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Sutherland Farrelly - East Melbourne

2A Kingsway Armadale, VIC 3143

Directions

2A Kingsway,
Armadale, VIC 3143

Shops & Retail • Showrooms & Large Format Retail • Offices

Key property information

Floor area

Car spaces

Tenure type

Sold on

Sutherland Farrelly - East Melbourne
Grant Sutherland
Paul Sutherland

Sutherland Farrelly - East Melbourne

43 Agnes Street
EAST MELBOURNE, VIC 3002
Sutherland Farrelly - East Melbourne
2A Kingsway
Armadale, VIC 3143

Map of 2A Kingsway

Directions

RECEIVERS' AUCTION - A JOYFUL INVESTMENT

Under instructions from McGrathNicol

Modern retail space

Leased to Joyful Pilates for 7 years, at a Gross rent of $76,500 pa

Building Area: 200 sqm* plus outdoor terrace area

2 car spaces and a storage cage

Commercial 1 Zone

Only metres from High Street and adjoining Armadale Station

Prestigious Armadale location, with local businesses including Victor Churchill Butcher, Neds Local European, Kings Arcade, Bouzy Bar Armadale, James Said Bistro

Rare investment opportunity

Well presented premises

Median house price in Armadale $2,690,000 (source realestate)

Excellent transport accessibility

*approx

Armadale, 3143 demographic data

The median household income for Armadale is $2,193, 15% higher than Greater Melbourne's household income of $1,901. Armadale has an older age profile compared to the rest of Greater Melbourne (median age 38 vs 37). Property ownership data shows 43% of property owners in Armadale have a mortgage.

9,368
Population
$2,193 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households

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