Another High Street Armadale Site Sells, Apartments Planned

ARMADALE’s next major mixed use project looks likely to rise from the site of a rundown collection of buildings between 1196 – 1200 High Street.

A local private investor and developer paid $5.525 million for the 706 square metre site, which is expected will make way for an apartment building with ground floor retail, and maybe some upper level offices.

Property developer and the former owner of Malvern’s Giorgio’s restaurant, George Saade, bid at the auction according to sources.

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Chapel Street’s Conways Building Sells for $12.8 Million

Conways BuildingCHAPEL Street’s historic Conways Building sold at auction on Thursday for $12.8 million.

On a 1000 square metre site, the 2372 square metre Prahran building is configured as four ground floor retail shops, and ten upper floor commercial studios.

On a fully let basis, the property could rent for $775,000 per annum, meaning the asset sold on a 6 per cent market yield.

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Armadale Suite of Buildings Sells For $5.5 Million

ARMADALE’s next major mixed use project looks likely to rise from the site of a rundown collection of buildings between 1196 – 1200 High Street.

A local private investor and developer paid $5.525 million for the 706 square metre site, which is expected will make way for an apartment building with ground floor retail, and maybe some upper level offices.

Property developer and the former owner of Malvern’s Giorgio’s restaurant, George Saade, bid at the auction according to sources.

Read more
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