8 Llaneast Street, Armadale, VIC 3143

Offices | Retail | Development/Land

Sold

  • Property ID: 438471
  • Floor Area: 1475m²
  • Land Area: 1111m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 19/03/2024 1475m2 1111m2 Contact Agent
An Armadale Icon – 1,475 sqm* Irreplaceable Building Plus $385,000* Net Income

Stonebridge Property Group, under instructions from Charter Keck Cramer, is pleased to present the historic Armadale Post Office - 8 Llaneast Street, Armadale.

8 Llaneast Street, Armadale offers an opportunity to purchase a historic and iconic building in the highly affluent Armadale retail precinct.

The property is bookended by 3 major retail strips including High Street, Armadale and Glenferrie Road and Wattletree Road, Malvern. The property also boasts immediate proximity to high-end retail and transport amenities providing direct access to the Melbourne CBD.

8 Llaneast Street, Armadale is to be sold subject to a 3-year leaseback to Telstra allowing flexibility to strategically re-purpose, landbank, re-design or secure favourable planning outcomes for future development (STCA).

Key highlights of the property include:

- Existing improvements comprise a multi-functional mixed-use brick building with a total building area of 1,475 sqm*. The improvements are bolstered by multiple access points, expansive ceiling heights throughout (typical of the era) and represents a true blank canvass

- Substantial 1,111 sqm* landholding with dual street frontages plus significant scope for development upside (STCA). Planning reports available upon request

- Zoned Commercial 1 (C1Z) allowing for a range of uses notably, commercial, residential, retail, accommodation and/or speciality uses (STCA)

- The landholding is prime for commercial or residential development with detailed heritage and yield study report completed by Lovell Chen available upon request

- Situated in the highly affluent Armadale retail precinct which is engrossed in high-end retail culture. The property has immediate access to both High Street, Armadale and Glenferrie Road, Malvern and underpinned by inner-city shopping centre, Malvern Central (125 m*)

- Strategically connected to the Melbourne CBD (7 km*) and inner-eastern suburbs via multiple transport linkages including Armadale Train Station (800 m*), Malvern Train Station (500 m*) and various tram networks servicing the immediate precinct

8 Llaneast Street, Armadale is the opportunity to secure an iconic and unrepeatable piece of history in one of Melbourne’s best inner-eastern locations.

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

Julian White
0422 764 137

Chao Zhang ??
0411 625 068

Max Warren
0488 296 892

*Approximately

Property Code: 806

Armadale Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $682 ---
Offices $2712 --- ---
This is the average advertised price, rent and yield for Armadale, VIC 3143*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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:

  • 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.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×