A landmark commercial property in one of Melbourne’s most prestigious inner-city suburbs is set to test the market, with 863 High Street, Armadale to be offered for sale via International Expressions of Interest.
Fully leased and prominently positioned in the heart of Armadale’s high-end retail and lifestyle precinct, the modern five-level building presents a compelling opportunity for investors seeking long-term security and exposure to one of the city’s most tightly held commercial corridors.
Spanning over 3,200 sqm* of net lettable area on a 950 sqm* site and anchored by tenants including Dennis Family Corporation, Sweatshop Co., and Ranfurlie Asset Management, the asset delivers a robust income stream supported by a strong tenant profile.
With 62 secure basement car parks and expansive office floorplates, the strata titled building is designed to accommodate a range of occupiers, offering enormous flexibility and scale in a market defined by limited supply.
The property is for sale through Oliver Hay, Daniel Wolman and Leon Ma of Cushman & Wakefield and Trent Preece and Tom Ryan of Knight Frank.
The property’s location on High Street; Melbourne’s premier destination for luxury retail and boutique dining, adds to its appeal. Surrounded by designer flagships such as Zimmermann, Aje, and Mecca Cosmetica, and just 200 metres from Armadale Station, the site benefits from exceptional connectivity and consistent foot traffic from one of the city’s most affluent residential catchments.
“This campaign is expected to attract strong interest from private investors, family offices, and syndicates looking for generational assets in blue-chip locations,” said Oliver Hay of Cushman & Wakefield.
“Armadale continues to appeal to buyers who value prestige, stability, and the ability to align with Melbourne’s most desirable retail strip” he continued.
The building’s commanding frontage along High Street enhances its visibility and branding potential, while its zoning and overlays support long-term residential redevelopment upside. With vacancy rates in the precinct sitting below 3% and retail spend exceeding $50 million in the past six months, the asset is underpinned by exceptionally strong fundamentals.
“863 High Street presents a trophy investment opportunity. The modern building is fully leased to quality tenants with a 4-year WALE, offering a secure income stream with strong income growth in one of Melbourne’s most sought-after locations and strongest performing investment markets” added Trent Preece of Knight Frank.
The International Expressions of Interest campaign closes Thursday 13th November at 12pm.
*Approx.
To arrange an inspection or for further information, please contact the exclusive selling agents:
| Cushman & Wakefield Oliver Hay | +61 419 528 540 |
Knight Frank Trent Preece | +61 400 504 300 |
