Sale

1123 High Street
ARMADALE, VIC 3143

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Property Description

Classy High Street Investment

  • Centrally positioned within one of Melbourne most valuable and in demand shopping precincts
  • Beautifully presented building of 170sqm approx
  • Land Area of 225sqm approx.
  • Excellent rear access via wide right of way from Huntingtower Rd
  • Garaged on site parking at rear
  • 3 + 3 year lease to long established tenant, Eternal Bridal
  • Returning $79,040 per annum (as at 1/11/19) plus outgoings and GST
  • Opportunity for future rental uplift
  • Commercial 1 Zone
  • Significant further development potential (stca) with concept plans prepared for a 4 Level mixed use building encompassing shop and 6 apartments
  • Located within the prime trading section of High Street between Kooyong Road and Glenferrie Road
  • Surrounded by a number of Australia’s leading retailers including Scanlan Theodore, Mecca, Aesop, Seed, Midas, Sheridan, Zimmermann, Gorman, Sportcraft and Woolworths Supermarket - to name a few
  • Brilliant investment opportunity with strong future upside positioned within proven retail precinct
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Consultant

Chris Kombi

M: 0438 156 236
E: kombic@fitzroys.com.au

James Lockwood

M: 0402 824 441
E: lockwoodj@fitzroys.com.au

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Property Information

Property ID
121390

Price
Contact Agent

Building
170.00m2

DocumentType
Brochure Pdf