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.