The perfect property to add to your property portfolio, strategically located in one of Melbourne's most affluent suburbs on the well known Hampton Hill.
A standout property 405 Hampton Street, Hampton ticks all the boxes. With a long-standing tenant, strategic location amongst other successful businesses, and within walking distance of two (2) large council car parks.
Positioned near the corner of Hampton and Willis Streets in Hampton, this east facing property is undoubtedly one of the better offering's on this popular retail strip. With strong sales in the area in recent times, it is easy to see why.
Key features include:
* Leased to successful business: Shakes Juice and Ice Cream Bar
* Business has been in occupation since 2003
* Total net rental: $63,011 p.a. (as at 1st October 2022)
* Lease expires 30th September 2024
* Fixed annual increases of 3%
* Tenant has one (1) further option of three (3) years
* Building area: 150sqm*
* Land area: 150sqm*
* Rear lane way access
* Long-standing tenants in COVID (lockdown proof business)
* Potential to occupy in 2027
* One (1) on site car space at rear
* Separate private access allowing for multiple leases to separate tenants
* Good residential development potential (STCA)
For further details please contact the exclusive selling agents below:
James Glen 0401 493 277
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
*All enquirers must provide a contact number if they wish to be contacted.
