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720 High Street
ARMADALE, VIC 3143

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Property Description

Affordable Armadale Freehold

Fitzroys is pleased to offer 720 High Street, Armadale for sale by Public Auction on Wednesday 6th April at 1pm on-site.

Key attributes of the offering include:

  • Rare affordable High Street opportunity
  • Well-presented double storey building with rear access and onsite parking
  • Returning $57,175 per annum* plus outgoings and GST
  • 5 year lease (expiring January 2025) to Douglas Stewart Fine Books
  • Favourable lease structure with no further terms
  • Flexible opportunity to occupy or value add (stca) in future or renegotiate new lease with tenant
  • Commercial 1 zone
  • Strategically located in a high performing, low vacancy lifestyle and retail precinct home to an array of established traders and eateries including Snap Fitness, IGA, Bob Jane, Royal Doultan, Orrong Hotel and Morning Market
  • High Street benefits from strong fundamental demographics servicing Armadale as well as surrounding suburbs such as Toorak, South Yarra, Prahran and Malvern, with the median house price in Armadale is $2,520,000**
  • Excellent public transport facilities nearby including trams along High Street and Toorak Railway Station (450m* to the North)
  • Armadale‚Äôs population is undergoing significant growth with several medium and high density residential projects in different stages of planning, construction and completion nearby.

Please contact Chris Kombi or Lewis Waddell for more information.

*Approx.

**Source REA Group

ZoneCommercial 1
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Consultant

Chris Kombi

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

Lewis Waddell

M: 0431 107 275
E: waddelll@fitzroys.com.au

Property Information

Property ID
132448

Price
Contact Agent

Building
150m2

Land
134m2