47 Apollo DriveHallam VIC 3803
Property Details for 47 Apollo Dr, Hallam
Last Listing description (September 2023)
CBRE is pleased to bring 47 Apollo Drive, Hallam to market For Sale via Expressions of Interest closing Wednesday 11th October 2023 at 3pm AEDT (unless sold prior).
A now considered 'infill' industrial precinct, Hallam has been starved of genuine opportunities to acquire serviced industrial land for years. 47 Apollo Drive, will be sold via leaseback to Dandenong Heavy Haulage Pty Ltd on the following lease terms:
+ Lease commencing 15th March 2024
+ 3-year lease (no further options)
+ $200,000 per annum ($50 per sqm)
+ 4% annual increases
+ 3-month bank guarantee
Property highlights include:
+ Heavy duty hardstand with the ability to store over 50 tonne machinery
+ Fully secure and level
+ Serviced with water, power, electricity and NBN
+ Ability to owner occupy or re-develop (STCA).
Hallam location highlights include:
+ Hallam Train Station 700m*
+ Hallam South Road 650m*
+ Princes Hwy 1km*
+ South Gippsland Freeway 1.6km*
+ Monash Freeway (M1) 2.8km*
+ Melbourne CBD 32km*
+ Port of Melbourne 36km*
For a copy of the Information Memorandum or Contract of Sale, please contact one of CBRE's exclusively appointed agents.
*Approx
Property History for 47 Apollo Dr, Hallam, VIC 3803
- 20 Nov 2023Sold for $4,200,000
- 11 Sep 2023Listed for Sale Contact Agent
- 11 Aug 2010Sold for $875,000
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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 5,880 properties. Over the last 5 years, Houses in Hallam have seen a 38.56% increase in median value, while Units have seen a 21.09% increase. As at 31 August 2024:
- The median value for Houses in Hallam is $765,397 while the median value for Units is $516,334.
- Houses have a median rent of $530 while Units have a median rent of $470.
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