Auction: 21/02/202410:30 AM

902-904 Nepean Highway
HAMPTON EAST, VIC 3188

Property Type
Retail
Building Area
380m2

Take It To The Bank - ASX Top 10 Tenant In High Profile Bayside Location

Fitzroys in conjunction with Burgess Rawson are pleased to offer to the market the brand-new ANZ branch in Hampton East VIC for sale via Portfolio Auction 166 at Crown Casino on February 21 at 10:30am (AEDT).

The property has the following key investment highlights:

  • Secure lease to ANZ (ASX Top 6 listed company) with the tenant paying all outgoings as per the lease including land tax (SHB).
  • Immaculate fit out, incorporating the award-winning ANZ ‘Breathe’ concept.
  • Customer demand led to ANZ hand selecting this particular location which services important and established catchment with personal and business banking services.
  • Fixed 4% annual rent increases assuring future rental growth.
  • Impressive 401sqm freehold site with 11 metres of frontage and exposure to Nepean Hwy frontage plus ROW.
  • Highly sought-after Activity Centre Zone 1 site with height limit of 5 storeys (17 metres STCA) ensuring potential future upside.
  • Strategic Nepean Highway location with exposure to 64,640* vehicles passing daily
  • 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: $166,400pa* + GST (June 2024)

For Sale via Burgess Rawson’s Portfolio Auction 166 Wednesday 21 February, 10:30am AEDT Crown Casino, Melbourne

For further information or an inspection, please contact Fitzroys selling agents Tom Fisher or Mark Talbot.

In conjunction with Burgess Rawson

*Approx.

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Consultant

Tom Fisher

M: 0417 980 824
E: fishert@fitzroys.com.au

Mark Talbot

M: 0409 222 411
E: talbotm@fitzroys.com.au

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Property Type
Retail
Building Area
380m2
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