A strikingly designed building 1213-1217 High Street Armadale for sale by JLL Executive Director of Capital Markets- (VIC), Josh Rutman, Director, Jesse Radisich, Executive, Tim Carr and Associate, MingXuan Li alongside Teska Carson’s George Takis and Michael Ludski by public auction with expectations of more an $8 million.  

Located in one of Melbourne’s best retail, commercial and lifestyle locations, the building is home to longstanding and successful tenant, Jellis Craig, generating a net income of approximately $370,920 per annum (as at 1/12/21).

Mr Rutman said, “The building is one of the largest and most well known in the strip, boasting large floor plates, high levels of natural light and a spectacular fit-out. High Street has arguably been one of the best performing locations with one of the lowest retail vacancy rates across Melbourne. It is home to several high profile domestic and international brands, as well as a range of service and luxury retailers, with a number of medical uses also becoming quite prevalent.”

Mr Radisich said, “Given the large landholding and flexible Commercial 1 zoning, 1213-1217 High Street provides a highly strategic investment opportunity, with many future repositioning, value-add and redevelopment opportunities.”

The two-storey building features an extensive frontage to High Street and 12 on-site car parks, whilst sitting on an oversized landholding of 546 square metres with additional access from a rear laneway. It is one of just ten landholdings larger than 500 square metres on the super prime section between Glenferrie and Kooyong Roads.

Public auction will be held on-site at 1213-1217 High Street, Armadale on Friday 3rd of September 2021 at 2.30pm (AEST).

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.