8 Llaneast StreetArmadale VIC 3143
Property Details for 8 Llaneast St, Armadale
Last Listing description (November 2023)
Stonebridge Property Group, under instructions from Charter Keck Cramer, is pleased to present the historic Armadale Post Office - 8 Llaneast Street, Armadale. The property is offered for sale via Expressions of Interest campaign (EOI).
8 Llaneast Street, Armadale offers an opportunity to purchase a historic and iconic building in the highly affluent Armadale retail precinct.
The property is bookended by 3 major retail strips including High Street, Armadale and Glenferrie Road and Wattletree Road, Malvern. The property also boasts immediate proximity to high-end retail and transport amenities providing direct access to the Melbourne CBD.
8 Llaneast Street, Armadale is to be sold subject to a 3-year leaseback to Telstra allowing flexibility to strategically re-purpose, landbank, re-design or secure favourable planning outcomes for future development (STCA).
Key highlights of the property include:
- Existing improvements comprise a multi-functional mixed-use brick building with a total building area of 1,808 sqm*. The improvements are bolstered by multiple access points, expansive ceiling heights throughout (typical of the era) and represents a true blank canvass
- Substantial 1,111 sqm* landholding with dual street frontages plus significant scope for development upside (STCA). Planning reports available upon request
- Zoned Commercial 1 (C1Z) allowing for a range of uses notably, commercial, residential, retail, accommodation and/or speciality uses (STCA)
- The landholding is prime for commercial or residential development with detailed heritage and yield study report completed by Lovell Chen available upon request
- Situated in the highly affluent Armadale retail precinct which is engrossed in high-end retail culture. The property has immediate access to both High Street, Armadale and Glenferrie Road, Malvern and underpinned by inner-city shopping centre, Malvern Central (125 m*)
- Strategically connected to the Melbourne CBD (7 km*) and inner-eastern suburbs via multiple transport linkages including Armadale Train Station (800 m*), Malvern Train Station (500 m*) and various tram networks servicing the immediate precinct
8 Llaneast Street, Armadale is the opportunity to secure an iconic and unrepeatable piece of history in one of Melbourne's best inner-eastern locations
8 Llaneast Street, Armadale is for sale by Expressions of Interest closing Thursday 7th December 2023 at 2pm (AEDT).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Julian White
0422 764 137
Chao Zhang
0411 625 068
Max Warren
0488 296 892
*Approximately
Property Code: 806
Property History for 8 Llaneast St, Armadale, VIC 3143
- 19 Mar 2024Sold for $6,930,000
- 03 Nov 2023Listed for Sale Contact the Stonebridge Team
- 24 Oct 2009Listed for Sale Not Disclosed
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0About 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 6,890 properties. Over the last 5 years, Houses in Armadale have seen a 14.14% increase in median value, while Units have seen a -0.02% decrease. As at 31 October 2024:
- The median value for Houses in Armadale is $2,610,423 while the median value for Units is $691,415.
- Houses have a median rent of $850 while Units have a median rent of $580.
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