26 Hampton RoadEssendon West VIC 3040
Property Details for 26 Hampton Rd, Essendon West
Last Listing description (December 2023)
Bank the Current Rental Income, and Plan a Future Development
Jason Commercial is pleased to offer for sale to the public market: 26 Hampton Road, Essendon West.
A rare opportunity to secure an excellent retail/dwelling investment in a prominent, and affordable local retail strip. This asset presents a great opportunity to the savvy investor; to bank the existing rental income and value add in the future with development (STCA).
KEY FEATURES INCLUDE:
* Building area: 190 m2 (approx)
* Rear laneway access
* Commercial 1 zone
LEASE DETAILS:
* Net rental: $27,552 p/a
* 100% of all outgoings paid by tenant
* 2 Year lease commencing 1st January 2023
* 2 further options of 2 years each to renew
* Annual rent increases at 4% fixed and Lease options at Market Value
Please note: all prices quoted are GST exclusive.
All enquiries must include full first name & surname, mobile number and email address.
For further information regarding this property, please contact below agent/s
Leo Kikyris
0408 365 860
leo@jason***
Joseph Sassine
0419 332 839
joseph@jason***
Property History for 26 Hampton Rd, Essendon West, VIC 3040
- 14 Jul 2023Listed for Sale $850,000
- 03 Feb 2023Listed for Sale Contact Agent
- 07 Jun 2011Listed for Sale 379,000
Recent sales nearby
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About Essendon West 3040
The size of Essendon West is approximately 1.0 square kilometres. It has 9 parks covering nearly 29.4% of total area. The population of Essendon West in 2016 was 1439 people. By 2021 the population was 1559 showing a population growth of 8.3% in the area during that time. The predominant age group in Essendon West is 50-59 years. Households in Essendon West are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Essendon West work in a professional occupation.In 2021, 71.60% of the homes in Essendon West were owner-occupied compared with 70.70% in 2016.
Essendon West has 802 properties. Over the last 5 years, Houses in Essendon West have seen a 14.13% increase in median value, while Units have seen a 19.85% increase. As at 30 April 2026:
- The median value for Houses in Essendon West is $1,413,351 while the median value for Units is $847,433.
- Houses have a median rent of $775 while Units have a median rent of $700.
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