741-743 High Street
Armadale, VIC 3143

This mixed-use investment property located at 741-743 High Street, Armadale, offers a unique opportunity in a highly sought-after blue-chip location. The property features an outstanding ground floor retail tenancy spanning 227 square meters, secured by a recently renewed five-year lease, providing stable income and long-term tenancy security.

Above the retail space, there are three spacious two-bedroom apartments, each designed with balconies and dedicated car parking spaces, enhancing the appeal for residential tenants or potential owner-occupiers. The property generates an annual income of $208,648, reflecting its strong investment potential.

The site boasts a 12-meter street frontage with convenient rear access, facilitating ease of deliveries and tenant access. Situated in Prahran, one of Melbourne’s most desirable inner-city suburbs, the location benefits from numerous commercial and residential developments nearby, contributing to a vibrant and growing community.

Approximately 5.5 kilometers from Melbourne’s Central Business District, the property enjoys excellent connectivity and accessibility. Residents and visitors benefit from proximity to High Street tram services and multiple train stations including Hawksburn, Toorak, Prahran, and Windsor. Major thoroughfares such as Williams Road and Princes Highway are also easily accessible, enhancing transport options.

The area is well-known for its lifestyle amenities, including shopping, dining, and recreational facilities, making it an attractive location for both commercial and residential tenants. This property is being offered to the market for the first time in over 50 years, presenting a rare chance to acquire a prime asset in a proven location.

Overall, 741-743 High Street represents a compelling investment opportunity combining retail and residential components in a thriving Melbourne suburb, supported by strong income and excellent transport and lifestyle amenities.