October 04, 2017

HIGH FIVE ON HAMPTON

AUCTION
Thursday, October 26, 2017 at 12 noon on site

390-392 Hampton Street, Hampton

Nichols Crowder is proud to offer to the market a rare, double-fronted retail property with first-floor apartments at 390-392 Hampton Street, Hampton.  Set for auction on October 26 at 12noon on site, the property provides substantial upside potential via the apartments and rooftop terrace.

Comprising 2 shops, 2 apartments, and a planning permit for an additional 2-bedroom penthouse on the rooftop, there are current income streams and future opportunities for investors and developers alike.  The retail shops have two new 3-year leases totalling $78,949 per annum plus GST, with options to renew. With potential income from the residential component at $57,100 per annum plus GST, the total estimated income for the whole property (excluding the potential penthouse) is around $138,000 plus GST.  The existing residential apartments are being sold with vacant possession.

James Glen, Senior Sales Executive, says, “This quality property on land of 298sqm is in a fantastic location, providing short-term and long-term investment options and flexibility.  With approvals for a 2-bedroom penthouse apartment on the rooftop, there is significant opportunity for greater income and future growth.”

Inspect as advertised or by appointment.

Saturday, October 7 and 14, from 10:00am to 10:30am

Thursday, October 12 and 19, from 11:00am to 11:30am

Thursday, October 26, from 11:30am to 12:00noon

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.

 

For further details, please contact:
James Glen                                                                    Sally-Anne McQuillan
0401 493 277                                                                  0400 203 203

jamesg@nicholscrowder.com.au                                       sallyanne@nicholscrowder.com.au