59A & 61 Armadale Street & 12 Fetherston Street,
Armadale, VIC 3143
Shops & Retail • Offices
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Gorman Commercial Real Estate
L1 /415 Riversdale RoadHAWTHORN EAST, VIC 3123
59A & 61 Armadale Street & 12 Fetherston Street
Armadale, VIC 3143
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VERSATILE CORNER OPPORTUNITY IN BLUE CHIP LOCATION
- Current income: $124,518 pa
- Potential rental uplift
- Combined frontage of 35 metres
Auction: Friday 20th September at 12 noon on-site
Rare opportunity to acquire this exceptional freehold investment with three separate tenancies including longstanding and well-known tenant, Coin Laundry Cafe.
* Current income: $124,518 pa + GST + outgoings
* Potential rental uplift with a current vacant office tenancy of 80 sqm approx.
* Combined frontage of 35 metres (Armadale Street - 15 metres, Fetherston Street - 20 metres)
* Directly opposite Armadale Train Station and 200 metres to High Street retail
* Three (3) separate titles to be offered as one
Located within the affluent suburb of Armadale, this unique offering is within close proximity to excellent public transport and a variety of lifestyle amenity.
Rare opportunity to acquire this exceptional freehold investment with three separate tenancies including longstanding and well-known tenant, Coin Laundry Cafe.
* Current income: $124,518 pa + GST + outgoings
* Potential rental uplift with a current vacant office tenancy of 80 sqm approx.
* Combined frontage of 35 metres (Armadale Street - 15 metres, Fetherston Street - 20 metres)
* Directly opposite Armadale Train Station and 200 metres to High Street retail
* Three (3) separate titles to be offered as one
Located within the affluent suburb of Armadale, this unique offering is within close proximity to excellent public transport and a variety of lifestyle amenity.
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
Gorman Commercial Real Estate L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123
HAWTHORN EAST, VIC 3123
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