BE THE KING OF DUKE. OCCUPY OR INVEST
4-6 DUKE ST. W I N D S O R
FOR PRIVATE SALE
4-6 DU K E ST. W I N D S O R
CONTENTS 04 INTRODUCTION 06 EXECUTIVE SUMMARY 08 LOCATION 13
WINDSOR PRECINCT
14
PROPERTY PARTICULARS
18
FLOOR PLAN
21
TENANCY DETAILS
2 2 SALE METHOD
2
INTRODUCTION
Aston Commercial are pleased to introduce 4-6 Duke Street, Windsor
BE THE KING OF DUKE. O CC U PY O R I N V E S T. 4
for private sale.
F I R S T F LO O R VA C A N T
G r O U N D F LO O R LEASED
The property is located in Windsor, an eclectic and trendy hub, located a mere five kilometers south-east of the Melbourne CBD. If you are looking for new office headquarters and also a partially leased investment, then this could be ideal.
Comprising two levels, the property has a ground floor occupied by a fitness business on a long lease and a first floor ready for either owner occupation or to be re-let. Aston Commercial highly recommend this highly flexible asset. Invest, occupy or room to grow. Be The King Of Duke Street.
5
EXECUTIVE SUMMARY
4-6 D U K E ST. W I N D S O R
B E T H E K I N G O F D U K E . O CC U PY O R I N V E S T. Located only metres to Chapel Street, walking distance to Windsor Station and trams and within the heart of the vibrant and bustling Winsdor Retail and Entertainment Precinct. First floor vacant ideal to owner occupy. Ground floor retail leased as a Fitness Centre.
BUILDING AREA
LEASE DETAILS
Ground Floor First Floor Total
Ground floor leased until 2024 plus options with current Rent $62,500 pa. First floor vacant.
254 sqm* 425 sqm* 679 sqm*
ZONING
CAR SPACES
Activity Centre Zoning (ACZ1)
3 car spaces
METHOD OF SALE
TERMS OF SALE
For Private Sale
10% deposit with settlement offered in 60 or 90 days *approx.
EXCLUSIVE SELLING AGENTS
6
Fred Nucara
Jeremy Gruzewski
Director 0418 567 560 fred@astoncommercial.com.au
Director of Agency 0422 211 021 jeremy@astoncommercial.com.au
L O C AT I O N
W I N D S O R Windsor has long been overshadowed by its more flamboyant neighbours, Prahran and South Yarra. 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. 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.
34.2%
25.1%
10.1%
Independent Youth
Maturing + Established Independence
Older Independence
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 $1,300,000 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. Windsor is also well complemented by its incredible network of public transport options which are essential to the liveability of the precinct. Windsor Train Station, which is less than 200 metres away, provides access to the heart of the incredible restaurant scene, while the no. 78 tram patrols famous Chapel Street dropping patrons at the doorways of the iconic retail strip. Source: realestate.com *Approx.
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W I N D S O R P R E C I N C T 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. 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. Here are some of the best that Windsor has to offer:
R E S TAU R A N T S
BARS
Hawker Hall
The Union Hotel
Fonda
The Wolf & I
Bettys Burgers
Tusk High Bar
Firebird
Chacho’s
Lucky Coq
Lover
Tokyo Tina
Jungle Boy
Highline Restaurant
Galah
Mr Miyagi
Windsor Castle Hotel
Hanoi Hannah
Mothers Milk
CAFES
BOUTIQUES
Tusk Cafe
Bromley & Co
Yellow Bird Cafe
Messina & Pidapipo
Glacé
Alternating Current Art
Oppen
Space
Journeyman Mr Mister
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Property Pa r t i c u l a r s
TITLE PARTICULARS Lots 11, 1 and 8 in Plan of Subdivision PS 630091
BUILDING DIMENSIONS Ground Floor
254 sqm*
First Floor
425 sqm*
Total Building Area:
679 square metres*
ZONING Activity Centre Zoning (ACZ1) A highly pro-development zone that encourages high density residential and commercial development (STCA). *approx.
14
FLOOR PLAN
GROUND FLOOR Leased - $62,500 pa
18
FIRST FLOOR Vacant - 425 sqm*
*approx. 19
TENANCY D E TA I L S
The property is being sold subject to a lease summarised as follows:
GROUND FLOOR Trading As:
Raise The Bar Fitness
Area:
254 sqm*
Current Rent:
$62,500 pa
Current Term:
3 years
Lease Commencement:
March 24, 2021
Options:
3 + 5 years
Outgoings:
Paid by Tenant
FIRST FLOOR Vacant flexible floor space of some 425 sqm* ready to occupy or re-let. The office space has partitioning throughout. It is in good order and quality that could be utilised as part of a refurbishment to suit individual needs. Ultimately a blank canvass awaits redecoration and design to create the ideal space for the next occupier. The central core and largely square shape will assist design. *approx.
21
SALE METHOD
4-6 D UK E ST. W I N D S O R
B E T H E K I N G O F D U K E . O CC U PY O R I N V E S T.
METHOD OF SALE
TERMS OF SALE
For Private Sale.
10% deposit with settlement offered in 60 or 90 days.
INSPECTIONS
CONTRACT OF SALE & VENDORS STATEMENT
Strictly by private appointment with the exclusive selling agents.
Available upon request.
EXCLUSIVE SELLING AGENTS
22
Fred Nucara
Jeremy Gruzewski
Director 0418 567 560 fred@astoncommercial.com.au
Director of Agency 0422 211 021 jeremy@astoncommercial.com.au
4-6 D U KE ST. W I N D S O R
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
