StreetHAMPTON HAMPTON 514 + 516 Buy one or both 2 x Auctions Wednesday 12th October starting from 12pm on-site
StreetHAMPTON HAMPTON 514 + 516 514–516 Hampton Street Hampton | 3 CONTENTS 4 Introduction 6 Executive Summary 10 Why Buy? 14 Tenancy Details 16 Property Particulars 18 Location 22 Floor Plans 26 Sale Method
INTRODUCTION
Aston Commercial in conjunction with Teska Carson are pleased to offer the two properties located at 514 & 516 Hampton Street, Hampton for Sale by back-to-back Public Auction’s on Wednesday 12th October 2022 starting at 12pm on-site.
These magnificent strata retail spaces sit beneath the Hampton Green development, positioned amongst this impressive and popular bayside retail precinct.
514–516 Hampton Street Hampton4 |
With fantastic lease covenants and a prime location, we highly recommend these investment opportunities for your serious consideration.
A great opportunity to begin or expand your portfolio with one or both of either popular Asian eatery “Honey Boy” or National cycling retailer “Cycle Closet”.
*approx.
516 Hampton St Retail – Leased to Cycle Closet Five (5) Year Lease @ $61,800 pa 150 sqm* + 2 car spaces
Positioned on the Ground Floor of the Hampton Green development located on the intersection of Littlewood & Hampton Street’s
TERMS OF SALE
Takis gtakis@teskacarson.com.au0403Director259559
HAMPTON 514 + 516
Commercial Zone – C1Z
1
Liam Rafferty Associate Director 0421 886 liam@astoncommercial.com.au655 EXECUTIVE SUMMARY
LOCATION
10% deposit with the balance payable in 60 days
StreetHAMPTON
George
EXCLUSIVE SELLING AGENTS
METHOD OF SALE
For Sale by Public Auction’s on Wednesday 12th October 2022 starting at 12pm on-site
Jeremy Gruzewski Executive Director 0422 211 jeremy@astoncommercial.com.au021
ZONING
DESCRIPTION
514 Hampton St Restaurant – Leased to Honey Boy Seven (7) Year lease @ $84,872 pa 199 sqm* + 3 car spaces
TWO OUTSTANDING INVESTMENTS BUY ONE OR BUY BOTH
Why buy? STRONG EXPERIENCEDCOVENANTSLEASETOOPERATORSPRIME CORNER WITHEXPOSUREMAXIMUM
THRIVINGPRECINCTRETAIL COMMERCIALFLEXIBLE 1 – C1Z ZONING BUY ONE OR BUY BOTH
https://honeyboy.net.au/
Commencement Date: 15th August 2020
Current Rent: $84,872.00 net pa
Honey Boy is a memory of growing up in Asia.
Trading Name: Honey Boy
Rent Reviews: Fixed annual increases of 3%
Tenant: Alex & Co Trading Pty Ltd
Outgoings: Paid by tenant
It’s the colour and noise of the street markets of Thailand, Vietnam, Malaysia and China. And of course, the unforgettable aromas and flavours of the food. It’s the memory of watching that organised chaos of grills and burners, flying woks, intoxicating spices and lightning-fast fingers as each stall produced exquisite specialties that have been mastered over generations.
Lease Term: Seven (7) Years
OVERVIEW OF TENANT
The property is being sold subject to a lease summarised as follows:
Options: Four (4) further Five (5) year options
TENANCY DETAILS
514 Hampton Street
14 | 514–516 Hampton Street Hampton
| 15514–516 Hampton Street Hampton
516
Hampton Street The property is being sold subject to a lease summarised as follows: Tenant: Cool Ridings Pty Ltd Trading Name: Cycle Closet Current Rent: $61,800.00 net pa Lease Term: Five (5) Years Commencement Date: 22nd July 2019 Options: Three (3) further Five (5) year options Rent Reviews: Fixed annual increases of 3% Outgoings: Paid by tenant OVERVIEW OF TENANT: Cycle Closet was founded by an Australian Family of cyclists in 2015. We’ve got Head to Toe apparel for all riders in stores and online. Our unmatched range is selected by cyclists for cyclists. https://cyclecloset.com/
BUILDING FEATURES
514–516 Hampton Street Hampton16 |
Lot GO2 on Plan of Subdivision 806120X
- Floor to ceiling glass frontage
Volume: 12033 Folio: 089
516 Hampton Street
Lot GO1 on Plan of Subdivision 806120X
- High and exposed sprayed ceilings
TITLE PARTICULARS
The property is outlined on the Certificate of Title as follows:
- Secure basement car parking
PROPERTY PARTICULARS
Parking: Three (3) secure car spaces
514 Hampton Street
ZONING
Under the Bayside City Council Planning Scheme the land is zoned Commercial 1 – C1Z
Building Area: 199 sqm*
Parking: Two (2) secure car spaces
Building Area: 150 sqm*
- Each tenancy has internal access to male/female and disabled toilets.
Volume: 12033 Folio: 090
514–516 Hampton Street Hampton18 |
Located 14 kilometres south-east of Melbourne’s CBD, sits this wonderful bayside suburb wedged between the affluent suburbs of Brighton and Sandringham.
Some nearby businesses and infrastructure include:
HAMPTON - 3188
Hampton Primary School St Mary’s StHaileyburyPrimaryCollegeLeonardsCollege
*source realestate.com.au September 2022
Hampton
On one of Port Phillip’s loveliest beaches, Hampton is a popular launchpad for kiteboarders and windsurfers. Local families flock to the sand in warmer months as hundreds of children sign on for the lifesaving club’s Nippers program. Dog owners get the run of the sand too, south of Ferdinando Gardens and along Picnic Point to Hampton Pier.
Hampton Railway Station Bus (708, 922)
Inland, stretching on either side of the train station – a 25-minute commute to the city via the Sandringham line – bustling Hampton Street marries village charm with a lively cafe, restaurant and boutique shopping scene. Thomas Street Playground, with its stunning timber castle centrepiece, draws visitors from all over Melbourne.
MedianTrevorThomasCastlefieldBeachReserveStreetReserveBarkerOvalWoolworthsThirstyCamelColdRockBodyFitHamptonAustraliaPostHamptonMarketHousePrice $2,530,000
514–516 Hampton Street Hampton20 | 514 HAMPTON STREET, HAMPTON
514–516 Hampton Street Hampton | 21 516 HAMPTON STREET, HAMPTON
514 HAMPTON ST, HAMPTON 22 | 514–516 Hampton Street Hampton
516 HAMPTON ST, HAMPTON 24 | 514–516 Hampton Street Hampton
TERMS OF SALE
METHOD OF SALE
For Sale by Public Auction’s on Wednesday 12th October 2022 starting at 12pm on-site SALE METHOD INSPECTIONS Strictly by private appointment with the exclusive selling agents CONTRACT OF SALE & VENDORS STATEMENT Available upon request StreetHAMPTON HAMPTON 514 + 516 EXCLUSIVE SELLING AGENTS George Takis gtakis@teskacarson.com.au0403Director259559 Jeremy Gruzewski Executive Director 0422 211 jeremy@astoncommercial.com.au021 Liam Rafferty Associate Director 0421 886 liam@astoncommercial.com.au655
10% deposit with the balance payable in 60 days
DISCLAIMER
*Approximate
“Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Teska Carson or Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Teska Carson or Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Teska Carson or Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom.