Renowned celebrity developer Nicole Chow and Tony Battersby of BCS Architects, the creative forces behind UAG, have unveiled an exciting opportunity in the bustling neighbourhood of Armadale, on Melbourne’s City Fringe.
The highly anticipated sale of a prestigious office /retail tenancy located at 881 High Street, Armadale is set to captivate investors and business enthusiasts alike. Boasting a prime location and unparalleled design, this property promises to redefine the standard for office spaces in the area.
For sale through Cushman & Wakefield’s Alexander Leggo, Anthony Kirwan, Karim Ford and Leon Ma, expectations are high at 881 High Street for yet another ground breaking commercial space that seamlessly combines luxury, functionality, and style.
With a price guide of $2 million plus, this prime location and exquisite design, this ground floor office offers a total area of 190sqm* including a Japanese-inspired terrace, boasting high ceilings and abundant natural light in a superb location on High Street, with over 10m* frontage.
This superbly located property offers convenient connectivity to transportation, with Armadale Train Station just a short 250m* walk and High Street tram lines at the doorstep.
This opportunity presents a AAA+ premium office or retail tenancy comprising a Director's Suite, boardroom, meeting rooms, open-plan workstations, a self-contained kitchen, and accessible bathroom amenities.
The interior showcases luxurious marble and brass-plated finishes, creating an atmosphere of sophistication and elegance. Additionally, a Japanese-inspired garden terrace provides a tranquil escape for occupants.
Alexander Leggo, Cushman & Wakefield’s Executive Investment Sales, Victoria said Armadale is experiencing an unprecedented surge in demand for office space due to its exclusive reputation and sought-after lifestyle amenities.
“With its prime location and flourishing business environment, Armadale has become a coveted destination for professionals and companies seeking a prestigious address outside the city centre.
“The allure of this dynamic neighbourhood, combined with its proximity to excellent transportation links, high-end retail outlets, fitness studios, grocers, and a thriving culinary scene, has sparked a frenzy of interest from both local and international businesses looking to establish a presence in this sought-after locale” he said.
This property offers favourable short-term holding income until March 2024, making it an attractive prospect for private family offices, corporate entities, retail and medical owner-occupiers, as well as local and offshore investors. The flexibility of the Commercial 1 Zoning (C1Z) enables the asset to be repositioned for various future uses such as retail, hospitality/F&B, gallery, or medical purposes (STCA).
The premium office also provides car parking options, including one or two secure basement bays. In addition to the exceptional office space, the building offers a range of luxury amenities, such as outdoor entertaining spaces, a rooftop alfresco patio, and a resort-style infinity rooftop pool.
Anthony Kirwan, Cushman & Wakefield’s Associate Director Investment Sales, VIC said as the demand for office space continues to soar, developers like Nicole Chow of UAG are meeting the market's needs by offering premium office headquarters that exemplify luxury, functionality, and style.
“Armadale's business landscape, with its existing vibrant village lifestyle surrounded by upscale fashion retailers, nearby parks, gyms, and renowned bars, cafes, and restaurants is about to witness a remarkable transformation, courtesy of UAG latest offering.
“Nicole Chow's reputation as a celebrity developer precedes her, and this offering exemplifies her commitment to delivering exceptional properties that combine luxury, functionality, and style.
“The premium office HQ at 881 High Street, Armadale, is a rare opportunity to own a remarkable piece of real estate in one of Melbourne's most coveted locations” he said.
881 High Street Armadale is for sale through Cushman & Wakefield by Public On-site Auction on Saturday 15 July 2023 at 10:30am AEST.
*Approximate
