941-951 High Street, Armadale, VIC 3143

Retail

Sold $6,500,000

  • Property ID: 324410
  • Floor Area: 740m²
  • Land Area: 809m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 740m2 809m2 N/A
Exceptional Armadale Freehold with Upside

• Strategic investment with development upside
• A large, high-quality retail freehold with a build area of some 740sqm*
• Substantial land area of 809sqm*
• Extensive 20 metre frontage to High Street
• Suits owner occupier, investor, entrepreneurial investor and developers
• Unparalleled retail location top performing retail strip regarded as one of Melbourne's most high profile and luxurious strip retail centres
• Flexible Commercial 1 Zone
• Short term holding income
• Blue chip residential location
• Situated opposite Armadale Train Station and surrounded by Melbourne's finest retail and lifestyle amenity
• An affluent position and proven location for luxury apartment projects supported by a high median house price ($3,050,000^) and some of the highest apartment sale rates throughout Melbourne
• A truly rare opportunity in one of Melbourne's highly sought after retail and residential locations

For further information, contact the selling agents Dominic Gibson 0409 366 941 or James Latos 0437 537 957

In Conjunction with Allard Shelton
Michael Ryan 0433 180 199
James Gregson 0421 516 480
Joseph Walton 0417 309 347

*Approx
^REA Group

Armadale Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $7119 $635 8.92%
Retail $4237 $586 13.84%
This is the average advertised price, rent and yield for Armadale, VIC 3143*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 941-951 High Street, Armadale, VIC 3143. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 941-951 High Street, Armadale, VIC 3143. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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