Generational Corner Freehold in Tightly Held Hampton Street | Fully Leased Investment
281 Hampton Street , Hampton VIC
Property Highlights
Description
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.
SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au
JUSTIN KRAMERSH
0460 349 605
jkramersh@burgessrawson.com.au
DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au
ROMANOR FALCONER
0413 830 808
rfalconer@burgessrawson.com.au
*approx.
**Cordell Connect.
*** ABS.
Property Details