883-889 High Street Armadale VIC 3143

JLL & Stonebridge Property Group are pleased to present 'High & Osment, Armadale' a premium development opportunity at 883889 High Street & 2327 Osment Street, Armadale.

Key highlights of the property include:
+ Prominent 1,585 sqm* landholding along High Street, one of Australia's most prestigious retail strips
+ 58.22 m* of dual street frontage to High Street and Osment Street
+ Predominantly Commercial 1 Zone*, benefiting from proximity to 'Armadale Major Activity Centre', which allows for residential, commercial, retail (including supermarkets), student accommodation, or hotel outcomes (STPA)
+ Strong holding income on short term leases
+ Proximity to world class retail including over 30 international fashion brands as well as cafes, eateries, restaurants and bars
+ Armadale Train Station (175 m*) and Tram 6 along High Street (100 m*) provide direct Melbourne CBD access
+ Affluent area with a median house price of $2,325,000^^, significantly greater than the Melbourne average and income 60% higher than the Victorian Average**
+ Numerous surrounding projects demonstrating apartments sales in excess of $25,000/sqm
+ Situated in Armadale, a location synonymous with luxury residential development, and one of the precinct's last remaining development opportunities of scale (STPA)

**REIV
^^Profile ID
*Approx.
^A portion of the property is General Residential Zone

EOI CLOSED - OFFERS UNDER REVIEW

To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group and JLL.

JLL

Jesse Radisich | +61 402 085 702
Josh Rutman | +61 411 27 37 46

Stonebridge Property Group

Julian White | +61 422 764 137
Andrew Milligan | +61 421 559 992
Chao Zhang | +61 411 625 068

1,585 sqm* site area
175 m* to Armadale Train Station
Benefitting from proximity to the 'Armadale Major Activity Centre