716-718 High Street,
Armadale, VIC 3143

Shops & Retail • Offices • Development Sites & Land

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JLL - Melbourne

Level 33, 101 Collins Street
MELBOURNE, VIC 3000

716-718 High Street

Armadale, VIC 3143

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PROUDLY SOLD BY JLL

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

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

PROUDLY SOLD BY JLL

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

Tim Carr | 0415 767 9...
MingXuan Li | 0498 688 9...
Josh Rutman | 0411 27 37 ...

*Freehold For Sale only. Business operating as usual.

Property ID: 503947210Last Updated: 29 Oct 2024

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JLL - Melbourne

Level 33, 101 Collins Street
MELBOURNE, VIC 3000