26 Hampton RoadEssendon West VIC 3040
Property Details for 26 Hampton Rd, Essendon West
Last Listing description (September 2024)
Jason Commercial is pleased to offer for sale to the public market: 26 Hampton Road, Essendon West.A rare opportunity to secure an excellent retail/dwelling investment in a prominent, and affordable local retail strip. This asset presents a great opportunity to the savvy investor; to bank the existing rental income and value add in the future with development (STCA). KEY FEATURES INCLUDE:* Land area: 227 m2 (approx)* Building area: 190 m2 (approx)* Rear laneway access* Commercial 1 zoneLEASE DETAILS: * Net rental: $27,552 p/a * 100% of all outgoings paid by tenant* 2 Year lease commencing 1st January 2023* 2 further options of 2 years each to renew* Annual rent increases at 4% fixed and Lease options at Market ValuePlease note: all prices quoted are GST exclusive. All enquiries must include full first name & surname, mobile number and email address.For further information regarding this property, please contact below agent/sLeo Kikyris 0408 365 860leo@jasonrealestate.com.auJoseph Sassine 0419 332 839joseph@jasonrealestate.com.au
Property History for 26 Hampton Rd, Essendon West, VIC 3040
- 03 Jul 2024Listed for Sale $850,000
- 14 Jul 2023Listed for Sale $850,000
- 03 Feb 2023Listed for Sale Contact Agent
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About Essendon West 3040
The size of Essendon West is approximately 1 square kilometres. It has 9 parks covering nearly 29.4% of total area. The population of Essendon West in 2011 was 1,398 people. By 2016 the population was 1,407 showing a population growth of 0.6% in the area during that time. The predominant age group in Essendon West is 40-49 years. Households in Essendon West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Essendon West work in a professional occupation. In 2011, 73.6% of the homes in Essendon West were owner-occupied compared with 70.7% in 2016.
Essendon West has 797 properties. Over the last 5 years, Houses in Essendon West have seen a 27.23% increase in median value, while Units have seen a 13.40% increase. As at 31 August 2024:
- The median value for Houses in Essendon West is $1,265,216 while the median value for Units is $723,231.
- Houses have a median rent of $720 while Units have a median rent of $650.
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