Retail

716-718 High Street, Armadale

716-718 High Street Armadale, VIC Australia 3143
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

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Land Area Gross ()

Property description

JLL Melbourne Commercial Sales is pleased to offer for sale this high-profile freehold retail and office investment in a blue-chip Armadale location.

 

Key details of the opportunity include:

 

- A commanding two-storey retail and office building with on site car parking

- Fully leased to two tenants on new 3-year terms with options

- Current net rental: $123,657 per annum* with annual rental increases

- Valuable underlying landholding boasting 10.67 metres* of prime High Street exposure and additional frontage to Waldie Lane 

- Proximate to several high end residential and mixed use developments nearing completion

- One of Melbourne’s most affluent catchments – Armadale median house price $2,635,000

- The ultimate investment with strong fundamentals, excellent rental growth and development potential

 

716-718 High Street is For Sale by Public On-Site Auction on Friday 10 December at 12:30pm (AEDT).


To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

 

Nick Peden | 0402 011 266

Tim Carr | 0415 767 915

MingXuan Li | 0498 688 998

Josh Rutman | 0411 27 37 46


*Freehold For Sale only. Business operating as usual.

Investment highlights

·      Striking Freehold Building

·      Fully leased to two established tenants

·      Premium Armadale location

Last Updated Date: 29 Nov 2021

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Last Updated Date: 29 Nov 2021

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