857 High StreetArmadale VIC 3143
Property Details for 857 High St, Armadale
Last Listing description (May 2017)
Ray White Commercial Oakleigh is delighted to present this outstanding stand-alone retail investment opportunity located in the affluent suburb of Armadale.
Boasting one of Melbourne s most reputable and well-acclaimed Italian restaurants, Zia Rina s Cucina, this secure investment property is certainly one that you want to add to your investment portfolio.
Armadale s coveted status as one of Melbourne s most prestigious and gentrified south-eastern suburbs should certainly ensure that this property appeals to those savvy investors looking to purchase a prime retail investment with exceptional growth opportunity going forward.
- Total land area 128m2 approx
- Building area 70m2 approx
- Rear laneway access
- Currently returning $42,230 p/a plus gst plus outgoings
- Five (5) year lease commenced 2015 with Two (2) further Five (5) year terms with 3% fixed annual increases
- Five star tenant
Auction: Thursday 23rd March, 2017 @ 11:00am on site
Paul Rizzo - 0418 688 888
Ryan Amler - 0401 971 622
Property History for 857 High St, Armadale, VIC 3143
- 23 Mar 2017Sold for $1,220,000
- 09 Feb 2017Listed for Sale AUCTION
- 27 Sep 2013Listed for Sale 835000
Recent sales nearby
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About 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 7,093 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.
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