SOLD
Sold on 21 Feb 2024 for $3,251,000

902 Nepean Highway
Hampton East VIC 3188

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 201m2
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Property Details for 902 Nepean Hwy, Hampton East

Building Type
Commercial
Land Size
201m2
Local Government
Bayside
Lot/Plan
41/LP16973

Last Listing description (September 2023)

Burgess Rawson in conjunction with Colliers International are pleased to offer to the market the brand-new ANZ branch in Hampton East VIC for sale via On Site Auction, 12:30pm AEST, Friday 8 September 2023.

The property has the following key investment highlights:

+ANZ: ASX top 6 listed company with current $76 Billion market cap.

+Brand new 4 year and 3 month lease plus options to 2033.
+Newly opened 2023 branch, with $1.2 million tenant fit out in the award-winning ANZ 'Breathe' concept.
+Hand selected location servicing an important and established catchment with personal and business banking services.
+Fixed 4% annual rent increases assuring growth.
+Attractive 'net lease terms' with the tenant paying all outgoings as per the lease including land tax.
+Ultra high exposure 401sqm* freehold site with 11 metre* frontage and exposure to Nepean Hwy frontage plus rear access.
+Highly sought-after Activity Centre Zone 1 site with height limit of 5 storeys (17 metres STCA) ensuring potential future upside.
+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: $160,000pa* + GST

For Sale via On Site Auction
12:30pm AEST
Friday 8th September 2023

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

Burgess Rawson
Matthew Wright 0458 290 588
Beau Coulter 0413 839 898
Zomart He 0488 220 830

Colliers International
Tim Mcintosh 0488 320 063
Yvonne Zhou 0415 100 831
Matt Stagg 0409 411 300

Property History for 902 Nepean Hwy, Hampton East, VIC 3188

A timeline of how this property has performed in the market
Last Sold
$3,251,000
21 Feb 2024
  • 21 Feb 2024
    Sold for $3,251,000
  • 12 Sep 2023
    Sold for $3,550,000
  • 11 Aug 2023
    Listed for Sale Price on Request
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About Hampton East 3188

The size of Hampton East is approximately 1.4 square kilometres. It has 7 parks covering nearly 8.4% of total area. The population of Hampton East in 2011 was 4,395 people. By 2016 the population was 4,696 showing a population growth of 6.8% in the area during that time. The predominant age group in Hampton East is 40-49 years. Households in Hampton East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hampton East work in a professional occupation. In 2011, 59.6% of the homes in Hampton East were owner-occupied compared with 59.6% in 2016.

Hampton East has 2,950 properties. Over the last 5 years, Houses in Hampton East have seen a 14.27% increase in median value, while Units have seen a 14.81% increase. As at 30 November 2024:

  • The median value for Houses in Hampton East is $1,553,925 while the median value for Units is $803,894.
  • Houses have a median rent of $800 while Units have a median rent of $585.
There are currently 2 properties listed for sale, and 1 property listed for rent in Hampton east on OnTheHouse. According to CoreLogic's data, 126 properties were sold in the past 12 months in Hampton east.

Suburb Insights for Hampton East 3188

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.