Sold
Quality Office/Warehouse with 5T Cranes, 360amps Power & Yard
21-23 Apollo Drive, Hallam VIC 3803
Last Asking Price - $3,700,000
IndustrialSize: n/a
Block size: 2604 m² approx.
Colliers is delighted to bring to market for sale 21-23 Apollo Drive, Hallam. A high-quality office/warehouse that is bursting with additional features perfect for occupiers in the manufacturing industry.
21-23 Apollo Drive, Hallam is offered for sale via Private Sale.
The property is leased until the 25th of October 2025 with no further renewal options. This allows buyers the opportunity to collect over 12 months of rental income and occupy the facility upon lease expiry. Conversely, an astute investor can re-lease the property at the expiry date for a significantly increased rent in line with market values. The passing net rent is $148,121* per annum which is 17% below today's assessed market rental value of $177,800 per annum. The Lessee pays for all standard outgoings under a Commercial Lease, including Land Tax.
Key Property Highlights:
• Total Site Area: 2,604m²*
• Total Building Area: 1,270m²*
• Warehouse Area: 1,160m²*
• Office Area: 110m²*
• Two x 5 tonne overhead cranes
• 360amps & 3 phase power supply
• Well presented single level offices and reception
• Two on-grade roller shutter doors
• Side and rear hardstand
• Site is securely fenced with electric sliding gates
• 29 on-site car spaces
The property is in proximity to both Hallam South Road and South Gippsland Freeway which provide toll free access to the Monash Freeway.
For more information or to arrange an inspection, please contact the Colliers sales agents.
*Approximate
**Outline indicative only
21-23 Apollo Drive, Hallam is offered for sale via Private Sale.
The property is leased until the 25th of October 2025 with no further renewal options. This allows buyers the opportunity to collect over 12 months of rental income and occupy the facility upon lease expiry. Conversely, an astute investor can re-lease the property at the expiry date for a significantly increased rent in line with market values. The passing net rent is $148,121* per annum which is 17% below today's assessed market rental value of $177,800 per annum. The Lessee pays for all standard outgoings under a Commercial Lease, including Land Tax.
Key Property Highlights:
• Total Site Area: 2,604m²*
• Total Building Area: 1,270m²*
• Warehouse Area: 1,160m²*
• Office Area: 110m²*
• Two x 5 tonne overhead cranes
• 360amps & 3 phase power supply
• Well presented single level offices and reception
• Two on-grade roller shutter doors
• Side and rear hardstand
• Site is securely fenced with electric sliding gates
• 29 on-site car spaces
The property is in proximity to both Hallam South Road and South Gippsland Freeway which provide toll free access to the Monash Freeway.
For more information or to arrange an inspection, please contact the Colliers sales agents.
*Approximate
**Outline indicative only
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
Send an enquiry
Contact Sam Hibbins to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Industrial
Block Size:
2604 m²*
Other Details
Lot:
50
Plan:
LP212258
Legal description:
50\LP212258
Maps and area information
Block information
Block size: 2604m² (approx)
Legal description: 50\LP212258
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
05 Jul 2024
Sold
Colliers International | Melbourne East
Listed: 22/05/2024
Block size: 2604m²
Transfer type: Full transfer
Hallam suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
38 years
Population
11,355
Listing ID: 182542290. This listing has been viewed 0 times. It was first displayed on 22/05/2024 and last updated on 05/07/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.