6 Spring SquareHallam VIC 3803
Property Details for 6 Spring Sq, Hallam
Last Listing description (June 2024)
Online Auction Bidding Registration: https://anywhereauctions.com.au/app/property?propertyId=43139
RWC Oakleigh is pleased to present to the market 6 Spring Square, Hallam which is being offered via a public on-site & online Auction scheduled for Thursday 20th June 2024 at 11:00 am.
Spring Square Shopping Centre itself is anchored by Coles Supermarket and is accessible via the Monash Freeway (M1), Princes Highway & the South Gippsland Freeway. Businesses here include Liquorland, Australia Post, Pharmacy, Dentists, Lawyers, Real Estate Agencies, Restaurants, Salons, Bakeries, Fish n Chips & a Newsagency along with many other specialty stores & food outlets. Bunnings Warehouse can be found trading 1km* down the road with Hallam Secondary College 500m* away.
The property benefits from having two separate tenants with two separate leases in place with one being a well known real estate agency and the other being an accountant / bookkeeper on the first floor.
Property Attributes:
• Total land area | 186m2*
• Total building area over two levels | 173m2*
• Combined rental | $68,400 p/a + GST
• Both lease terms: 3 + 3 + 3 Years
• Tenants pay all applicable outgoings
• Fixed 4% annual increases
• Anchored by Coles Supermarket and complimented with an abundance of public car parking
• Easy access to major arterials including the Monash Freeway (M1) & Princes Highway
• Rear access via ROW
• Commercial 1 Zone (C1Z)
Open for inspection:
• Thursday 13th June | 1:00pm - 1:30pm
• Thursday 20th June | 10:30am - 11:00am (Auction Day)
For further information please contact one of the exclusive marketing agents below:
Theo Karkanis | 0431 391 035
Anthony Anastopoulos | 0488 095 057
* All areas and figures approx 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.
Property History for 6 Spring Sq, Hallam, VIC 3803
- 20 Jun 2024Sold for $1,058,000
- 20 May 2024Listed for Sale Auction ($900,000 - $990,000)
- 17 Nov 2022Sold for $665,000
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0About 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 5,896 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.
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