NIDDRIE
433-435 KEILOR RD.
FOR SALE BY PUBLIC AUCTION
THURSDAY 16TH DECEMBER 2021 AT 12PM ON-SITE
NIDDRIE
433-435 KEILOR RD.
CONTENTS
2
04
INTRODUCTION
06
EXECUTIVE SUMMARY
10
LOCATION
14
WHY BUY?
16
PROPERTY PARTICULARS
20
TENANCY DETAILS
22
EXISTING IMPROVEMENTS
26
SALE METHOD
INTRODUCTION
AN OPPORTUNITY YOU CAN BANK ON. Aston Commercial are pleased to offer 433-435 Keilor Road, Niddrie For Sale by Public Auction on Thursday 16th December 2021 at 12pm.
Prominently located on Keilor Road only minutes from the Tullamarine Freeway. This solid two level freehold building over 430 sqm* has been occupied by the Commonwealth Bank for several decades. Securely leased today this property also boasts enormous upside tomorrow with a precedent in the area for multi-level mixed use development. Positioned on the busy southern side of the retail strip this property also abuts a major public car park adding convenience for any future tenant or operator. Aston Commercial highly recommend this generational asset for your serious consideration.
4
SECURE BLUE CHIP TENANT
EXECUTIVE SUMMARY
NIDDRIE
433-435 KEILOR RD.
Prominent double fronted building located in the centre of the Niddrie activity centre just 12km’s north west of the CBD. The building comprises ground floor retail and first floor amenities. The property has rear laneway access abutting a large public car park along with on-site staff parking.
LEASE DETAILS
LAND AREA
Securely leased to Commonwealth Bank at a rental of $165,154.56 pa + GST
418 sqm*
BUILDING AREA
ZONING
430 sqm*
C1Z - Commercial 1 Zone
METHOD OF SALE
TERMS OF SALE
For Sale by Public Auction on Thursday 16th December 2021 at 12 noon on-site
10% deposit with the balance payable in 60-90 days *approx.
EXCLUSIVE SELLING AGENTS
6
Liam Rafferty
Fred Nucara
Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au
Director 0418 567 560 fred@astoncommercial.com.au
LOCATION NIDDRIE Whether it’s the instant sensation of warmth the shop keepers surround you with, the chatter of haggling customers or the magnificent displays of delicious foods from across the globe, the Niddrie Traders are dedicated to offering their customers a world of shopping and dining experiences. Just 12km north of Melbourne lies a hidden shopping gem. Keilor Road Niddrie has become a bustling hub where community and commerce have combined to bring about a vibrancy and verve the local traders are very proud of.
• Niddrie Central Shopping Centre • DFO Essendon • Woolworths • Chemist Warehouse • 7-Eleven • Australia Post • TAB
• Calder Freeway • Tullamarine Freeway • Tram – Route 59 • Bus – Route 469, 476 & 483
• Essendon Fields Airport • Melbourne Airport • Windy Hill Oval • Buckley Park • Moonee Valley Racecourse 10
NIDDRIE WHY BUY?
BLUE CHIP TENANT CBA
DEVELOPMENT UPSIDE (STPA)
LOCATION LOCA
NIDDRIE HAS BECOME A BUSTLING HUB WHERE C TO BRING ABOUT A VIBRANCY AND VERVE THE LO
LOCATION TION!
LONG STANDING TENANCY WITH FIXED RENTAL INCREASES
PROLIFIC RETAIL STRIP WITH MINIMAL VACANCY
COMMUNITY AND COMMERCE HAVE COMBINED OCAL TRADERS ARE VERY PROUD OF.
PROPERTY PARTICULARS TITLE PARTICULARS Volume: 09556 Folio: 142 Land in Plan of Consolidation 157110
LAND DIMENSIONS AND AREA Keilor Road Frontage
10.97 metres*
Laneway Frontage
10.97 metres*
Eastern Boundary
38.10 metres*
Western Boundary
38.10 metres*
Total Land Area:
418 square metres*
*approx.
ZONING Under the Moonee Valley City Council Planning Scheme the land is zoned Commercial 1 – C1Z. The property is also subject to the following overlay DDO - Design And Development Overlay - Schedule 7.
16
TENANCY DETAILS OVERVIEW OF TENANT
The Commonwealth Bank was founded under the Commonwealth Bank Act in 1911 and commenced operations in 1912, empowered to conduct both savings and general banking business. Today, we’ve grown to a business with more than 800,000 shareholders and 52,000 people working in the Commonwealth Bank Group. We offer a full range of financial services to help all Australians build and manage their finances. We’re Australia’s leading provider of integrated financial services, including retail, premium, business and institutional banking, superannuation, insurance and share-broking products and services. www.commbank.com.au
TENANCY DETAILS Tenant Rent
$165,154.56 pa + gst
Term
Three (3) Years
Commencement
February 2021
Options Rent Reviews Outgoings
20
Commonwealth Bank
1 further term of Two (2) Years 4% annually Paid by tenant
EXISTING IMPROVEMENTS Ground Floor Retail: 360 sqm First Floor: 70 sqm Total Building Area: 430 sqm
• Open plan retail space • Teller Area • Private Office spaces • Staff tearoom • Male / Female amenities • Rear access to public car park • On-site staff parking * Commercial grade heating/cooling
22
FLOOR PLAN 433-435 KEILOR ROAD, NIDDRIE
24
SALE METHOD
NIDDRIE
433-435 KEILOR RD.
METHOD OF SALE
TERMS OF SALE
For Sale by Public Auction on Thursday 16th December 2021 at 12 noon on-site
10% deposit with the balance payable in 60-90 days
INSPECTIONS
CONTRACT OF SALE & VENDORS STATEMENT
Strictly by private appointment with the exclusive selling agents.
Available upon request.
EXCLUSIVE SELLING AGENTS
26
Liam Rafferty
Fred Nucara
Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au
Director 0418 567 560 fred@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
