833 High Street

Armadale VIC 3143

An exceptional opportunity to secure a blue-chip retail investment on Armadales prestigious High Street shopping precinct. Next door to the iconic LUNE Croissanterie.

Positioned within the landmark Carr-designed 833 High development by Moda, this expansive 543sqm* ground-floor property is home to Leaf Grocera boutique organic supermarket with a loyal customer base and a proven track record across multiple high-performing Melbourne locations.

This premium offering is underpinned by a long-term lease to an established tenant, net income with CPI increases, and 10 rare on-title car parksmaking it one of the most attractive retail investment opportunities currently available in Melbournes tightly held inner east.

Key Investment Highlights
Secure Long-Term Lease
10-year lease from June 2022 + 3 x 5-year options
Current net rent: $301,175 p.a. (Plus GST & outgoings)
Next CPI Rent Review: 11 October 2025
Estimated rent before settlement: $308,090 p.a.

Established Premium Tenant Leaf Grocer
Successful operator with additional stores in Elwood & Hawthorn
Supported by a bank guarantee from ANZ

Trophy-Sized Retail Footprint
543sqm* of prime ground-floor space with full High Street frontage
Architecturally designed fit-out with high-end finishes

10 On-Title Car Parks
A rare and valuable asset in any inner-suburban retail offering

Annual Increases: CPI
With a market rent review at the exercise of the option

Outstanding Location
Located within a Carr-designed mixed-use landmark in the heart of the High Streets lifestyle and retail precinct
Surrounded by top-tier fashion, wellness, and hospitality brands

Net Lease
Tenant pays all outgoings under a retail lease structure, enhancing cash flow certainty

Strategic Location
High Street, Armadale, is one of Melbournes most exclusive and tightly held retail strips, known for its luxury boutiques, affluent demographic, and high foot traffic. Surrounded by some of the citys best residential real estate, elite schools, and vibrant lifestyle amenities, the property is positioned for both immediate income and long-term capital growth.

Investment Summary
Estimated Net Rent (pre-settlement): $308,090 p.a. (Plus GST & outgoings)

Lease Term: 10 years from June 2022 + 3 x 5-year options

Next Rent Review: CPI 11 October 2025

Building Area: 543sqm*

Car Parks: 10 on-title

Zoning: Commercial 1 Zone (C1Z)

Tenant: Leaf Grocer strong covenant with multi-site presence

Security: ANZ Bank Guarantee

Structure: Net lease tenant pays all retail lease outgoings

Enquire Today
This is a rare chance to acquire a premium passive investment in one of Melbournes highest-performing retail corridors. A true trophy asset for the discerning investor.

INSPECTIONS STRICTLY BY APPOINTMENT ONLY

For further information or to arrange a private inspection, contact:
Scott Banks 0411 700 099
scott@scottbanks.com.au

Disclaimer:
All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and accept no responsibility for any errors or omissions. Interested parties are encouraged to make their own enquiries and consult their professional advisors to satisfy themselves in all respects. All measurements, figures, and timelines are approximate and subject to change without notice.