Great opportunity for the astute investor to buy a Landmark property within the Armadale CBD.
Land Area 1248m2
Building 920m2 (app)
The building of 920m2 comprises:
240m2 (app) Undercroft Garaging and Storage areas
130m2 (app) 2nd Story Staff Lounge & Changerooms (in poor condition)
550m2 (app) Main Restaurant Floor Area / Kitchen /Toilets/ Cool Room and Office .
Car parking for 17 bays plus street parking.
Property has been a Chinese Restaurant (Happy Gathering) for the past 30 years and is currently leased.
The current lease details are as follows :
Lease 3 years
Commenced 7/01/2026
Expires 6/01/2029
Current Rent $90,000 pa (NETT)
All outgoings (ex management fees) paid by tenant
CPI Rent increase annually
Zoning : Mixed Business - Residential R- AC0
This property sits within the City entrance precinct (4) in the City of Armadale Activity Centre Structure Plan.
Preferred land uses include Hotel/Shops/Showroom/Restaurant/Tavern/Consulting Rooms and Multiple dwellings above ground level.
Great opportunity for a development site that has holding income whilst you are doing the planning.
All this is subject to City approval so make sure you contact them.
For further information & Inspections Contact Mike Dunsmore 0413 754 110
The size of Armadale is approximately 8.3 square kilometres. It has 38 parks covering nearly 8.1% of total area. The population of Armadale in 2016 was 13619 people. By 2021 the population was 13415 showing a population decline of 1.5% in the area during that time. The predominant age group in Armadale is 20-29 years. Households in Armadale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Armadale work in a trades occupation.In 2021, 54.30% of the homes in Armadale were owner-occupied compared with 54.80% in 2016.
Armadale has 7,301 properties. Over the last 5 years, Houses in Armadale have seen a 185.13% increase in median value, while Units have seen a 218.71% increase. As at 31 March 2026:
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