587 Hampton StreetHampton VIC 3188
Property Details for 587 Hampton St, Hampton
Last Listing description (August 2026)
Positioned within one of Bayside Melbournes most tightly held commercial precincts, this securely leased property presents an outstanding opportunity for investors seeking long-term income backed by an established tenant.
Leased to Sweatmaster Health & Fitness, the property is secured by a five (5) year lease commencing 1 June 2024, with a further five (5) year option, providing strong tenancy security through to 31 May 2029 and beyond.
Returning $82,400 per annum plus GST and outgoings, the lease benefits from fixed 3% annual rental increases, delivering reliable income growth and investment certainty.
Occupying approximately 315sqm of internal building area* on a 410sqm landholding*, the property is currently configured as a fully operational fitness facility with flexible improvements suitable for a range of future commercial uses (STCA).
The property features a welcoming glass-fronted entry, expansive front and rear gym areas, office accommodation, storage areas, locker room amenities, separate bathroom facilities, two showers, rear roller door access, courtyard and rear laneway parking for three vehicles.
Property Highlights:
- Securely leased to Sweatmaster Health & Fitness
- Term: Five (5) years plus
one Further five (5) year option
- Returning $82,400 pa + GST + Outgoings
- 3% annual rental increases
- Lease expiry: 31 May 2029
- Approx. 315sqm* building area
- Approx. 410sqm* landholding
- Rear laneway access with parking for three vehicles
- Flexible commercial improvements with future upside (STCA)
- High-exposure Hampton Street position within affluent Bayside locale
Located at the upper end of Hampton Street with convenient access to South Road, the property is within walking distance of Hampton Village, Hampton Station and Hampton Beach, while also benefiting from proximity to leading schools including St Leonards College and Haileybury College.
*All sizes are approximate
*All figures are GST exclusive unless otherwise stated.
Please feel free to contact us to discuss your commercial property needs. Between us, we offer over 70 years of experience in the commercial and industrial property markets with intricate knowledge of Melbourne's south-east corridor.
Property History for 587 Hampton St, Hampton, VIC 3188
- 26 Aug 2026Sold
- 27 May 2026Listed for Sale Contact Agent
- 20 Jul 2023Listed for Sale Contact Agent
Recent sales nearby
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0About Hampton 3188
The size of Hampton is approximately 4.0 square kilometres. There are 16 parks, covering nearly 7.7% of the total area. The population of Hampton in 2016 was 13391 people. By 2021 the population was 13518 showing a population growth of 1.0% in the area during that time. The predominant age group in Hampton is 50-59 years. Households in Hampton are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hampton work in a professional occupation.In 2021, 75.20% of the homes in Hampton were owner-occupied compared with 72.60% in 2016.
Hampton has 7,470 properties. Over the last 5 years, Houses in Hampton have seen a -11.66% decrease in median value, while Units have seen a 4.82% increase. As at 31 July 2026:
- The median value for Houses in Hampton is $2,233,076 while the median value for Units is $963,137.
- Houses have a median rent of $1,300 while Units have a median rent of $775.
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