626 Hampton Street 1,615 SF Retail Building Brighton, VIC 3186 $896,490 ($555.24/SF) 4.35% Cap Rate

This property presents a rare opportunity to acquire a secure retail investment in the heart of Brighton’s highly regarded Hampton Street shopping strip. The asset is anchored by a long-standing tenant, In A Pickle Deli, which has successfully operated from the premises for over two decades, reflecting the strength and stability of this location. The current lease runs until January 2029 with a further five-year option, providing consistent income supported by fixed annual rental increases of 4%.
Hampton Street is Bayside’s longest and most established retail corridor, offering a vibrant mix of specialty retailers, fresh food outlets, cafés, and lifestyle stores. The area benefits from strong local patronage, low vacancy rates, and proximity to affluent residential neighborhoods, ensuring sustained demand. The property also features rear laneway access for deliveries, convenient customer parking options, and Commercial 1 zoning, which allows for a range of future uses.
With a current net rental of $56,574 per annum and the tenant responsible for all outgoings (excluding land tax), this investment offers both immediate income security and significant long-term upside. Additionally, the site provides excellent redevelopment potential (STCA), as demonstrated by recent projects in the immediate vicinity.