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Sold on 02 Oct 2024 - Price Unavailable

11/35-41 Westpool Drive
Hallam VIC 3803

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 297m2
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Property Details for 11/35-41 Westpool Dr, Hallam

Building Type
Commercial
Floor Size
297m2
Local Government
Casey
Lot/Plan
11/PS524873

Last Listing description (October 2024)

RWC Oakleigh is delighted to present 11/35-41 Westpool Drive, Hallam to the market which will be offered via a public on-site and online Auction scheduled for Wednesday 2nd October 2024 at 11:30 am.

This immaculately presented office/warehouse investment is ideally located within a clean and secure complex fronting Westpool Drive and just moments from Hallam South Road, South Gippsland Highway and Princes Highway. The property benefits from having secure tenants returning a combined rental income of $40,680.88 p/a + GST + outgoings making this a prime investment opportunity.

• Total building area | 297m2*
• Including ground office area with heating/cooling | 200m2*
• Plus bonus mezzanine/storage area | 200m2*
• Five year Lease commenced July 2022
• Further option of five (5) years
• Combined rental income | $40,680.88 p/a + GST + outgoings
• Rental increases | 3% fixed annually
• Five (5) car spaces on-title
• Container height motorised roller door
• Securely gated estate
• Industrial 1 Zone (IN1Z)

Inspection Times:

• Monday 30th September 2024 | 11:00am - 11:30am
• Wednesday 2nd October 2024 | 11:00am - 11:30am (Auction Day)

Please visit the Anywhere Auctions website via the link below or click on the "Register to Bid" button below:

https://anywhereauctions.com.au/app/property?propertyId=42524

For further information and to obtain a copy of the contract or information memorandum, please contact one of the exclusive marketing agents below:

George Kelepouris | 0425 798 677
Anthony Anastopoulos | 0488 095 057

*All areas and figures approximates only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

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Property History for 11/35-41 Westpool Dr, Hallam, VIC 3803

A timeline of how this property has performed in the market
Last Sold
02 Oct 2024
  • 02 Oct 2024
    Sold
  • 05 Sep 2024
    Listed for Sale Sold
  • 05 May 2024
    Listed for Sale Forthcoming Auction
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About Hallam 3803

The size of Hallam is approximately 8.3 square kilometres. It has 30 parks covering nearly 6.4% of total area. The population of Hallam in 2011 was 10,161 people. By 2016 the population was 10,867 showing a population growth of 6.9% in the area during that time. The predominant age group in Hallam is 20-29 years. Households in Hallam are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hallam work in a trades occupation. In 2011, 74.8% of the homes in Hallam were owner-occupied compared with 71.6% in 2016.

Hallam has 5,897 properties. Over the last 5 years, Houses in Hallam have seen a 32.18% increase in median value, while Units have seen a 28.79% increase. As at 31 October 2024:

  • The median value for Houses in Hallam is $755,186 while the median value for Units is $515,110.
  • Houses have a median rent of $530 while Units have a median rent of $500.
There are currently 38 properties listed for sale, and 8 properties listed for rent in Hallam on OnTheHouse. According to CoreLogic's data, 194 properties were sold in the past 12 months in Hallam.

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George Kelepouris
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Anthony Anastopoulos
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Ray White Commercial Oakleigh
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