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SOLD

941-951 High Street, ARMADALE, VIC 3143

Properties / Sold / Victoria / Armadale

Development Potential

1. Property Summary

Property Type

Commercial

Land Area

809 m² (*approx)

Selling Method

SOLD:

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2. Property Highlights

SOLD - $7,000,000 (Land Value: $8,652/sqm)

Premium Armadale Retail Freehold Packed with Potential

Savills is delighted to offer for sale this prime retail freehold in a highly sought after position within the heart of the High Street retail precinct. This property represents a fantastic opportunity to acquire a prominent retail freehold building with significant development upside.

The key attributes of 941-951 High Street, Armadale include:

- A large, high quality retail freehold

- Extensive frontage to High Street of 20 metres*

- Huge underlying landholding of 809sq m*, offering outstanding development potential

- Flexible Commercial 1 Zone

- Short-term leaseback provided

- A premium location within the heart of High Street, Armadale – regarded as Melbourne’s most high profile, luxury shopping strip

- Close proximity to Glenferrie Road retail and Malvern Central Shopping Centre

- Situated opposite Armadale Train Station and surrounded by Melbourne’s finest retail and lifestyle amenity

- An affluent position and proven location for luxury apartment projects supported by a high median house price ($2,460,000^) and some of the highest apartment sales rates throughout Melbourne

- A truly rare, blue-chip investment and development opportunity within Melbourne’s most sought after retail/residential precinct!

941-951 High Street, Armadale is For Sale by Expressions of Interest closing Thursday 18 May at 2pm

Nick Peden - 0402 011 266

Clinton Baxter - 0413 569 888

Jesse Radisich - 0402 085 702

Benson Zhou - 0458 488 888

Remember to mention you found this property on DevelopmentReady