8 Railway Parade, Highett, VIC 3190

Offices | Showrooms | Retail

Sold

  • Property ID: 359874
  • Floor Area: 182m²
  • Land Area: 347m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
8 Sold N/A 182m2 347m2 Contact Agent
Double Fronted Freehold Investment !

An excellent freehold investment property perfectly positioned in the heart of Highett.
Situated on 347m2* of Commercial 1 Zoned land with current improvements totaling 182m2* and featuring an impressive 8.45 metre double frontage.
Additional noteworthy features include valuable rear lane access, excess rear land, onsite car spaces and rear storage shed.

Leased to the renowned Hallmarc Development Group who occupies the property as a commercial office / showroom providing a strong rental return of $68,000.00 per annum net on a three (3) year lease term.

Located 2km* from the Port Phillip Bay, the property is surrounded by numerous small and major retailers and multiple new high rise residential apartment buildings which supports the strong influx of residents in the Highett region.
Also situated directly opposite the Highett Train Station providing exceptional accessibility.

Investment Summary:
- Tenant: Hallmarc Group
- Rental: $68,000.00 p.a net
- Lease term: Three (3) years
- Commencement date: 1st September 2019
- Land area: 347m2*
- Building area: 182m2*
- Rear lane access & rear storage shed
- Valuable future development potential
- Directly opposite Highett Train Station

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: 30/60/90 Days
  • Lease Term: Three (3) years
  • Rent Review: 3% annual increases
  • Car Spaces: Onsite
  • Condition: Good
  • Air Conditioning: Yes
  • Floors: Concrete
Highett Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $5400 $343 6.35%
Industrial $5675 $250 4.40%
Offices $5669 $254 4.48%
This is the average advertised price, rent and yield for Highett, VIC 3190*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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