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1163-1165 High Street
Armadale VIC 3143
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Sold on 3 Mar 2022

1163-1165 High Street Armadale VIC 3143

  • Shop & Retail
  • 374 m²
  • Sold

PROUDLY SOLD BY JLL

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

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

Property Highlights

Date Sold3 Mar 2022
Floor Area374 m²
Land Area391 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017555329
Category
Last updated  8 Mar 2022
Map for 1163-1165 High Street Armadale VIC 3143

Property Highlights

Date Sold3 Mar 2022
Floor Area374 m²
Land Area391 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017555329
Category
Last updated  8 Mar 2022
Level 40 101 Collins Street Melbourne VIC 3000

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