Retail investment in the heart of Armadale set for auction
Staff reporterDecember 7, 2020
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.