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902-904 Nepean Highway
Hampton East VIC 3188
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Sold on 21 Feb 2024

902-904 Nepean Highway Hampton East VIC 3188

  • Shop & Retail
  • 380 m²
  • Sold

Take it to the Bank - ASX Top 10 Tenant in High Profile Bayside Location

    Burgess Rawson in conjunction with Fitzroys are pleased to offer to the market the brand-new ANZ branch in Hampton East VIC for sale via Portfolio Auction 166 at Crown Casino on February 21st 2024 at 10:30am (AEDT).

    The property has the following key investment highlights:

    + Lease to ANZ (ASX Top 6 listed company) with the tenant paying all outgoings as per the lease including land tax (SHB).
    + Immaculate fit out, incorporating the award-winning ANZ 'Breathe' concept.
    + Customer demand led to ANZ hand selecting this particular location which services important and established catchment with personal and business banking services.
    + Fixed 4% annual rent increases assuring future rental growth.
    + Impressive 401sqm* freehold site with 11 metres* of frontage and exposure to Nepean Hwy frontage plus ROW.
    + Highly sought-after Activity Centre Zone 1 site with height limit of 5 storeys (17 metres STCA) ensuring potential future upside.
    + Strategic Nepean Highway location with exposure to 64,640* vehicles passing daily**
    + A minimal management, essential service investment.
    + Located directly opposite Moorabbin train station and within an established and successful retail precinct that features Subway, Macpac, Chemist Warehouse and Anytime Fitness.
    + Hampton East: Highly sought after metro bayside suburb surrounded by some of Melbourne's most highly sought after residential addresses and located 14km* from Melbourne CBD.
    + Annual Net Income: $166,400pa* + GST (June 2024)

    For Sale via Burgess Rawson's Portfolio Auction 166
    Wednesday 21 February 2024, 10:30am AEDT
    Crown Casino, Melbourne

    For further information, please contact the conjunctional selling agents below:

    Burgess Rawson

    Matthew Wright - 0458 290 588
    Zomart He - 0488 220 830
    Justin Kramersh - 0460 349 605

    Fitzroys

    Tom Fisher - 0417 980 824
    Mark Talbot - 0409 222 411

    AUCTION

    Auction date and time21/02/2024 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold21 Feb 2024
    Floor Area380 m²
    Land Area401 m²
    ParkingAsk Agent
    Property ID2019009276
    Category
    Last updated  21 Feb 2024
    Map for 902-904 Nepean Highway Hampton East VIC 3188
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold21 Feb 2024
    Floor Area380 m²
    Land Area401 m²
    ParkingAsk Agent
    Property ID2019009276
    Category
    Last updated  21 Feb 2024

    Co-Agents

    Matthew Wright
    Burgess Rawson VIC Pty Ltd
    Call
    0458 290 588
    Justin Kramersh
    Burgess Rawson VIC Pty Ltd
    Call
    0460 349 605

    More about 902-904 Nepean Highway Hampton East VIC 3188

    902-904 Nepean Highway Hampton East VIC 3188 is categorized as Shop & Retail Property. It has a floor area of 380 m² and a land area of 401 m². The listing ID for this property is 2019009276.

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