This property is a unit on a lot in 1/TP430751 Armadale VIC. Based on comparable properties, its value is $2,000,000. In the local government area Stonnington, featuring 1 bedroom and 1 bathroom.
Premium site with development potential Perfectly positioned in the vibrant heart of Armadale, within steps of High Street's refined boutique and dining precinct, this is a truly rare opportunity. The allotment measures 179 sqm approx. and currently features a split level commercial warehouse, with an annual rental return of around $60,000. The tenant, Custom Lighting has a lease until April 2020. Virtually a blank canvas for future development, the options for the site include brand new townhouses, commercial or private storage (STCA). Multiple levels increase the amount of storage space, while it would also be ideal for private collectors who are looking for space for prestige cars or other assets. With dual street frontage on a private laneway, excellent transport links and amenities are on the doorstep, adding to the outstanding appeal of this once in a lifetime offering.Ground level: 164 sqm approx.Mezzanine level: 164 sqm approx.