OFF MARKET

1014 High Street
Armadale VIC 3143

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 120m2
Land area: 208m2
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Property Details for 1014 High St, Armadale

Building Type
Commercial
Floor Size
120m2
Land Size
208m2
Local Government
Stonnington
Lot/Plan
1/LP39410

Last Listing description (August 2023)

Fitzroys is delighted to offer 1014 High Street, Armadale for sale by Public Auction on Friday 25th August at 1pm on site.

Key highlights of this rare opportunity include:

- Located in the absolute prime trading section of one of Australia's strongest performing lifestyle and retail precincts

- Attractive two-level retail building plus rear warehouse and onsite secure parking
- Well-proportioned site of 208sqm* with rear access off Clarendon Street
- Returning $128,684 per annum (as at 1/10/23) with opportunity for future rental uplift
- Highly versatile offering with lease expiring on 30 September 2024 with no further options
- Future opportunity to occupy, value add (stca) or negotiate a new lease with existing tenant
- Surrounded by prestigious high end international and Australian retailers including Mecca, Aesop, Dion Lee, Scanlan Theodore, Country Road and many more
- Unprecedented tenant demand in this section of High Street, Armadale close to Kooyong Road
- The shopping strip services Melbourne's most prestigious suburbs including Armadale, Toorak, South Yarra, Kooyong, Malvern and Prahran
- Tram stop at doorstep and only 150 metres* from Armadale train station

For further information or an inspection, please contact Fitzroys selling agents Chris Kombi or Lewis Waddell.

*approximately

Property History for 1014 High St, Armadale, VIC 3143

A timeline of how this property has performed in the market
Last Sold
$3,525,000
25 Aug 2023
Listed for Rent
06 Mar 2015
  • 25 Aug 2023
    Sold for $3,525,000
  • 20 Jul 2023
    Listed for Sale Contact Agent
  • 31 Jan 2015
    Listed for Rent - Price not available
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About Armadale 3143

The size of Armadale is approximately 2.2 square kilometres. It has 7 parks covering nearly 2.9% of total area. The population of Armadale in 2011 was 8,760 people. By 2016 the population was 9,057 showing a population growth of 3.4% in the area during that time. The predominant age group in Armadale is 30-39 years. Households in Armadale are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Armadale work in a professional occupation. In 2011, 53.3% of the homes in Armadale were owner-occupied compared with 52.4% in 2016.

Armadale has 6,898 properties. Over the last 5 years, Houses in Armadale have seen a 32.31% increase in median value, while Units have seen a 6.75% increase. As at 31 July 2024:

  • The median value for Houses in Armadale is $2,611,290 while the median value for Units is $688,656.
  • Houses have a median rent of $850 while Units have a median rent of $560.
There are currently 16 properties listed for sale, and 7 properties listed for rent in Armadale on OnTheHouse. According to CoreLogic's data, 311 properties were sold in the past 12 months in Armadale.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.