CINEMAS
Aston Commercial are pleased to offer, for the first time in its history, the Croydon Cinemas for sale by Expressions of Interest closing Friday 28th October at 3pm.
This is a once in a lifetime opportunity to own your own cinema complex. Currently the property has four cinemas and a combined 848 seats with the ability to extend out and above to take advantage of the location and views.
The property enjoys a solid income stream with a sale on a walk in, walk out basis. This is a unique opportunity to own and operate your own cinema complex and take advantage of the existing infrastructure and liquor license with the potential to grow and expand in the future. Alternatively this would make an outstanding investment with the industry going through a revival.
The property is located at 3 Hewish Road, Croydon just off Main Street with a substantial adjoining council car park, opposite parklands and moments to the Croydon train station.
For further information about this opportunity contact the exclusive selling agents.
Croydon features an abundance of shopping facilities including the charming tree-lined shopping strip along Main Street, Croydon Central and Civic Square Shopping Centre
Commercial 1 Zone
For Sale by Expressions of Interest closing Friday 28th October at 3pm
EXECUTIVE SUMMARY EXCLUSIVE SELLING AGENTS 839
Croydon Cinemas, 4 cinemas with a combined 848 seats
deposit with flexible settlement up to 6 months
*approx.
Liam
An idea for a grouping of thirteen shops anchored by a cinema complex in Croydon originally took shape in 1976. The site in Hewish Road was chosen for the arcade and a cinema was built by The Dendy Group in 1977, with developers of the arcade spending over 1 million dollars - a substantial amount at that time.
The theatre opened its doors on Boxing Day of that year as a twin cinema and proved to be an enormous success. The complex was upgraded in 1994 to a four screen complex as it remains today.
The cinema has seen numerous operators over the years including Village and Hoyts Cinemas as well as various independent operators.
In June 2013 the cinemas were all upgraded to state-of-the-art Digital Projection and Sound, thus offering patrons the best in sight and sound technology available in the world today. Various renovations were also undertaken in the upgrade including a re-vamp of the ticket box and candy bar to include a small Liquor Bar, so patrons can now enjoy a quality wine or beer while watching a movie.
The 20/21 Pandemic created chaos in the cinema industry, the owners responded by taking the opportunity to acquire the airspace above.
This purchase was envisioned as the opportunity to increase the number of screens to 6 or 7 plus an outdoor cinema with uninterrupted views to the Dandenong Ranges.
In 2022 the owners purchased the shop adjacent to the cinema entrance to create the opportunity of a more inviting and embracing expanded entrance to the cinema complex.
Croydon is a leafy eastern suburb of Melbourne at the foothills to the beautiful Dandenong Ranges National Park and is approximately 26km to the Melbourne Central Business District. Croydon features an abundance of shopping facilities including the charming tree-lined shopping strip along Main Street, Croydon Central and Civic Square Shopping Centre.
Croydon uniquely benefits from having all major banks along Main Street. The area has a good mix of local and national retailers including Woolworths, Coles, Aldi, Liquorland, Direct Chemist Outlet, Cash Converters, Taco Bill, Subway, Vinnies and Bottlemart to name a few.
Swinburne University
and
campus
Learning.
Croydon and
Proven loyal customer base
Building air rights allowing for the activation of rooftop cinema and further development
Existing liquor license
The property comprises a ground floor entry with a wide staircase heading up to the ticket and food sales candy bar area. The adjoining shop 6 is also included and will allow for an expansion of the ground floor entry. There are separate lobbies outside the cinemas and large male and female bathrooms. On the upper level are the projector rooms, storage spaces and mechanical equipment/plant rooms. There are multiple fire escapes, disabled hoist, sprinkler system, poster boxes in the arcade.
are currently four fully fitted digital cinemas and associated equipment.
For Sale by Expressions of Interest closing Friday 28th October at 3pm
Strictly by private appointment with
selling agents
Further documentation available on request including plans, financials and planning permit
SALE METHOD Available upon request
10% deposit with flexible settlement up to 6 months
“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