6 Spring Square, Hallam, VIC 3803

Retail | Offices | Development/Land

Sold

  • Property ID: 444902
  • Floor Area: 173m²
  • Land Area: 186m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 20/06/2024 173m2 186m2 Contact Agent
Dual Tenanted Retail Investment within Coles Anchored Shopping Centre

RWC Oakleigh is pleased to present to the market 6 Spring Square, Hallam which is being offered via a public on-site & online Auction scheduled for Thursday 20th June 2024 at 11:00 am.

Spring Square Shopping Centre itself is anchored by Coles Supermarket and is accessible via the Monash Freeway (M1), Princes Highway & the South Gippsland Freeway. Businesses here include Liquorland, Australia Post, Pharmacy, Dentists, Lawyers, Real Estate Agencies, Restaurants, Salons, Bakeries, Fish n Chips & a Newsagency along with many other specialty stores & food outlets. Bunnings Warehouse can be found trading 1km* down the road with Hallam Secondary College 500m* away.

The property benefits from having two separate tenants with two separate leases in place with one being a well known real estate agency and the other being an accountant / bookkeeper on the first floor.

Property Attributes:

• Total land area | 186m2*
• Total building area over two levels | 173m2*
• Combined rental | $68,400 p/a + GST
• Both lease terms: 3 + 3 + 3 Years
• Tenants pay all applicable outgoings
• Fixed 4% annual increases
• Anchored by Coles Supermarket and complimented with an abundance of public car parking
• Easy access to major arterials including the Monash Freeway (M1) & Princes Highway
• Rear access via ROW
• Commercial 1 Zone (C1Z)

For further information please contact one of the exclusive marketing agents below:

Theo Karkanis | 0431 391 035
Anthony Anastopoulos | 0488 095 057

* All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Hallam Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $514 ---
Industrial $6044 --- ---
Offices $2963 $361 12.18%
This is the average advertised price, rent and yield for Hallam, VIC 3803*

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

Days on Market data for Retail 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:

  • 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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