For Sale by Public Auction Friday 30th September 2022 at 12 noon on-site Malvern411–413RoadSouthYarra
CONTENTS Malvern411–413RoadSouthYarra4 INTRODUCTION 6 EXECUTIVE SUMMARY 10 KEY REASONS TO BUY 12 PROPERTY PARTICULARS 14 TENANCY DETAILS 16 BUILDING PARTICULARS 17 FLOOR PLAN 18 SOUTH YARRA 3141 20 LOCATION 22 SALE METHOD 3
INTRODUCTION
Aston Commercial are pleased to offer 411–413 Malvern Road, South Yarra for sale by Public Auction on Friday 30th September 2022 at 12 noon on-site. A rare opportunity to acquire a fully renovated top to bottom freehold with the versatility of two passive income streams. The high-profile retail space is securely leased to a leading ski retailer Molony’s Ski Shop, and the first floor has a superbly presented separate residence or home office with its own access from McKillop Street. This is a highly adaptable blue-chip investment that also offers great flexibility for investors but also part owner occupiers looking for a funky inner city office or luxurious residential apartment. Located on the doorstep of the Hawksburn Village retail strip, this area is highly regarded for its prominent and highly-sought cafés, restaurants, boutiques, and health & beauty providers. Head the other direction and you are walking distance or a short tram ride to Chapel Street and the Prahran Market. Arguably one of South Yarra’s most impressive investments and one that Aston Commercial strongly recommends for your serious consideration.
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EXECUTIVE SUMMARY EXCLUSIVE SELLING AGENTS Fred Nucara Managing Director 0418 567 fred@astoncommercial.com.au560 Liam Rafferty Associate Director 0421 886 Positionedliam@astoncommercial.com.au655ontheNorthernsideof Malvern Road between Cromwell and Williams Road. Superbly renovated street front retail space with separate high-end first floor apartment/home office. *approx. TERMS OF SALE 10% deposit with the balance payable in 60 days METHOD OF SALE For Sale by Public Auction on Friday 30th September 2022 at 12 noon on-site LEASE DETAILS Retail: Leased to Molony’s Ski Shop on a Three (3) Year lease term for $68,500 pa + GST Home Office/Apartment: Vacant PotentialPossessionrentof$30,000 pa BUILDING AREA Retail: 220 sqm* Home Office: 110 sqm* Total: 330 sqm*Malvern411–413RoadSouthYarraZONING Commercial 1 – C1Z LAND AREA 248 sqm* 6
Malvern411–413RoadSouthYarra
TRAINHAWKSBURNSTATION
POLICEPRAHRANSTATION WilliamsMALVERNRoadRoad South Yarra’s most impressive and versatile investment
KEY REASONS TO BUY Blue chip location with major exposure to Malvern Road IDEAL PART OWNER OCCUPIER PROPERTY Multiple income streams across one title WITH ROOM TO GROW 10
Successful tenantlongstandingand Surrounded by leading retailers and operatorshospitality Rear access from McKillop Street with garage for multiple vehicles
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TITLE PARTICULARS The property is outlined on the Certificate of Title as follows Volume: 05302 Folio: 342 Lot 1 on Title Plan 684679B LAND DIMENSIONS AND AREA Malvern Road Frontage 6.26 metres* Mckillop Street Frontage 6.12 metres* Eastern Boundary 39.74 metres* Western Boundary 39.75 metres* Total Land Area 248 square metres* *approx. ZONING Under the City of Stonnington Council Planning Scheme the land is zoned Commercial 1 – C1Z. The land is also subject to the following overlay: (DDO) Design And Development Overlay – Schedule 21 PROPERTY PARTICULARS 12
ABOUT THE TENANT Molony’s is a family-owned Melbourne retail business, bringing you beautifully hand-picked outerwear from across the globe. They have a rich heritage (Est. 1854), and having lived and breathed the mountain air for years on end. They offer an extensive experience in winter apparel – both on and off the slopes. www.molonysdp.com.au The property is being sold subject to a lease summarised as follows: Tenant Dinner Plain Ski Lift Pty Ltd Trading Name Molony’s Ski Shop Current Rent $68,500.00 net pa Lease Term Three (3) years from 01/06/2022 Options Nil Rent Reviews Fixed annual increases of 4% Outgoings Paid by tenant TENANCY DETAILS 14
BUILDING IMPROVEMENTS Superbly renovated retail premises offers period charm and modern amenity with excellent retail exposure. Property features high ceilings, high quality fittings, large open spaces, huge skylight, timber wall panelling and ceilings. Secure car parking for 3 cars with remote roller door entry plus handy storage area and courtyard. APARTMENT / HOME OFFICE This superbly renovated unit features high ceilings, high quality fittings, large open spaces, huge skylight and floor to ceiling cupboards. • Large open plan lounge/dining room • Modern kitchen with stainless steel European appliances • Lavish bathroom • European laundry • Master bedroom • Potential net income of $30,000 pa BUILDING PARTICULARS 16
FLOOR PLAN Malvern411–413RoadSouthYarra 17
FAWKNERPARK MALVERN South Yarra is located just 4km south-east of Melbourne’s CBD, located within the City of MalvernStonnington.Road is regarded for its prominent retail strip of cafés, restaurants, boutiques, and health & beauty providers. Off the main roads you’ll find lush green residential streets and highly sought-after residential Southproperty.Yarra’s convenient and attractive location makes it a popular choice for younger people living an independent lifestyle. But it’s also a very established suburb and you’ll find many long-time locals living here too, either as a family or as empty nesters. For transport, a number of tram lines traverse the suburb. Toorak Railway Station and Hawksburn Railway Station are also easily accessible. SuburbsSurrounding Toorak $5,187,500 * Armadale $2,603,500 * Prahran $1,800,000 * South Yarra Median3141House Price $2,270,000 * *Source: realestate.com.au August 202218
Malvern411–413RoadSouthYarraMALVERNCromwellRoadRoadChapelStreet
RockleyPrincesOrrongVictoriaBusTramHawksburnMelbourneGeelongPrahranToorakPrahranCommercialChapelHawksburnbusinesses.VillageStreetRoadMarketPrimarySchoolHighSchoolGrammarSchoolHighSchoolRailwayStationRoute(72)Route(603,604)GardensRomanisReserveGardensGardens LOCATION 20
High street
Surrounded by some of Melbourne’s most wellknown suburbs including Toorak, Hawksburn, Prahran and Armadale, South Yarra is one of the most sought-after areas within the Melbourne city Thisfringe.property’s location is hugely popular with immediate access to a wide range of commercial, residential and lifestyle destinations including: Transport services this property like no other with a tram stop on the doorstop and its central location within a short stroll to either Hawksburn or Toorak Railway stations. With access to nearby Dandenong Road which services traffic into the city and out to the south-eastern suburbs via the iconic Chadstone Shopping Centre. High Street is a popular shopping destination where you will find high-end fashion retailers, well known eateries and many designer homeware
MALVERN
MALVERNRoad Chapel street Malvern411–413RoadSouthYarra
EXCLUSIVE SELLING AGENTS Fred Nucara Managing Director 0418 567 fred@astoncommercial.com.au560 Liam Rafferty Associate Director 0421 886 liam@astoncommercial.com.au655 CONTRACT OF SALE & VENDORS STATEMENT Available upon request TERMS OF SALE 10% deposit with the balance payable in 60 days INSPECTIONS Strictly by appointment with the exclusive selling agents METHOD OF SALE For Sale by Public Auction on Friday 30th September 2022 at 12 noon on-site SALE METHOD Malvern411–413RoadSouthYarra 22
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