222 Jull Street,
ARMADALE

Investment + Development Potential

What an opportunity we have here to purchase a prime site in a brilliant location in the Jull Street mall two doors down from the pedestrian entrance to the Armadale Shopping Centre. Located only a 100m or so from the newly developed Armadale Train Station the site suits retail operations, strategic offices, medical centre as well as eateries.

The property is ripe for redevelopment but also has excellent holding income (currently $30,960pa) so it may also suit investors who would prefer to hold.

• Land Area 483m2 (BUILDING and CAR PARKING bonus's available STCA)
• Building Area 150m2 (app)
• Zoning Strategic Regional Centre/R-AC0 Refer to City of Armadale for information on specific development opportunities.

The property is also part of the proposed Armadale Activity Centre Structure plan.

The current Building on the property is approx 150m2 and is broken into three (3) tenancies as follows;

• Unit 1 (41m2) - Leased until 19/06/2027 + 3 year option @ $7380 pa plus outgoings
• Unit 2 (31m2) - Leased until 14/09/2026 + 1 year option @ $5580 pa Plus outgoings
• Unit 3 (80m2) - Leased until 20/12/2028 + no options @ $18000pa Plus outgoings

This is a great opportunity at a great price for a boutique development.

Take advantage now contact Brian O'Neil 0409 870 970 to discuss and arrange viewings