176 Hall StreetSpotswood VIC 3015
Property Details for 176 Hall St, Spotswood
Last Listing description (March 2022)
POINT OF INTEREST:
Expressions Of Interest Now Closed. Offers Under Consideration.
A niche asset? This couldnt be further from it. This is a versatile inner west opportunity for investors & developers alike to secure a substantial land holding with major development potential and with excellent improvements & hardstand in Melbournes west. Situated 8 km* from the CBD, were in the heart of Spotswood and minutes away from the Westgate Freeway.
As a corner position and with 4,792 sqm* of Industrial 3 zoned land, the premises features multiple loading bays, and a combination open plan and partitioned offices across two levels and warehouse areas at its rear. Currently leased to Melbright Coaches until 30th December 2023 with 5 year option. this investment brings in close to $127,574 per annum. However, if youre interested in developing the asset there is a 12-month early termination clause in the 5 further term.
- A substantial commercial development opportunity.
- 1,256 sqm* building area.
- 4,792 sqm* land area.
- Industrial 3 zoning.
- Ample car spaces onsite.
- Currently leased to Melbright Coaches Pty Ltd.
- Current income: $127,574 per annum net
- 5-year lease agreement expiring 30th December 2023.
- Additional 5-year lease renewal option.
- 12-month early termination clause in the lease from the commencement of the 2nd term for occupiers / developers to exercise where required.
POINT OF VIEW:
If you have the vision, this property can deliver in many different ways. And if you prefer pick up, the neighboring Grazeland Food Truck Park's got you covered, as well as Two Birds Brewery and Hudsons Road wine bar just foot steps away.
*Approx.
Pricing excludes GST
Property History for 176 Hall St, Spotswood, VIC 3015
- 27 Jan 2026Sold for $10,000,000
- 29 Mar 2022Sold for $6,400,000
- 25 Feb 2022Listed for Sale Contact Agent
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0About Spotswood 3015
The size of Spotswood is approximately 3.0 square kilometres. It has 11 parks covering nearly 14.5% of total area. The population of Spotswood in 2016 was 2604 people. By 2021 the population was 2820 showing a population growth of 8.3% in the area during that time. The predominant age group in Spotswood is 30-39 years. Households in Spotswood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Spotswood work in a professional occupation.In 2021, 65.60% of the homes in Spotswood were owner-occupied compared with 66.00% in 2016.
Spotswood has 2,448 properties. Over the last 5 years, Houses in Spotswood have seen a -0.73% decrease in median value, while Units have seen a 12.31% increase. As at 30 April 2026:
- The median value for Houses in Spotswood is $1,089,915 while the median value for Units is $823,505.
- Houses have a median rent of $680 while Units have a median rent of $610.
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