2/151-159 Princes HighwayHallam VIC 3803
Property Details for 2/151-159 Princes Hwy, Hallam
Last Listing description (August 2014)
A rare opportunity to secure a quality main road investment property currently leased to Xanadu Play Centre on a ten (10) year lease expiring July 2021 plus a five (5) year further term.
The property which has been occupied by the existing tenant since July 2006 is currently returning $105,975.00 net rental per annum + outgoings & GST.
Features include 1000m2 (approx) of high clearance warehouse with both front glass tilt access and side roller door access along with ample on site common parking.
The subject property is located at the front of a highly sought after estate with no existing lease vacancy, offering exceptional main road frontage to the six lane Princes Highway and is only approximately 300 metres from the South Gippsland Highway which adjoins itself to the Monash Freeway.
A great opportunity to invest with confidence and set and forget;
10 year lease expiring July 2021 + 5 year further term
$105,975.00 net rental + outgoings & GST
Existing long term tenant since 2006
Depreciation benefits apply
Property History for 2/151-159 Princes Hwy, Hallam, VIC 3803
- 29 Mar 2025Transferred
- 25 Jul 2014Sold for $1,500,000
- 09 May 2014Listed for Sale Not Disclosed
Recent sales nearby
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About Hallam 3803
The size of Hallam is approximately 8.3 square kilometres. It has 30 parks covering nearly 6.4% of total area. The population of Hallam in 2016 was 10852 people. By 2021 the population was 11355 showing a population growth of 4.6% in the area during that time. The predominant age group in Hallam is 20-29 years. Households in Hallam are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hallam work in a trades occupation.In 2021, 70.50% of the homes in Hallam were owner-occupied compared with 71.60% in 2016.
Hallam has 5,963 properties. Over the last 5 years, Houses in Hallam have seen a 23.79% increase in median value, while Units have seen a 39.31% increase. As at 30 April 2026:
- The median value for Houses in Hallam is $829,113 while the median value for Units is $623,333.
- Houses have a median rent of $560 while Units have a median rent of $518.
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