Burgess Rawson from CBRE in conjunction with Commercial Collective are delighted to offer to the market Shop 2, 833 High Street, Armadale for sale via Private Treaty.

Key investment highlights include:

+ Ten (10) year lease through to 10 June 2032 plus 3 x 5 year options to 2047.
+ The Leaf Store: Organic village grocer providing high quality produce with 3 stores, established 2007.
+ Appealing Landlord net lease with the tenant responsible for all usual outgoings, as per the lease.
+ Immaculately presented 543sqm* premises with 10* valuable car spaces on-title plus loading bay access.
+ High quality building, constructed in 2022 and delivered by renowned developer Moda Corp.
+ Notable transactions within the building include: Record penthouse sale of $15,000,000 and ground level retail sale leased to Lune for $1,980,000 (3.88% yield) equating to a building rate of 17,837 p/sqm*.
+ Annual CPI reviews with a market review at the commencement of each further term.
+ Superior Landlord friendly lease, including 6 month bank guarantee.
+ Prestigious High Street location in Armadale’s luxury retail precinct, surrounded by high-end fashion, wellness, and hospitality brands.
+ City of Stonnington: A highly affluent and established municipality, forecasted to grow by 23.6% to 138,653 residents by 2046.**
+ Net Rent: $308,843* pa + GST

For sale via Private Treaty

Please contact the exclusively appointed sales team for more information

*approx.
**forecast id.