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BAYSIDE BITE SIZE INVESTMENTS
PRIVATE SALE
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CONTENTS INTRODUCTION
/ 04
EXECUTIVE SUMMARY
/ 07
TENANCY SCHEDULE
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PROPERTY 1
/ 10
PROPERTY 2
/ 14
PROPERTY 3
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PROPERTY 4
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SALE METHOD
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LOT 5, 1-9 BALCOMBE RD, MENTONE
INTRODUCTION
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SHOP 3, 15 WELLINGTON ST, ST KILDA
SUITE 15S, 349–351 BLUFF RD, HAMPTON These properties are being offered either individually or together and we welcome offers in all formats. All of these bite sized strata investments are strategically located within mixed use developments across premium Melbourne bayside suburbs.
A great opportunity presents for those looking to begin a Commercial portfolio, add and strengthen their existing or potentially even have a longer-term view to occupy. Aston Commercial strongly recommend these investments for your serious consideration.
90 NEPEAN HWY, MENTONE
ASTON COMMERCIAL ARE PLEASED TO OFFER FOUR AFFORDABLE BAYSIDE INVESTMENTS VIA EXCLUSIVE PRIVATE SALE.
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EXECUTIVE SUMMARY LOCATION: Mentone, Hampton & St Kilda
DESCRIPTION: Four fully leased strata investments suiting entry level investors
m2
BUILDING AREA: 30m2* – 134m2*
METHOD OF SALE: For immediate Private Sale
TERMS OF SALE: 10% deposit with settlement in 60–90 days *approx
EXCLUSIVE SELLING AGENTS LIAM RAFFERTY
JEREMY GRUZEWSKI
Senior Sales Executive
Director of Agency
0421 886 655
0422 211 021
liam@astoncommercial.com.au
jeremy@astoncommercial.com.au
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TENANCY SCHEDULE
Below is a snapshot of each of the leases available across the portfolio.
PROPERTY
SHOP 3, 15 WELLINGTON ST, ST KILDA
SUITE 15S, 349–351 BLUFF RD, HAMPTON
LOT 5, 1–9 BALCOMBE RD, MENTONE
90 NEPEAN HWY, MENTONE
Trading As
Wood Property
Office
Archie Pasco Cafe
Massage Shop
Rental
$36,734
$26,400
$15,522
$26,522
Initial Term
5 Years
4 Years
5 Years
5 Years
Options
2 x 5 Years
1 x 4 Years
2 x 5 Years
1 x 2 Years
Lease Commencement
01/07/2017
01/08/2019
01/03/2016
01/07/2019
Lease Expiry
30/06/2022
31/07/2023
28/02/2021
30/06/2024
Annual Increases
CPI
4%
3.5%
3%
AFFORDABLE: Entry level opportunities suiting sub $750,000 buyers
Combined income of $105,178 PA*
OUTGOINGS:
MARKET REVIEW:
Paid by tenants
To market at exercise of each option
LAND TAX: Minimal Land Tax costs
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INCOME:
“ This portfolio of investments is offered either individually, in parcels or as a whole and offers in all formats are encouraged”.
SHOP 3, 15 WELLINGTON ST, ST KILDA
SUITE 15S, 349–351 BLUFF RD, HAMPTON
LOT 5, 1–9 BALCOMBE RD, MENTONE
90 NEPEAN HWY, MENTONE
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PROPERT Y #1 SHOP 3, 15 WELLINGTON STREET, ST KILDA
LOCATION Wellington Street offers firstclass fast and easy connectivity to the Melbourne CBD, St Kilda Road, St Kilda Beach, the Eastern suburbs, Melbourne Airport and the Bellarine and Mornington Peninsulas. St Kilda Road is one of Melbourne’s major arterial thoroughfares and lining this tree-lined boulevard are many of Melbourne’s most substantial office buildings and prestigious residential towers.
Connection to and from the Melbourne CBD is direct, easy and convenient. A short ten-minute drive south of the Melbourne CBD and you will find yourself in St Kilda, a pocket of Melbourne characterised by a diverse mix of business, trendy, bohemian and vibrant day-time activity and bustling nightlife. It is an ideal location to live, work and play. St Kilda is Melbourne’s famous bayside suburb widely
regarded as one of Melbourne’s most eclectic and thriving metropolitan hubs, it caters to all niches of Melbourne’s booming population. St Kilda has seen a transformation over the last decade brought about by increasing gentrification, along with infrastructure and housing improvements driving up rents and house prices across St Kilda and neighbouring suburbs.
PROPERTY DETAILS
TENANCY DETAILS
Building Area: Parking: Zoning: Council: Legal Description:
Current Rental: Lease Term: Lease Start Date: Further Options: Annual Increases: Security Deposit:
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134m2* 2 secure car spaces MUZ - Mixed Use Zone City of Port Phillip Lot 3 on Plan of Subdivision 345839P
$36,734 PA Five (5) years 1st July 2017 Two further (5) year terms CPI Equal to 3 months rental + GST
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ALBERT PARK
ST KILDA ROAD
DANDENONG ROAD
WELLINGTON STREET
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SHOP 3, 15 WELLINGTON ST, ST KILDA
CAR SPACE
Not in ( Position )
PUNT ROAD
2.5m x 3.5m
CAR SPACE
Not in ( Position )
3.5m x 3.5m A/C
A/C 9.0m x 9.6m
Entry
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PROPERT Y #2 A/C
SUITE 15S, 349 – 351 BLUFF ROAD, HAMPTON
CAR SPACE
( PNosoittioinn )
LOCATION Located on the intersection of Bluff Road & Highett Road is this boutique mixed use complex consisting of a small number of residential apartments and 2 levels of office.
A/C
CAR SPACE
5.3m x 1 4.8
m
( PNosoittioinn )
This extremely well-presented corner office boasts great natural light from level 1. Easily accessible from nearby Nepean Hwy providing access in and out of the CBD and is only 5 minutes to the beach.
CAR SPACE
( PNosoittioinn ) UP
Entry
PROPERTY DETAILS
TENANCY DETAILS
Building Area: Parking: Zoning: Council: Legal Description:
Current Rental: Lease Term: Lease Start Date: Further Options: Annual Increases: Security Deposit:
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88m2* 3 secure car spaces C1Z - Commercial 1 Zone Bayside City Council Lot 19 on Plan of Subdivision 543701
$26,400 PA Four (4) years 1st August 2019 One further (4) year option 4% Equal to 3 months rent + GST
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PROPERT Y #3 LOT 5, 1 – 9 BALCOMBE ROAD, MENTONE LOCATION Situated on the major five ways intersection of Nepean Highway and Warrigal Road, this property is supremely located for maximum exposure to daily traffic. Benefitting from its position at the foot of the Archer Development consisting of 87 residential apartments this tenancy is the local coffee shop for several other surrounding residential complexes.
A/C
Joining other neighbours including KX Pilates, Johnny Boys Pizza, Liquor Clearance & Wot a Kebab.
3.5m x 9.7m
PROPERTY DETAILS
TENANCY DETAILS
Building Area: Parking: Zoning: Council: Legal Description:
Current Rental: Lease Term: Lease Start Date: Further Options: Annual Increases: Security Deposit:
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30m2* 1 secure car space MUZ - Mixed Use Zone Kingston City Council Lot 5 on Plan of Subdivision 728658H
$15,522 PA Five (5) years 1st March 2016 Two further (5) year options 3.5% Equal to 3 months rental + GST
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PROPERT Y #4 90 NEPEAN HIGHWAY, MENTONE
PWDR
CAR SPACE
Not in ( Position )
LOCATION This property benefits from major exposure to daily traffic of Nepean Highway and is set back in a service lane where there is substantial on-street parking for customers and staff. Adjacent to major Mentone home maker centre, consisting of national operators including Bunnings, Supercheap Auto, Spotlight, Rebel Sport and Petbarn.
3.0m x 3.0m
3.0m x 2.2m 2.6m x 2.1m
A/
C
3.0m x 2.2m 2.0m x 4.5m
3.0m x 4.0m
2.0m x 4.3m 3.0m x 1.2m
Entry
PROPERTY DETAILS
TENANCY DETAILS
Building Area: Parking: Zoning: Council: Legal Description:
Current Rental: Lease Term: Lease Start Date: Further Options: Annual Increases: Security Deposit:
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90m2* 1 secure car space C1Z - Commercial 1 Zone Kingston City Council Lot 306 on Plan of Subdivision 716079
$26,522 PA Five (5) years 1st July 2019 One further (2) year option 3% Equal to 3 months rental + GST
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SALE METHOD :
METHOD OF SALE Immediate Private Sale TERMS OF SALE Upon signing a Contract of Sale, 10% of the purchase price as deposit and residual payable 60–90 days from the day of sale INSPECTIONS Strictly by appointment with the exclusive selling agents CONTRACT OF SALE & VENDORS STATEMENT Available on request EXCLUSIVE SELLING AGENTS Liam Rafferty / 0421 886 655 liam@astoncommercial.com.au Jeremy Gruzewski / 0422 211 021 jeremy@astoncommercial.com.au
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DISCLAIMER This document has been prepared by Aston Commercial Pty Ltd for advertising and general information only. Aston Commercial Pty Ltd do not guarantee, warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Aston Commercial Pty Ltd excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising therefrom. *Approximate