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.
· Striking Freehold Building
· Fully leased to two established tenants
· Premium Armadale location