1123 High Street Armadale VIC 3143

Shop & Retail
170 m²
Sold

Classy High Street Investment

Rare Offering In Tightly Held Precinct
3 + 3 Year Lease to Quality Tenant
Prime High Street Location

- Centrally positioned within one of Melbourne most valuable and in demand shopping precincts
- Beautifully presented building of 170sqm approx
- Land Area of 225sqm approx.
- Excellent rear access via wide right of way from Huntingtower Rd
- Garaged on site parking at rear
- 3 + 3 year lease to long established tenant, Eternal Bridal
- Returning $79,040 per annum (as at 1/11/19) plus outgoings and GST
- Opportunity for future rental uplift
- Commercial 1 Zone
- Significant further development potential (stca) with concept plans prepared for a 4 Level mixed use building encompassing shop and 6 apartments
- Located within the prime trading section of High Street between Kooyong Road and Glenferrie Road
- Surrounded by a number of Australias leading retailers including Scanlan Theodore, Mecca, Aesop, Seed, Midas, Sheridan, Zimmermann, Gorman, Sportcraft and Woolworths Supermarket - to name a few
- Brilliant investment opportunity with strong future upside positioned within proven retail precinct

Supporting Documents

Brochure

Zoning

Address	1123 High Street Armadale VIC 3143
Zoning	C1Z - Commercial 1 Zone (C1Z)
Council	STONNINGTON CITY
	We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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