Renewed Activity in Major Retail StripsMonday, April 9th, 2018
Whilst there has been significant challenges for the retail sector and the modest recalibration of investment yields, buyers have returned to the market with measured confidence in 2018.
This has been demonstrated with the off market sale at 1033 High Street, Armadale.
The property consists of a contemporary 3-level mixed-use building of 345 sqm approx. It also boasts rear access with 1 – 2 secure off street carparks. The current rental return is circa $142,000 pa (3 income streams).
The property was sold to a local private investor for $2,835,000 and was negotiated by Rory White and Matt Hoath.