37 Victoria StreetHastings VIC 3915
Property Details for 37 Victoria St, Hastings
Last Listing description (December 2022)
Burgess Rawson and Century 21 are pleased to offer to the market, Western Port Plaza, Hastings VIC for sale via Expressions of Interest.
The property has the following investment highlights:
+Near 100% occupied with majority healthcare and professional tenants including Pathology and H & R Block.
+Investor preferred net lease terms with tenants paying all usual outgoings.
+Favourable annual rent reviews assuring growth.
+Significant 1,253sqm* site with 41 metre frontage to Victoria Street and direct access to 250+ council car parks.
+Irreplaceable position directly opposite Coles Supermarket and nearby Woolworths, ALDI, K-Mart & Ritchie's IGA.
+Future subdivision and development upside (STCA).
+Surrounded by important social infrastructure, including 5 schools within 2km servicing a combined 1,053 full time students (GapMaps).
+Hastings: commercial capital of Western Port, only 58km from Melbourne CBD.
+Net Income: $208,326 pa* plus GST (Fully Let Basis)
For Sale by Expressions of Interest
Closing 3pm (AEDT), Thursday 27th October 2022
Property History for 37 Victoria St, Hastings, VIC 3915
- 28 Sep 2022Listed for Sale $3200000
- 25 May 2022Listed for Sale Price on Request
- 27 Jan 2022Listed for Sale Price on Request
Recent sales nearby
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About Hastings 3915
The size of Hastings is approximately 26.5 square kilometres. There are 23 parks, covering nearly 3.4% of the total area. The population of Hastings in 2016 was 9609 people. By 2021 the population was 10369 showing a population growth of 7.9% in the area during that time. The predominant age group in Hastings is 30-39 years. Households in Hastings are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hastings work in a trades occupation.In 2021, 64.90% of the homes in Hastings were owner-occupied compared with 58.30% in 2016.
Hastings has 6,475 properties. Over the last 5 years, Houses in Hastings have seen a 11.75% increase in median value, while Units have seen a 22.57% increase. As at 31 July 2026:
- The median value for Houses in Hastings is $719,898 while the median value for Units is $552,678.
- Houses have a median rent of $580 while Units have a median rent of $500.
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