165 High Street Armadale, VIC 3143

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1163-1165 High Street,
Armadale, VIC 3143

Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land

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JLL - Melbourne
Tim Carr
Josh Rutman
MingXuan Li 李名轩
Jesse Radisich

JLL - Melbourne

Level 40, 101 Collins Street
MELBOURNE, VIC 3000
JLL - Melbourne
1163-1165 High Street
Armadale, VIC 3143

Map of 1163-1165 High Street

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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 7...
Josh Rutman | 0411 27 37 ...
Tim Carr | 0415 767 9...
Mingxuan Li 李名 轩 | 0498 688 9...

Property ID: 503992159Last Updated: 29 Apr 2022

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