Multi-unit Property

1147 High Street

Armadale VIC 3143, Australia

- Parking

435 m² Land size

$6,150,000 Last sale (2021)

Multi-unit Complex profile

About this commercial property

1147 High Street in Armadale is a mixed‑use asset featuring a ground‑floor retail shop and an upper residential unit. The site sits on a 425 m² parcel within a Commercial 1 zoning district and commands a prime High Street frontage of approximately 14 metres. It sold in November 2021 for $6.15 million, with the shop leased to the Armadale Antique Centre at $215,120 p.a.

plus GST until July 2022. The property is targeted for redevelopment; a 2022 planning application proposes a five‑storey office‑retail tower with underground parking and bicycle storage, reflecting strong commercial upside in this high‑end retail corridor

Key details

Locality: Armadale
State: VIC
Coordinates: 37.85603757 / 145.02586924
GNAF PID: GAVIC410764766
Legal parcel ID: 1\TP99563
Remoteness area: Metro
Property type: Commercial
Land size: 435 m²
Heritage overlay: None detected
Land Use Category: Commercial

Commercial property information

Armadale Antique Centre

Shop

Antiques Antique dealers

Verified at this address

Listed on Yelp and identified as the ground‑floor tenant in the 2021 sale listing.

Antique dealers offering vintage and collectible items.

Phone
(03) 9822 7788

Website
http://www.armadaleantiquecentre.com.au

Observed facts

Lease rent

$215,120 p.a. + GST

Lease expiry

31 Jul 2022

Search ABN on Scoutize

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent per unit

$982

Expected property value per unit

$1,560,000

Estimated yield

3.27%

Confidence

Medium

Based on the comparable property evidence currently available.

Sales history

Sales figures shown here are for individual units within the property, not the whole site.

Event	Date	Price	Price per m²
Sale	22 Nov 2021 Contracted 20 Nov 2021. Sale handled by Fitzroys Pty Ltd; tenant Armadale Antique Centre in lease until 31 Jul 2022.	$6,150,000	$14,137
Sale	18 Mar 1993 Individual unit transaction; unit not specified in source.	$650,000	$1,494
Sale	16 Jan 1981 Individual unit transaction; unit not specified in source.	$180,000	$413

Price per m² based on land size of 435 m².

Property insights

Building profile

The building combines a ground‑floor retail showroom (formerly the Armadale Antique Centre) with a double‑storey residential unit above. Total floor area is approximately 460 m² and the site frontage on High Street is about 14 metres

Long‑standing retail occupant of the ground‑floor shop; lease $215,120 p.a Redevelopment potential Planning Alerts / Ratio Armadale antique centre lease expiry Realcommercial

Property Features

On‑site parking (existing) Realcommercial.com.au
Approx. 14 m retail frontage on High Street
Floor area 460 m² (shop + residential)
Mixed‑use asset with retail frontage: Approx. 14 m frontage, ground‑floor shop plus upper residential unit Redevelopment potential Planning Alerts / Ratio Armadale antique centre lease expiry Realcommercial
Redevelopment potential: 2022 planning application and Ratio concept for a 5‑storey office‑retail tower with 16‑car underground stacker

Recorded sales and leasing agents

Sale handled by Fitzroys Pty Ltd; agents Chris Kombi (0438 156 236) and Chris James (0421 779 714) Realcommercial.com.au Commercialrealestate.com.au

Recorded sale agency (2021 sale): Fitzroys Pty Ltd recorded for the 2021 sale Level 27/360 Collins St, Melbourne VIC 3000 Realcommercial commercial real estate
Recorded listing contacts: Chris Kombi 0438 156 236 Chris James 0421 779 714 Commercial real estate

Development timeline

A planning application submitted on 2 Sept 2022 seeks consent for a multi‑storey office building on the site (Commercial 1 zone, Design & Development Overlay). The developer’s concept (Ratio) envisions a five‑storey mixed‑use tower with 133 m² retail, ~1 000 m² office space across four floors, underground parking for 16 cars and bike storage

Area insights

The surrounding precinct places public transport within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic

Mercer Rd/High St tram stop tram stop; 0.1 km away
Huntingtower Rd/High St tram stop tram stop; 0.1 km away
Glenferrie Rd/High St tram stop tram stop; 0.4 km away
Kooyong Rd/High St tram stop tram stop; 0.4 km away
Malvern tram depot tram depot; 0.4 km away

Read suburb profile

Real Estate Agencies

Ordered by:

Jellis Craig - Boroondara

7.3 km

Hawthorn 3121, Balwyn 3103, Glen Iris 3146, Surrey Hills, VIC 3127

Marshall White

0.9 km

Head Office Level 1, 1111 High Street, Armadale, VIC 3143

Marshall White - Stonnington

0.1 km

1111 High Street, Armadale, VIC 3143

Marshall White - Boroondara

4.6 km

801 Glenferrie Road, Hawthorn, VIC 3122

Jellis Craig - Fitzroy

7.6 km

189 Johnston Street, Fitzroy, VIC 3065

Gary Peer & Associates - Caulfield North

1.6 km

348 Orrong Road, Caulfield North, VIC 3161

Jellis Craig - Carnegie

4.4 km

6/14-22 Woorayl Street, Carnegie, VIC 3163

Buxton Glen Eira

4.6 km

319 Neerim Road, Carnegie, VIC 3163

Jellis Craig - Stonnington

0.3 km

High Street, Armadale, VIC 3143

Marshall White - Balwyn

6.9 km

379-381 Whitehorse Road, Balwyn, VIC 3103

Buxton - Port Phillip

4.2 km

15 Carlisle Street, St Kilda, VIC 3182

The Agency - Victoria

1.8 km

Vic Head Office | Level 3/489 Toorak Road, Toorak, VIC 3142

Fletchers - Glen Iris

2.8 km

1509 High Street (cnr Malvern Road), Glen Iris, VIC 3146

Ray White - Carnegie

4.4 km

77 Koornang Road, Carnegie, VIC 3163

Kay & Burton - Stonnington

2.2 km

Level 7, 505 Toorak Road, Toorak, VIC 3142

Jellis Craig - Port Phillip

6.4 km

332 Montague Street, Albert Park, VIC 3206

Belle Property Armadale - ARMADALE

0.2 km

1258 High Street, Armadale, VIC 3143

MRE - SOUTH YARRA

3.6 km

12 Yarra Street, South Yarra, VIC 3141

RT Edgar

5.3 km

1153 - 1157 Burke Road, Kew, VIC 3101

Shelter Real Estate

3.6 km

Camberwell 3124, Ashburton 3147, Glen Iris, VIC 3146

Little Real Estate - HAWTHORN

2.0 km

Suite 8/26-28 Hall Street, Hawthorn East, VIC 3123

Buxton - Stonnington

2.9 km

92 Chapel Street, Windsor, VIC 3181

RT Edgar

1.7 km

10 Wallace Avenue, Toorak, VIC 3142

Rabbitree Real Estate

7.0 km

Level 1, 718 High Street, Kew East, VIC 3102

* Approximate straight-line distances

Frequently asked questions

What is the property type?

The site is a mixed‑use asset comprising a ground‑floor retail shop and an upper residential unit

What kind of property is this?

1147 High Street is listed as House in Armadale, VIC

How many bedrooms does the residential unit have?

The residential unit above the shop is described as a three‑bedroom dwelling

What is the annual rent of the ground‑floor shop?

The lease for the shop is $215,120 per annum plus GST, expiring on 31 July 2022

What was the sale price in 2021?

The property sold for $6.15 million in November 2021

Who were the agents handling the 2021 sale?

Fitzroys Pty Ltd acted as the selling agency, with agents Chris Kombi (0438 156 236) and Chris James (0421 779 714)

Is there redevelopment potential for the site?

A 2022 planning application seeks approval for a five‑storey mixed‑use office‑retail tower with underground parking for 16 cars and bicycle storage

Which tram stop is nearest to the property?

The Mercer Rd/High St tram stop is about 0.1 km away

Related profiles

Jump to the related profiles for 1147 High Street, including the surrounding street and suburb pages.

Suburb profile

Armadale

Browse the suburb profile, property mix, and related area data.

View suburb profile

Street profile

High Street

See the street-level property page and compare nearby listings.

View street profile