1163-1165 High Street Armadale VIC 3143

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   | 0498 688 998

·          A trophy single level retail freehold
·          Longstanding tenant of 12 years
·          Permit for boutique project