883-889 High Street, Armadale

JLL & Stonebridge Property Group are pleased to present ‘High & Osment, Armadale’ — a premium development opportunity at 883–889 High Street & 23–27 Osment Street, Armadale.

Key highlights of the property include:

+ Prominent 1,585 sqm* landholding along High Street, one of Australia’s most prestigious retail strips

+ 58.22 m* of dual street frontage to High Street and Osment Street

+ Predominantly Commercial 1 Zone*, benefiting from proximity to ‘Armadale Major Activity Centre’, which allows for residential, commercial, retail (including supermarkets), student accommodation, or hotel outcomes (STPA)

+ Strong holding income on short term leases

+ Proximity to world class retail including over 30 international fashion brands as well as cafes, eateries, restaurants and bars

+ Armadale Train Station (175 m*) and Tram 6 along High Street (100 m*) provide direct Melbourne CBD access

+ Affluent area with a median house price of $2,325,000^^, significantly greater than the Melbourne average and income 60% higher than the Victorian Average**

+ Numerous surrounding projects demonstrating apartments sales in excess of $25,000/sqm

+ Situated in Armadale, a location synonymous with luxury residential development, and one of the precinct’s last remaining development opportunities of scale (STPA)

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EOI CLOSED - OFFERS UNDER REVIEW

To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group and JLL.

JLL

Jesse Radisich | +61 402 085 702

Josh Rutman | +61 411 27 37 46

Stonebridge Property Group

Julian White | +61 422 764 137

Andrew Milligan | +61 421 559 992

Chao Zhang 张超 | +61 411 625 068