125 Charman Road, Beaumaris by ASTON

For Sale By Public Auction on Friday 12th August 2022 at 1PM on-site

CONTENTS EXECUTIVE SUMMARY

LOCATION 12 PROPERTY PARTICULARS

TENANCY DETAILS

MARKET SALES ACTIVITY

SALE METHOD

INTRODUCTION Aston Commercial is pleased to offer 125 Charman Road, Beaumaris for sale by Auction on Friday the 12th of August at 1pm on-site Situated on the corner of Charman Road and Rossmith Avenue, lies a prominent future development site currently leased to specialist children’s educator ‘Kids Like Us’. With a current Five year lease ending in 2025, there is the opportunity to renegotiate and hold for investors or look to capitalise on the underlying land value and repurpose the site. Beaumaris has quickly emerged as one of bayside’s most popular suburbs due to family friendly environment, boutique shopping strips, leading schools, beautiful beaches and surrounding parklands. With a median house price of $2,200,000 this investment paves the way for a number of promising opportunities for developers to repurpose the site whilst receiving income throughout a planning process. This is a fantastic property to consider as your next purchase and we highly recommend for your serious consideration.

EXECUTIVE SUMMARY

Substantial corner freehold with over 65 metres of frontage to Charman Road, and Rossmith Avenue. A great investment today with exciting upside in the prominent and popular bayside suburb.

LAND AREA

LEASE DETAILS

870 sqm*

Currently leased to ‘Kids Like Us’ on a 5-year lease returning $70,344 p.a.

BUILDING AREA

ZONING

200 sqm*

Neighbourhood Residential Zone Schedule 3 (NRZ3)

METHOD OF SALE

TERMS OF SALE

For Sale By Public Auction on Friday 12th August 2022 at 1pm on-site

10% deposit with balance in 30-90 days

*approx.

EXCLUSIVE SELLING AGENTS

Sebastian Origlia

Liam Rafferty

Agency Executive 0428 056 294 sebastian@astoncommercial.com.au

Associate Director 0421 886 655 liam@astoncommercial.com.au

The Mentone Centre

MEDIAN HOUSE PRICE $2,200,000 *REA JULY 2022

Mentone Train Station

LOCATION The suburb of Beaumaris is located 20kms South-East of Melbourne on the Port Phillip Bay Peninsula between Black Rock and Mentone. This extremely popular bayside suburb is subject to a variety of features such as Mentone Station, Beaumaris Beach, Mentone Girls’ School and much more. Charman Road in particular crosses the Nepean Highway and Balcombe Road acting as a throughfare to Beaumaris Beach. Along the mainly residential road, few commercial strips are offered where a variety of businesses operate. Beaumaris has a strong transport system with the Frankston Line passing through the Cheltenham and Mentone Station both just 1 km away. Local bus routes which stretch throughout the suburb can take you to all corners of bayside and beyond. Beaumaris has established solid infrastructure and community through schools, beaches, transport and shopping precincts which have driven the average median house price to $2,200,000.

Shopping

Education

• Nepean Highway • Balcombe Road • Station Road

• Mentone Girls’ Secondary College • Beaumaris Primary School • Beaumaris Secondary College

Transport

Food & Drink

• Cheltenham Station • Mentone Station • Bus Routes 923, 811, 812 and 825

• 16Bean Espresso Bar • Creative Galleries • Gin Dispensary

M enton e G i r l s ’ S ec ondary

P o rt P h i l l i p Bay

B e au m a r i s B e ach

C o m m erc i a l A R EA C o m m e rc i a l AREA

KEY REASONS TO BUY

INCOME OF $70,334 P.A. TO SPECIALIST TENANT

STRONG RESIDENTIAL DEVELOPMENT UPSIDE (STPA)

JUST 800 METRES TO BEACH AND PROMINENT PRIVATE SCHOOLS

LOCAL MEDIAN HOUSE PRICE OF $2,200,000*

SUBURB PROPERTY VALUE HAS INCREASED 19.9% OVER THE PAST 12 MONTHS

COMBINED STREET FRONTAGE OF OVER 65 METRES

CB D

C h e lt e n h a m T r a i n Stat i o n

PROPERTY PARTICULARS TITLE PARTICULARS Certificate of Title Volume 04360 Folio 864 Lot 8 on Plan of Subdivision 007932

LAND DIMENSIONS & AREA Charman Road Frontage

18.89 metres*

Rossmith Avenue Frontage

46.03 metres*

Western Boundary

18.89 metres*

Southern Boundary

46.25 metres*

Total Land Area

870 square metres*

SUBURB PROFILE BUY • Median House Price

$2,200,000*

• Median Unit Price

$1,242,500*

RENT • Median House Price

$925 per week*

• Median Unit Price

$522 per week* *realestate.com.au - July 2022

ZONING Under the Bayside City Council Planning Scheme the land is zoned NRZ - Neighbourhood Residential Zone Schedule 3

BUILDING PARTICULARS The building, once a residential property now converted to medical, presents as a single storey brick building with a front garden and rear asphalt carpark accommodating up to 10 vehicles. The internals of the property present as reception room with 5 consulting rooms, 2 toilets and a lunch room. *approx

FLOOR PLAN

The above plan is an artist’s impression only, it includes elements that are for display purposes only and may not be to scale. Landscaping shown is indicative only. Dimensions are approximate.

SITE PLAN (NOT TO SCALE) The above plan is an artist’s impression only, it includes elements that are for display purposes only and may not be to scale. Landscaping shown is indicative only. Dimensions are approximate.

TENANCY DETAILS The property is being sold subject to a lease summarised as follows: Tenant Business Name: Kids Like Us

Current Rent: Five (5) years commencement 20th Feb 2020

Option: Nil

Rent Reviews: Fixed 3% annual increases

Outgoings: Paid by tenant

Overview Of Tenant Kids Like Us is an education centre for twice exceptional (2e) children to enable young people to have a voice. We work hard with young people, parents, members of staff and the legal system (when required) to ensure that 2e young people are able to make themselves heard and, just as importantly, that they are listened to. We provide support for their parents and professionals with parental, learning, and daily living strategies, contacts, advocacy, and products which may assist 2e people to succeed and become the great adults they have the potential to be.

More info. https://kidslikeus.org.au/

“

KIDS LIKE US IS A NOT FOR PROFIT ESTABLISHED IN 2012. IT IS A BUSY COMMUNITY SERVICE ORGANISATION WHICH SUPPORTS VULNERABLE AND AT RISK YOUNG PEOPLE AND THEIR FAMILIES WHO LIVE WITH A NEURODIVERSITY AND/OR LEARNING DIFFERENCE

”

MARKET SALES ACTIVITY COMPARABLE SALES

428 Balcombe Road, Beaumaris Date Sold :

09/03/2022

Sale Price :

2,130,000

Land Area :

872 sqm*

Price/SQM of Land :

$2,443

306 Balcombe Road, Beaumaris Date Sold : 29/11/2021 Sale Price : $1,700,000 Land Area :

714 sqm*

Price/SQM of Land : $2,381

*approx.

68 Reserve Road, Beaumaris Date Sold : 08/03/2022 Sale Price : $2,350,000 Land Area :

831 sqm*

Price/SQM of Land : $2,827

26 Tibbles Street, Beaumaris Date Sold : 02/03/2022 Sale Price : $1,780,000 Land Area :

779 sqm*

Price/SQM of Land : $2,285

SALE METHOD

METHOD OF SALE

TERMS OF SALE

For Sale By Public Auction on Friday 12th August 2022 at 1pm on-site

10% deposit with the balance in 30-90 days from the date of sale

INSPECTIONS

CONTRACT OF SALE & VENDORS STATEMENT

Strictly by private appointment with the exclusive selling agents

Available upon request

EXCLUSIVE SELLING AGENTS

Sebastian Origlia

Liam Rafferty

Agency Executive 0428 056 294 sebastian@astoncommercial.com.au

Associate Director 0421 886 655 liam@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