140 -146 GLEN EIRA ROAD E L S T E R N W I C K
F OR PRIVAT E SALE
140 -146 GLEN EIRA ROAD E L S T E R N W I C K
CONTENTS
04 INTRODUCTION 06 EXECUTIVE SUMMARY 10 LOCATION 14 PROPERTY PARTICULARS 17
FLOOR PLANS
20 BUILDING & TENANCY DETAILS 22 SALE METHOD
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INTRODUCTION
Aston Commercial are pleased to offer 140-146 Glen Eira Road, Elsternwick For Private Sale. This iconic corner freehold building has been trading for several decades as Solomon Kosher Butcher. The facility housed its retail sales and production arms until August 2021. In this time the local area has continued to go from strength to strength with a thriving local shopping village and nearby Ripponlea Railway Station ticking all the boxes for a future mixed-use project. The existing building also offers significant infrastructure for incoming occupiers with retail, office and loading facilities. We strongly recommend this property for your serious consideration.
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E X E C U T I V E S U M M A RY
140 -146 GLEN EIRA ROAD E L S T E R N W I C K
Positioned on the North Eastern corner of Glen Eira Road & Acacia Street abutting the flourishing Ripponlea Shopping Village and Ripponlea Mansion Estate. This dual level solid brick retail building includes an office, warehouse space and loading areas.
LEASE DETAILS
LAND AREA
Building offered with Vacant Possession. Lease in place for Telecommunications Mobile Phone Tower.
875 sqm*
BUILDING AREA
ZONING
1,200 sqm*
MUZ - Mixed Use Zone - Schedule 2
METHOD OF SALE
TERMS OF SALE
For Private Sale
10% deposit with settlement in 60-90 days *approx.
EXCLUSIVE SELLING AGENTS
6
Liam Rafferty
Fred Nucara
Jeremy Gruzewski
Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au
Director 0418 567 560 fred@astoncommercial.com.au
Director of Agency 0422 211 021 jeremy@astoncommercial.com.au
O C C U P Y O R D E V E LO P
P O S I T I O N I S E V E RY T H I N G .
RIPPONLEA SHOPPING VILLAGE Some popular local businesses forming part of the Ripponlea Shopping Village include: Attica Restaurant Ripponlea Food & Wine Bar Zelda Bakery Garage Wine Store Firebrand Bakery Victoria Fruit Palace The Local Grocer Spout Café
LO C AT I O N ELSTERNWICK Some nearby businesses and infrastructure includes:
Ripponlea Village – Glen Eira Rd Glen Huntly Road - Elsternwick Brighton Road – Elwood Glen Eira Road – Elsternwick
Elsternwick Primary School Caulfield Grammar Ripponlea Primary School Shelford Girls Grammar Sholem Aleichem College Star of the Sea College
Ripponlea Railway Station Tram – Route 67– Brighton Road Bus – Route 623 –Glen Eira Road
Ripponlea Estate Burnett Grey Gardens Greenmeadows Gardens Elsternwick Park
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E L S T E R N W I C K
3 1 8 5
Elsternwick is one Melbourne suburb that manages to tick all the boxes. Home to a lively café, dining and shopping precinct while still maintaining its village feel, Elsternwick lies only three kilometres away from the beach, is an easy ten-kilometre commute into the city, and even has its own cinema. The rich history of the area is imbued in its many historic buildings and period homes, while more recent developments and rejuvenation have brought Elsternwick into the current era. Surrounding Suburbs:
Ripponlea Balaclava
Caulfield North St Kilda East
MEDIAN HOUSE PRICE $2,550,000 Source: REA
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P R O P E R T Y PA R T I C U L A R S
TITLE PARTICULARS
ZONING
Certificate of Title Volume: 10488 Folio: 774 Land Description Plan of Consolidation 362313V
Under the Glen Eira City Council Planning Scheme the land is zoned (MUZ2) Mixed Use 2 – Schedule 2.
LAND DIMENSIONS AND AREA
Glen Eira Road Frontage
21.34 metres*
Acacia Street Frontage
40.94 metres*
Eastern Boundary
41.04 metres*
Western Boundary
21.34 metres*
Total Land Area:
875 sqm*
*approx.
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F LO O R P L A N S GROUND FLOOR
FIRST FLOOR
Full set of plans available upon request
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B U I L D I N G & T E N A N C Y D E TA I L S The land and buildings have been acquired and adapted over decades to house Solomon Kosher Butcher that is an "institution" in the local area and community. Expansion and changing times has seen the business relocate to a purpose built facility. Operating as a food manufacturing and retail facility there is significant infrastructure in place for a similar use or which can be cleared to provide a relatively open floor plate.
Existing Building Features include: • Retail shopfront with separate entrance and exit • Four crossovers with roller doors and garage spaces. • Commercial kitchen • Open plan warehousing • Four independent office spaces • Refrigerated chillers • Freezer rooms • Staff change rooms • Tea rooms • Male & Female Bathrooms
The building is being sold with vacant possession however there is a lease in place to Vodafone Network Pty Ltd for a telecommunications tower on the rear roof of the building.
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Current Rent
$22,687 per annum
Commencement Date
19th August 2015
Lease Term
20 years
Further Terms
Nil
Increases
3% annually
FUTURE USES This property offers itself to several future uses including;
MIXED USE DEVELOPMENT
WHOLESALE & MA
Opportunity to deliver a fantastic project
With its long history of m
capitalising on the prime corner location
building is already equip
and superb local amenity. A residential
numerous food operatio
pocket that has experienced significant
cool room infrastructur
growth and continued demand due to its
cooking areas. Highly ad
proximity to the beach, lifestyle attractions
also has a number of ke
and position to the city.
areas with 4 roller door Acacia Street.
ANUFACTURING
BULKY GOODS & RETAIL
manufacturing this
Offering great bones this property would
pped to accommodate
be extremely well-suited to buyers looking
ons with pre-existing
to relocate their business leveraging from
re, wet rooms and
the strong exposure and street presence
daptable the building
along with the ample loading facilities for
ey loading and storage
stock, deliveries and customer pick up.
access points from
SALE METHOD
140 -146 GLEN EIRA ROAD E L S T E R N W I C K
METHOD OF SALE
TERMS OF SALE
For Private Sale
10% deposit with settlement in 60-90 days
INSPECTIONS
CONTRACT OF SALE & VENDORS STATEMENT
Strictly by private appointment with the exclusive selling agents
Available upon request
EXCLUSIVE SELLING AGENTS
22
Liam Rafferty
Fred Nucara
Jeremy Gruzewski
Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au
Director 0418 567 560 fred@astoncommercial.com.au
Director of Agency 0422 211 021 jeremy@astoncommercial.com.au
DISCLAIMER “Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom. *Approximate
