UAG LISTS GROUND FLOOR SPACE ON ARMADALE’S ICONIC HIGH STREET

Diversified developer United Asia Group (UAG) plans to offload its former headquarters at 881 High Street, Armadale, appointing leading Victorian commercial property agency, Jones Real Estate, to manage the sale.

Spanning 190 square metres, the design-driven ground floor space conceived by BCS Studio brings to market meticulously crafted office areas boasting high-clearance ceilings, a private boardroom, basement car park, a Japanese-inspired courtyard and outdoor terrace.

The commercial offering is positioned underneath UAG’s 881 Armadale luxury residential development, which features a host of premium amenity like a rooftop garden, gym and pool that can also be used by the commercial property’s new tenant.

Thanks to its significant ten-metre presence along High Street, this rare characteristic of the property is anticipated to attract interest from across the retail, commercial and medical consulting sectors.

Commenting on the property, prolific Melbourne developer and founder of UAG, Nicole Chow, said: “The ground floor tenancy at 881 High Street is an attractive proposition for both investors and owner-occupiers, as it brings together the luxurious features Armadale’s residential catchment and retail precinct are known for, but into a contemporary office setting supported by excellent hotel-style amenity and boasting direct frontage to High Street.”

Sales throughout Armadale in Melbourne’s blue ribbon inner-east have performed strongly over the past decade, with both residential and commercial property values soaring.

Talking to the listing, Jones Real Estate selling agent Sam Guest, who is marketing the property with colleague Luke Peric, said: “881 High Street is a versatile 190 square metre space ideal for retail, office or medical purposes. It has been meticulously designed by BCS Studio for renowned developer United Asia Group, offering a rare chance to establish a commanding 10 metre on-street presence in one of Melbourne’s most esteemed postcodes.”

The vacant possession property is being sold with its current high-end fit out via public on-site auction on Wednesday 20 March at 12:30pm.

For more information about Jones Real Estate’s 881 High Street, Armadale, property listing, please visit https://www.jonesrealestate.com.au/properties/881-high-street-armadale-2/