626 Hampton Street, Brighton, Vic 3186

This is a rare investment opportunity to secure a property in a thriving retail strip that we believe is very robust in today's market. 

The businesses in this strip service many loyal and affluent customers. As a testament to this, In A Pickle Deli have been trading from the premises for over 20 years, showcasing excellent longevity.

Hampton Street is Bayside's longest shopping strip, offering a village style shopping experience with fresh food retailers, specialty delis, independent boutiques, gift shops, lifestyle stores and cafés. 

The area typically maintains a very low vacancy rate, with many of these businesses having operating here for a significant period of time.

The strip is a hub for weekend shopping, everyday essentials and dining, with repeat customer patronage. It's in walking distance from nearby high disposable income residential areas, making this a terrific opportunity to capitalise on.

Key features include:

* Long standing tenant: In A Pickle Deli, operating from the premises for over 20 years

* Current net rental: $56,574 PA

* Five (5) year lease until 31 January 2029

* Tenant has one further option of five (5) years

* Fixed rental increases of 4% throughout the lease

* Tenant pays all outgoings, excluding land tax

* Total building area: 150sqm*

* Total land area: 223sqm*

* Rear laneway access for deliveries

* Commercial 1 zoning

* Council car park behind shop + on grade street parking in Ratho Avenue for customers

* Huge development upside (STCA). The neighbouring property at 628 Hampton Street showcases a great example of re-development.

For further details or to arrange an inspection please contact:

James Glen 0401 493 277

DISCLAIMER:

* All information and measurements are approximate and should not be relied upon as accurate. The stated net internal area of the premises is provided as an indicative estimate only and is not a substitute for carrying out precise measurements. Interested parties should refer to the Contract of Sale and/or Lease documentation for definitive details. All images are subject to copyright.

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