First time offered in over 40 years, 583 Hampton St, Hampton is a rare entry level opportunity to purchase a prized retail freehold within the tightly held Hampton Street shopping precinct.
Key attributes are:
Large landholding of 252sqm*
Building area 130sqm* with rear access via ROW
Securely leased to 'AU Life Pilates'
New 2 + 2 year lease from 1st January 2022
Rental income of $29,400 p.a. + GST + Outgoings
Future rent upside, rent considered below market
Commercial 1 zoning, provides flexible future use (STCA)
Excellent development / add value upside
Potential to build up to three (3) stories (STCA)
Ideal for investors, future occupiers or developers
Located on the border of Hampton & prestigious Brighton
Metres to private schools St Leonard's College & Haileybury, Hampton is a prestigious bayside suburb with a current median house price of $2,325,000**. Hampton Street, Hampton is considered one of Melbourne's most sought after shopping strips. Anchored by Woolworths and surrounded by fantastic cafes, eateries and retailers.
(*approx, ** source ***)
Auction Thursday 24th February 2022 at 12:00 pm onsite.
Contact the exclusive selling agents:
Oliver Commercial Advisory
Kenny Oliver 0409 144 188 kenny@ocadvisory.com.au
Agent in conjunction
Buxton Sandringham
Adam Saunders 0405 456 255 asaunders@buxton.com.au
