1163-1165 High Street,
Armadale, VIC 3143
Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Tenure type
Sold on
JLL - Melbourne
Level 40, 101 Collins StreetMELBOURNE, VIC 3000
1163-1165 High Street
Armadale, VIC 3143
Map of 1163-1165 High Street
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...
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
JLL - MelbourneLevel 40, 101 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from JLL - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
HUNTINGTOWER™, 1087-1095 High Street,Armadale, VIC 3143 1322 m²Shops & Retail • Offices • Development Sites & Land
Contact Agent
716-718 High Street,Armadale, VIC 3143 465 m²Shops & Retail • Offices • Development Sites & Land