7% – 7.25% Yield | Priced To Sell

427 Hampton Street , Hampton VIC

Property Highlights

Securely leased to 2033 plus options
Annual fixed 3% rent increases
2 titles on prestigious Hampton St
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Description

Secure lease until November 2033 on landlord-favourable net terms with 4 month security deposit.

Butcher & Vine: experienced and decorated hospitality operators, rated the #1 steak restaurant in Melbourne (1).

Fixed 3% rent increases ensuring strong and certain growth.

Two titles sold in-one-line providing long term upside and flexibility, includes two basement car spaces.

Large 652sqm approx premises incorporating dining, alfresco, kitchen, bar, courtyard and function areas with highly sought after general liquor licence (Hotel Licence) for 225 patrons that is attached to the property.

Prime location next door to the Hamptons Bakery and two doors from proposed new supermarket.

Woolworths, BWS, Australia Post, Hampton Train Station, Hampton Primary School, St Mary’s Primary School and 556 new apartments under construction (2), all within 420m*.

Hampton’s weekly household income is 54% higher than the national average (3).

Significant tax/depreciation benefits.

Net Income: $281,841 pa* + GST (As at Nov 2023)

To be sold via Private Treaty

1 World’s Best Steaks

2 Cordell, Urban

3 ABS

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
652 SQM
Building Area
567 SQM

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