Retail investment in the heart of Armadale set for auction

Retail investment in the heart of Armadale set for auction
Retail investment in the heart of Armadale set for auction

A fully leased prime retail investment in the heart of Armadale has hit the market. 

Located at 1234 High Street, the property comprises a 139 square metre retail premises with a flexible open plan layout and first floor mezzanine.

The property will be sold subject to a three year lease with a three year option to The Paper Empire at $64,326 per annum net with 4 per cent annual reviews. 

Zoned Commercial 1, the 109 sqm site has 5m frontage to High Street and a right of way provides access to parking at the rear, plus there is also ample off-street parking within the precinct. 

Teska Carson’s George Takis and Barry Novy have the listing.

The property will be auctioned on October 3. 

Tags: 
Retail Armadale

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