Auction7th Oct at 12:30pm
1213-1217 High Street, Armadale
A PRIZED ARMADALE RETAIL/COMMERCIAL FREEHOLD BUILDING
Teska Carson and JLL Melbourne are pleased to offer this outstanding opportunity to secure this exceptional freehold investment with future development potential, located on arguably Melbourne’s most sought-after retail shopping strip, in the prestigious suburb of Armadale.
AUCTION: Thursday 7 October at 12:30pm on-site.
- A high exposure Armadale trophy asset of 674m2 in the best section of the premium High Street retail strip.
- Triple width 18metre prime High Street retail frontage.
- Significant landholding of 548m2 provides for a range of future development outcomes.
- A high quality investment offering a strong income stream from longstanding tenant, Jellis Craig.
- Net rental: $370,920 per annum plus outgoings & GST.
- One of High Street's most significant commercial assets, featuring generous floor plates which enjoy substantial amounts of natural light and a superb internal fit out.
- Valuable rear laneway access and 12 on-site undercover car spaces at the rear.
- Favourable Commercial 1 Zone provides flexibility for alternate uses including retail, residential, medical and hospitality (STCA).
- Extensive retail frontage to High Street providing for a range of reconfiguration and retail activation opportunities in the future.
- High Street, Armadale is arguably Melbourne's most desirable and highly sought-after retail strips, consistently experiencing one of the lowest rental vacancy rates.
Should you require further details, please do not hesitate to contact the agents below for further information.
George Takis - 0403 529 559
Michael Ludski - 0419 020 203
Josh Rutman - 0411 273 476
Jesse Radisich - 0402 085 702
Tim Carr - 0415 767 915
Mingxuan Li 李名 轩 - 0498 688 998