ASX-listed funeral parlour leases in Armadale

Inside 1204 High Street, Armadale.

InvoCare – a leading provider of funeral, cemetery, crematoria and related services – has leased a 110 square metre shopfront in Melbourne’s ritzy Armadale.

The ASX-listed group, which trades in Australia, New Zealand and Singapore, is paying annual rent of $75,000 to occupy 1204 High Street.

Tom Larwill from Morley Commercial negotiated the lease. The premises was formerly occupied by an anti-ageing skin clinic.

The affluent retail strip has seen a wave of retail leasing this year.

In August, we reported that a fashion store has committed to the 1033 High Street store formerly occupied by Jagged, a clothing company co-controlled by media personality Bec Judd and her husband, former footballer Chris.

This deal was struck on a rent valuing the space at close to $900 per square metre.

Across the road, a carpet retailer leased 1126 High Steet, paying a similar rent.

Both these deals were also negotiated by Mr Larwill.

At 926-930 High Street, the former Armadale Cinema, until recently occupied by failed auction house Mossgreen, is also speculated to be close to finding a tenant.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco
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