StreetVictoriaWINDSOR24 FOR PRIVATE SALE
The history from a bygone era brilliantly blended with the 21st century.
Comprehensive Architectural renovation in 2009.
Contents 06 Introduction 08 Executive Summary 12 Building Features 14 Tenancy Details 20 Property Particulars 22 Location 27 Windsor Precinct 30 Sale Method StreetVictoria24 24 Victoria Street Windsor | 5
Please contact one of the exclusive selling agents to secure your private inspection.
Aston Commercial in conjunction with Quinn Reynolds Property are pleased to offer 24 Victoria Street, Windsor for Private Sale.
The property is located just off Chapel Street near the corner of High Street in an extremely tightly held pocket. Surrounded by some of the best F&B establishments in an eclectic and trendy hub only five kilometres south-east of the Melbourne CBD.
The property currently enjoys a solid income stream from two high quality commercial tenants. The residential component is offered with vacant possession.
As exclusive selling agents, we highly recommend this remarkable asset for your serious consideration.
This once in a generation opportunity comprises a fully renovated 1883 former Salvation Army Citadel. Split into three separate properties, two are leased as commercial offices with the third being a multi-level residence.
INTRODUCTION
6 | 24 Victoria Street Windsor
One Building. Two Tenants. Three Titles. Endless Possibilities.
TERMS OF SALE 10% deposit with settlement 90-120 days ZONING Activity Centre Zoning (ACZ1) BUILDING AREA 24A 287 sqm* 2 level office 24B 2/3 Bedroom 4 level town home 24C 238 sqm* 2 level office 24A, 24B & 24C Victoria Street, Windsor Stunning contemporary conversion of 1883 Salvation Army Citadel. Located only metres from Chapel Street near the corner of High Street in Windsor. METHOD OF SALE Private Sale *approx. LEASE DETAILS Total potential income of $257,000 per annum LAND AREA 436 sqm* Rodney King rodney@astoncommercial.com.au0422Director839870 Marcus Quinn marcus@qrproperty.com.au0439Director328080 Jeremy Gruzewski Executive Director - Head of Agency 0422 211 jeremy@astoncommercial.com.au021 Linc Reynolds linc@qrproperty.com.au0457Director930093 Executive Summary StreetVictoria24 8 | 24 Victoria Street Windsor
Bluestone paved courtyards
Waxed solid plaster walls
Separate ducted reverse cycle air-conditioning
Travertine bathroom and kitchen tops
BUILDING FEATURES
The floors in 24A and 24C are burnished heated slabs
NO EXPENSE WAS SPARED AND EVERY DETAIL WELL-EXECUTED DURING THE ARCHITECTURAL RENOVATION COMPLETED IN 2009.
Marble reception counter in 24C
Original timber roof trusses
Romeo Moon designer lights by Philippe Starck
The property includes a car stacker
Spotted gum panelling
The building was designed by the renowned architect Ian Perkins
Solid steel stairs with bluestone treads
12 | 24 Victoria Street Windsor
Paid by tenant
The MYSALE Group PLC is listed on the London Stock Exchange and is the master owner, though OZSALE is listed as an Australian Company and the group’s head office is in Sydney, NSW. The Group operates 12 ecommerce sites that cater to customers in Australia, New Zealand, Singapore, and Malaysia.
OZSALE PTY LTD
MYSALE Group owns a series of websites that are powered by its proprietary sales marketplace tech. Connecting buyers and sellers from across the globe, it has the enviable position of being Australia and New Zealand’s global fashion sales marketplace. Launching in 2006, the Group has over 15 years of online retail experience and marketplace expertise. The Group’s continued expansion throughout South-East Asia is underpinned its mission to always put the customer first.
Tenant Business Name
14 | 24 Victoria Street Windsor
This ultra contemporary space is at the front of the property and features a first class design and fit-out. The space is ideally split over two levels with first class office accommodation including dual boardrooms, side courtyard, central heating & cooling, polished concrete sub floor heating, bathrooms including shower facilities and functional kitchen space.
24A Victoria Street, Windsor is being sold subject to a lease summarised as follows:
Tenancy Details
Lease Expires
Term 4 years with no options
www.ozsale.com.au
Rent 15/11/22 – 14/11/23 $105,000 pa plus GST 15/11/23 – 14/11/24 $125,000 pa plus GST 15/11/24 – 14/11/25 $130,000 pa plus GST
14 November 2025
Outgoings
3 2 Outdoor Terraces Heating/Cooling
The property could be leased for circa $1,000 per week.
The property consists of a four level ultra-modern town home built into the side of a church. A security entrance leads upstairs to 2 generous double bedrooms with carpet, split systems and serviced by 2 ensuite bathrooms, plus laundry/powder room. On the third level is a massive open plan living/dining/kitchen with built in couches, polished boards, north facing balcony, split system heating/cooling, fabulous timber feature wall and funky kitchen. On the top floor is the study/third bedroom with large balcony, split system and floor to ceiling windows looking out to rooftop views north and south. Includes quality fixtures and fittings.
16 | 24 Victoria Street Windsor
24B Victoria Street, Windsor is being sold with vacant possession.
BUILDING Details
The Collective Org is a forward thinking Marketing Company with hands-on service specializing in representing a variety of tier one clients throughout Australia and New Zealand.
18 | 24 Victoria Street Windsor
Current Rent $100,000 pa plus GST (fixed)
Lease Expires 28 March 2026
The core of what we do lies within our people who represent the brands we partner with. We’ve built a fantastic culture and have been able to attract some incredible talent that’s enabled us to grow to where we are now.
24C Victoria Street, Windsor is being sold subject to a lease summarised as follows:
Outgoings Paid by tenant
Tenant Business Name BOSS LOCATIONS PTY LTD trading as The Collective Org
Term 5 years commencing 29 March 2021
Our ethos of continuous learning and development has allowed brands to partner with us, confidently knowing that our team is representing them with the highest level of professionalism. www.thecollectiveorg.com.au
Ultra contemporary architect designed office over 2 levels. With large boardroom, marble reception counter, ducted heating/cooling plus sub floor heating in the polished concrete. Bathroom with shower plus kitchen.
Tenancy Details
Prahran
24C Volume 11823 Folio 322 Lot 3 on plan of subdivision 735125F
ZONING
Windsor
24A Volume 11823 Folio 320 Lot 1 on plan of subdivision 735125F
SUBURB PROFILE
Median House Price $1,800,000 Median Unit Price $575,000
South
Activity Centre Zone (ACZ1) under the city of Stonnington Planning Scheme
Yarra Median House Price $2,270,000 Median Unit Price $615,000 20 | 24 Victoria Street Windsor
Total Land Area: 436.41 sqm*
Based on five years of sales, Windsor has seen a compound growth rate of 15.4% for houses and 6.2% for units. Source: realestate.com.au
24B Volume 11823 Folio 321 Lot 2 on plan of subdivision 735125F
Depth 23.8 metres*
*approx.
TITLE PARTICULARS
COMBINED LAND DIMENSIONS AND AREA
Victoria Street Frontage 18.2 metres*
Property Particulars
Median House Price $1,630,000 Median Unit Price $600,000
Windsor is also well complemented by its incredible network of public transport options, which are essential to the liveability of the precinct. Windsor and Prahran Train Stations are less than 500 metres away, providing easy access to the incredible restaurant scene, while the no. 78 tram patrols famous Chapel Street dropping patrons at the doorways of the iconic retail strip and the No. 6 tram running along High Street.
‘Young, fresh and vibrant’ describe Windsor’s residents perfectly. This is reflected by the break-up included below showing many falling into the independent youth category. The cornerstone of hospitality industry in Windsor is reliant on this lifestyle, as they choose to dine-in less and dine-out more.
However, Windsor’s time is now. Located only 5km from the Melbourne CBD, Windsor impresses with its cheerful mix of designer boutiques, gastro pubs, breakfast hotspots, Op shops, retro stores and some of the finest selection of Asian Food in the Inner East.
Windsor has long been overshadowed by its more flamboyant neighbours, Prahran and South Yarra.
LOCATION IndependenceOlder 10.1% Maturing + IndependenceEstablished 25.1% IndependentYouth 34.2% Source: realestate.com.au 22 | 24 Victoria Street Windsor
While the majority mix of its residents are youthful there is still a sense of affluence around Windsor. This is supported by boasting a median house price of over $1,600,000 which is largely due to its close proximity to the Melbourne CBD, ease of travel to both the Eastern and South Eastern Suburbs and limited opportunities to break into Stonnington’s smallest suburb.
Princes Highway/Queens Way CHAPEL STREET StreetVictoria24 PORTBAYPHILLIP WINDSORSTATION BETTYS BURGERS THE UNION HOTEL ST KILDA TUSK CAFE LA LA LAND PIDAPIPO GRILL’DFONDA
VICTORIASTREET HIGHSTREET
MORRISGELATOJONESMESSINABORSCH VODKA & TEARSLUCKY COQ
GRILL’D
Chapel Street boasts the restaurant elitists from Hawker Hall to Hanoi Hannah. However, take yourself down a surrounding side street and you’ll be welcomed by lavish first-floor cocktail bars and hidden food outlets.
Chapel Street is known for its lively hospitality scene. From the cool, trendy and delicious restaurants and bars to the amazing morning coffee culture. Windsor has it all.
Here are some of the best that Windsor has to offer:
RESTAURANTS Hawker Hall BettysFonda Burgers Firebird Lucky Coq Tokyo HanoiMrHighlineTinaRestaurantMiyagiHannah CAFES Tusk YellowCafeBird Cafe MrJourneymanOppenGlacéMister BARS The Union Hotel The Wolf & I Tusk High Bar WindsorGalahJungleLoverChacho’sBoyCastle Hotel Mothers Milk BOUTIQUES Bromley & Co Messina & Pidapipo Alternating Current Art Space 24 Victoria Street Windsor | 27 PRECINCTWINDSOR
StreetVictoria24 CONTRACT OF SALE & VENDORS STATEMENT Available upon request INSPECTIONS Strictly by private appointment with the exclusive selling agents SALE METHOD TERMS OF SALE 10% deposit with settlement 90-120 days METHOD OF SALE Private Sale Rodney King rodney@astoncommercial.com.au0422Director839870 Marcus Quinn marcus@qrproperty.com.au0439Director328080 Jeremy Gruzewski Executive Director - Head of Agency 0422 211 jeremy@astoncommercial.com.au021 Linc Reynolds linc@qrproperty.com.au0457Director930093 30 | 24 Victoria Street Windsor
“Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Quinn Reynolds Property or 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 Quinn Reynolds Property or 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. Quinn Reynolds Property or 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
DISCLAIMER
