Prestige Armadale retail holding hits the market on High Street
An opportunity has emerged for investors to secure an address on one of Melbourne’s most prestigious shopping and lifestyle strips, with the listing of 1203-1205 High Street, Armadale.
The double-fronted freehold occupies a prime position within Armadale’s luxury retail precinct, a high-performing hub home to leading fashion and lifestyle brands, including Zimmermann and Scanlan Theodore, as well as top restaurants and wellness destinations.
The property spans approximately 431 square metres of floor area over two levels, set on a land parcel of about 322 square metres. The current tenants include Endota Spa, a nationally recognised wellness and beauty brand, and Small Wins Cafe, an established local hospitality operator. They deliver strong rental returns totalling $234,000 per annum with future potential for rental uplift or redevelopment (STCA).
Marketed by Alex Ham and Michael Gross of Gross Waddell ICR, the property offers excellent exposure to both pedestrian and vehicle traffic. Its position between Kooyong and Glenferrie Roads places it among the most tightly held retail addresses in Melbourne, where freehold ownership is predominantly long-term.
“The strip is one of Melbourne’s most established and prestigious retail and lifestyle destinations, characterised by long-term ownership and tightly held freeholds,” says Ham.
“Properties like this seldom come to market, as most are retained within private portfolios due to the strength and consistency of the location.”
Ham says the property represents an outstanding investment opportunity combining secure income, capital growth potential and enduring market confidence.
“High Street, Armadale, is underpinned by strong tenant demand, low vacancy rates and steady rental growth,” he says.
“The area’s affluent catchment and established mix of national retailers, fashion boutiques and hospitality operators ensure ongoing trade and investment stability. With limited new retail supply, this property offers both reliable income and long-term capital growth prospects.”
Interest in the campaign has been strong, attracting enquiries from a wide range of investors, including private buyers, self-managed super funds, family offices, and offshore purchasers, particularly from Asia.
“We’ve experienced excellent enquiry, buyers are drawn to the property’s strong lease covenant, prime location and the rarity of such opportunities along this part of High Street.”
