retail
ID 328670UpdatedSold716-718 High Street
716-718 High Street
Armadale, Victoria, 3143
Please contact us for price
- Size
300 SQM
![Nick Peden](https://jll-global-gdim-res.cloudinary.com/image/upload/f_auto,dpr_auto,c_fill,g_face,w_3840,h_3840,q_70/e_grayscale/v1676424528/AU/OLM/AgentImage/x2qnolibknscz1hhce2r.png)
Nick Peden
Director, Capital Markets � Victoria
![MingXuan Li](https://jll-global-gdim-res.cloudinary.com/image/upload/f_auto,dpr_auto,c_fill,g_face,w_3840,h_3840,q_70/e_grayscale/v1676424527/AU/OLM/AgentImage/epjkr7jssgqgvdidlkpg.png)
MingXuan Li
Associate
- Description
- Building Information
- Location
- Agents
Description
PROUDLY SOLD BY JLL
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.
Nick Peden | 0 402 011 266
Tim Carr | 0 415 767 915
MingXuan Li | 0 498 688 998
Josh Rutman | 0 411 27 37 46
*Freehold For Sale only. Business operating as usual.
· 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.
Nick Peden | 0 402 011 266
Tim Carr | 0 415 767 915
MingXuan Li | 0 498 688 998
Josh Rutman | 0 411 27 37 46
*Freehold For Sale only. Business operating as usual.
· Striking Freehold Building
· Fully leased to two established tenants
· Premium Armadale location
Location
Agents
![Nick Peden](https://jll-global-gdim-res.cloudinary.com/image/upload/f_auto,dpr_auto,c_fill,g_face,w_3840,h_3840,q_70/e_grayscale/v1676424528/AU/OLM/AgentImage/x2qnolibknscz1hhce2r.png)
Nick Peden
Director, Capital Markets � Victoria
![MingXuan Li](https://jll-global-gdim-res.cloudinary.com/image/upload/f_auto,dpr_auto,c_fill,g_face,w_3840,h_3840,q_70/e_grayscale/v1676424527/AU/OLM/AgentImage/epjkr7jssgqgvdidlkpg.png)
MingXuan Li
Associate