Arguably High Street's Best Shop - Leased by International Fashion Icon
1052 High Street, Armadale VIC

Stonebridge Property Group is delighted to present for sale 1052 High Street, Armadale, tenanted by globally recognised fashion icon Dion Lee.

 

The key highlights of the opportunity include:

  • A striking High Street freehold strategically located in one of Armadale’s most desirable positions, bookended between the biggest names in international fashion and retail notably Mecca, Scanlan Theodore, Aesop & Zimmerman
  • Leased by longstanding tenant Dion Lee, the established international fashion brand boasts a global network including 8 flagship Australian stores
  • Dion Lee originated out of Sydney in 2009 and is now a permanent fixture in New York and other fashion capitals across the world (sold globally in over 40 of the world’s most exclusive retailers including Net-A-Porter, Selfridges and Lane Crawford
  • Leased on a favourable 5-year term with no further options to renew from 2026 (providing possibilities for owner occupiers)
  • Comprising 180 sqm* of Commercial 1 Zoned land that benefits from the flexibility of rear lane access via Clarendon Street – providing scope for future development (STCA)
  • A well-designed 124 sqm* by retail architect Kelvin Ho, that provides 6.2 m* of sought after High Street frontage
  • High Street stands as one of Melbourne’s strongest trading precincts with retail space highly sought after by the biggest international names in fashion & retail
  • High Street retailers are supported by the immense wealth offered through the population of neighbouring suburbs Toorak & Malvern (these suburbs boast median house prices of $5,000,000 & $3,220,000)^
  • Dion Lee provides annual income of $98,538* + GST + Outgoings
    * Approximate
    ^ www.realestate.com

 

1052 High Street, Armadale is offered for sale via Public On-Site Auction Thursday 18th August 2022 at 12:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

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