Retail

Shops 1 & 2, 590 Orrong Road, Armadale VIC 3143

Shops 1 & 2, 590 Orrong Road Armadale, VIC Australia 3143
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Building Area Gross
Land Area Gross ()

Property description

JLL Melbourne Commercial Sales & CBRE are delighted to present for sale two highly attractive and fully leased Armadale retail investment opportunities within the prestigious Toorak Park residential village located at 590 Orrong Road, Armadale.


LOCATION


Developed by Lendlease, 590 Orrong Road is situated amongst the leafy surrounds of Armadale as the only two (2) retail offerings directly catering to over 460 dwellings and townhouses in the immediate catchment area

Prestigious Armadale location at the entrance to Toorak Train Station and providing direct connectivity to Beatty Avenue and High Street, Armadale as well as Orrong Road bus network located only 100m* away


SHOP 1, 590 ORRONG ROAD, ARMADALE

- Fully leased to popular ‘8 Reasons Café & Restaurant’ spanning a high exposure and expansive 205 square metres corner tenancy plus an additional

65 square metre outdoor area

- Offering a brand new 6-year net lease with 3 further options of 5 years returning $90,000

- Featuring a high quality fit out with commercial kitchen plus two (2) secure basement car parks on title


SHOP 2, 590 ORRONG ROAD, ARMADALE

- Fully leased to essential service tenant ‘Core Performance Physiotherapy’ across a sizeable 156 square metre corner tenancy with exclusive signage

rights

- Offering a recent 5-year net lease with 2 further options of 5 years returning $50,500

- Servicing an active and established catchment area of over 900 residents and operating as an essential services tenant with extended trading hours


EXPRESSIONS OF INTEREST NOW CLOSED


For more information please contact the exclusive sales and marketing agents at JLL and CBRE:


JLL

Jesse Radisich

+61 402 085 702

jesse.radisich@ap.jll.com


Tim Carr

+61 415 767 915

tim.carr@ap.jll.com


Mingxuan Li 李名轩

+61 0498 688 998

mingxuan.li@ap.jll.com


CBRE

Alex Brierley

+61 447 974 447

alex.brierley@cbre.com.au


Nathan Mufale

+61 421 224 354 

nathan.mufale@cbre.com.au


Jing Jun (JJ) Heng 王敬君

+61 411 059 116

jj.heng@cbre.com.au


*Approx

*Photography taken during lockdown period

Investment highlights

  • Rare Armadale investments
  • Recent 5+6-year net leases with options
  • Leased to 8 Reasons Café & Core Physio
Last Updated Date: 25 Nov 2021

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Last Updated Date: 25 Nov 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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