587 Hampton Street, Hampton, Vic 3188

Positioned within one of Bayside Melbourne’s 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 Leonard’s 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.