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 085 702
Josh Rutman | 0411 27 37 46
Tim Carr | 0415 767 915
Mingxuan Li 李名 轩 | 0498 688 998
· A trophy single level retail freehold
· Longstanding tenant of 12 years
· Permit for boutique project
Remember to mention you found this property on DevelopmentReady
