251-255 Hampton Street Hampton VIC 3188

251-255 Hampton Street, Hampton could be one of the most unique buying opportunities ever presented to the market on value for money.

It is the sale of two (2) shops and two (2) offices on an underdeveloped huge land holding of 490sqm* with rear laneway access.

This Prime Bayside opportunity is in Hampton's dynamic and thriving mixed-use precinct and provides an incredible land bank opportunity for the buyer.

Key features include:

* 100% fully leased to four (4) different on varying lease terms all with fixed rental increases throughout the leases.

* Current passing income of $93,619 per annum

* All tenants (bar one) pay outgoings on property (excluding land tax)

* Rear car parks accessed via rear laneway for tenants

* The improvements can be continued as the building on the land is well underdeveloped so can be easily extended (STCA)

* A strategic freehold landholding of 490sqm* which is dual-fronted with the ability to add value via re-purpose, re-fit, value-add or residential or commercial development upside (STCA)

* Expansive frontage of 11m* to Hampton Street and rear laneway vehicle entry allowing for significant retail activation or any future development

* Highly sought after and proven Bayside suburb with a median house price that is well in excess of $2,000,000* (REIV)

* Proximity to Hampton Beach, which is only 300m* away

* Outstanding location with access to the Hampton Street retail precinct which includes an assortment of national brands, boutique specialty stores, health and well-being services, incredible hospitality operators and a Woolworths supermarket.

For further details or to arrange an inspection please contact:

James Glen 0401 493 277
Matt Nichols 0418 186 488

DISCLAIMER:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

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