Generational Corner Freehold in Tightly Held Hampton Street | Fully Leased Investment

281 Hampton Street , Hampton VIC

Property Highlights

Premium Commercial 1 Zoning
Future Rental Uplift and Dev. Potential
Building of 344 sqm* Over 3 Levels
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Burgess Rawson is delighted to offer to the market the dual commercial lease investment at 281 Hampton Street, Hampton VIC for sale via private treaty.

The Property has the following investment highlights:

+ Multiple income streams with two recently renewed commercial leases, providing recoverable outgoings.
+ Strategic 161 sqm* landholding with premium Commercial 1 Zoning in a tightly held and prestigious Hampton Street location.
+ Future rental uplift with the combined average rental of $300 p/sqm across both tenancies.
+ Well presented 344 sqm* building, over three levels incorporating corner retail plus versatile showroom/residence and double garage on-title.
+ Fixed 3% annual rent increases, ensuring future rental growth.
+ Favourable corner position with three exposed frontages and surrounding precedent for potential future development (STCA)
+ Woolworths, BWS, Hampton Train Station, Hampton primary school, Hampton beach and 556 new apartments approved/under construction all within 650 metres.**
+ Hampton: Affluent bayside suburb with the median house price of $2,341,000* with a weekly household income 54% higher than the national average.***
+ Net Income: $104,825 pa* + GST.

To be sold by private treaty.

0411 860 865

0460 349 605

0417 308 067

0413 830 808

**Cordell Connect.
*** ABS.

Property Details

Current Tenant
Occupancy Type
Land Size
161 SQM
Building Area
344 SQM

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