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Shops 1 & 2, 590 Orrong Road

Shops 1 & 2, 590 Orrong Road, Armadale, VIC 3143

Expressions of Interest Retail
Price upon request
Property No. 327525

Building Information

PROUDLY SOLD BY JLL

JLL Melbourne Commercial Sales & CBRE are delighted to present for sale two highly attractive and fully leased Armadale retail investment opportunities within the prestigious Toorak Park residential village located at 590 Orrong Road, Armadale.

LOCATION

Developed by Lendlease, 590 Orrong Road is situated amongst the leafy surrounds of Armadale as the only two (2) retail offerings directly catering to over 460 dwellings and townhouses in the immediate catchment area
Prestigious Armadale location at the entrance to Toorak Train Station and providing direct connectivity to Beatty Avenue and High Street, Armadale as well as Orrong Road bus network located only 100m* away

SHOP 1, 590 ORRONG ROAD, ARMADALE
- Fully leased to popular ‘8 Reasons Café & Restaurant’ spanning a high exposure and expansive 205 square metres corner tenancy plus an additional
65 square metre outdoor area
- Offering a brand new 6-year net lease with 3 further options of 5 years returning $90,000
- Featuring a high quality fit out with commercial kitchen plus two (2) secure basement car parks on title

SHOP 2, 590 ORRONG ROAD, ARMADALE
- Fully leased to essential service tenant ‘Core Performance Physiotherapy’ across a sizeable 156 square metre corner tenancy with exclusive signage
rights
- Offering a recent 5-year net lease with 2 further options of 5 years returning $50,500
- Servicing an active and established catchment area of over 900 residents and operating as an essential services tenant with extended trading hours

PROUDLY SOLD BY JLL

For more information please contact the exclusive sales and marketing agents at JLL and CBRE:

JLL
Jesse Radisich
+61 402 085 702
jesse.radisich@ap.jll.com

Tim Carr
+61 415 767 915
tim.carr@ap.jll.com

Mingxuan Li 李名轩
+61 0498 688 998
mingxuan.li@ap.jll.com

CBRE
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

Nathan Mufale
+61 421 224 354 
nathan.mufale@cbre.com.au

Jing Jun (JJ) Heng 王敬君
+61 411 059 116
jj.heng@cbre.com.au

*Approx
*Photography taken during lockdown period

• Rare Armadale investments
• Recent 5+6-year net leases with options
• Leased to 8 Reasons Café & Core Physio

Last updated

15 Dec 2021

Floor area

426 sqm

Land area

426 sqm

Within walking distance

Within walking distance