1163-1165 High StreetArmadale VIC 3143
Property Details for 1163-1165 High St, Armadale
Last Listing description (March 2022)
Offered to the market for the first time since 1985, the JLL Melbourne Commercial Sales team is pleased to present for public sale this first-class retail freehold building with exceptional upside potential at 1163-1165 High Street, Armadale.
Key details of the opportunity include:
- Positioned in the heart of the premium High Street retail strip
- High quality retail asset which benefits from valuable and wide rear laneway access
- Longstanding tenant on a monthly tenancy arrangement Sofa's Direct (three locations in Melbourne)
- Significant current income with enormous rental upside
- Flexible opportunity for investors, owner-occupiers and developers
- Approved permit and endorsed plans for boutique retail and apartment project
- High Street, Armadale is arguably Melbourne's most desirable and highly sought-after retail strip, consistently experiencing one of Melbourne's lowest rental vacancy rates
- Highly affluent and captive local residential catchment with median house price above $2,500,000
- A first-class investment or owner-occupation opportunity - In one of Melbourne's most premium and sought-after suburbs
PROUDLY SOLD BY JLL
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Jesse Radisich | 0402 085 702
Josh Rutman | 0411 27 37 46
Tim Carr | 0415 767 915
Mingxuan Li | 0498 688 998
A trophy single level retail freehold
Longstanding tenant of 12 years
Permit for boutique project
Property History for 1163-1165 High St, Armadale, VIC 3143
- 07 Dec 2022Sold for $2,873,871
- 03 Mar 2022Sold for $5,560,000
- 28 Jan 2022Listed for Sale Contact Agent
Recent sales nearby
See more recent sales nearby/assets/perm/lahiguadaqi6vcznpooq2kyp5m?signature=407fb0a35a5acba0f4b0d4b57504365cb283c976f8ae247ec799a4459aed68e9){kind=logo}
0/assets/perm/dd4n5hyct4i6vimscghjnh5ujm?signature=f24ab836a77573aaa6fc8fa7d94d45206edeab2868826920edf25f621d83d640){kind=logo}
0/assets/perm/bdteokds74i65c6xa66xmsdclm?signature=a02de6c04692c9033b74eb877ee6dcc9427587d496d02f09747886275086dc6e){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Armadale 3143
The size of Armadale is approximately 2.2 square kilometres. It has 7 parks covering nearly 2.9% of total area. The population of Armadale in 2016 was 9054 people. By 2021 the population was 9368 showing a population growth of 3.5% in the area during that time. The predominant age group in Armadale is 30-39 years. Households in Armadale are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Armadale work in a professional occupation.In 2021, 52.60% of the homes in Armadale were owner-occupied compared with 52.40% in 2016.
Armadale has 7,094 properties. Over the last 5 years, Houses in Armadale have seen a 10.76% increase in median value, while Units have seen a -2.59% decrease. As at 31 December 2025:
- The median value for Houses in Armadale is $2,588,683 while the median value for Units is $681,788.
- Houses have a median rent of $850 while Units have a median rent of $610.
Suburb Insights for Armadale 3143
Market Insights
Armadale Trends for Houses
N/A
N/A
View TrendN/A
N/A
Armadale Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
