** SOLD **
Gross Waddell ICR is pleased to offer for sale this outstanding commercial freehold positioned in the heart of one of Melbourne’s most sought-after retail strips – High Street, Armadale.
Prominently positioned & offered with long term leases to stable tenants, this rare offering presents an ideal investment opportunity with long-term upside in a tightly held location.
Key property features:
• Substantial land area: 322 sqm* of Commercial 1 zoned land
• Building area: 431 sqm* across two levels
• Architecturally designed building, and shortlisted by Dezeen for best interior spaces
• Long term leases with stable tenants:
- Endota Spa – nationally recognised wellness and beauty brand
- Small Wins Cafe – established local hospitality operator
• Strong rental return totalling $243,360* p.a. (as at Dec-25) with future potential for rental uplift or redevelopment (STCA)
• Situated within Melbourne’s premier lifestyle and retail precinct. High Street, Armadale is renowned for its high-end boutiques, cafes, wellness studios, and professional services
• Strong surrounding demographics with consistent foot traffic and customer spending power
• Rare opportunity to acquire a freehold in one of Melbourne’s most tightly held and high-performing retail precincts
For more information or to arrange an inspection, please contact Gross Waddell ICR directly.
*approx.
Remember to mention you found this property on CommercialReady
** SOLD **
Gross Waddell ICR is pleased to offer for sale this outstanding commercial freehold positioned in the heart of one of Melbourne’s most sought-after retail strips – High Street, Armadale.
Prominently positioned & offered with long term leases to stable tenants, this rare offering presents an ideal investment opportunity with long-term upside in a tightly held location.
Key property features:
• Substantial land area: 322 sqm* of Commercial 1 zoned land
• Building area: 431 sqm* across two levels
• Architecturally designed building, and shortlisted by Dezeen for best interior spaces
• Long term leases with stable tenants:
- Endota Spa – nationally recognised wellness and beauty brand
- Small Wins Cafe – established local hospitality operator
• Strong rental return totalling $243,360* p.a. (as at Dec-25) with future potential for rental uplift or redevelopment (STCA)
• Situated within Melbourne’s premier lifestyle and retail precinct. High Street, Armadale is renowned for its high-end boutiques, cafes, wellness studios, and professional services
• Strong surrounding demographics with consistent foot traffic and customer spending power
• Rare opportunity to acquire a freehold in one of Melbourne’s most tightly held and high-performing retail precincts
For more information or to arrange an inspection, please contact Gross Waddell ICR directly.
*approx.
Remember to mention you found this property on CommercialReady
1203-1205 High Street, Armadale, VIC, 3143
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