5–11
ROONEY STREET RICHMOND
FOR SALE BY EXPRESSIONS OF INTEREST CLOSING THURSDAY 25TH OF AUGUST AT 3PM
3 BUILDINGS OVER 2 TITLES
CONTENTS
6.
EX EC U TIVE S U MMARY
8.
LOCATION
10. P ROP ER TY PAR TIC U L ARS 12. L AN D AREA & D IMEN SION S 16. FIN AN C IAL & TEN AN C Y D ETA I L S 22. SALE METH OD
3
INTRODUCTION
Aston Commercial are pleased to offer both 5-7 Rooney Street & 9-11 Rooney Street, Richmond for sale by Expressions of Interest closing on Thursday the 25th of August at 3pm. The properties can be acquired individually or as a whole. Glorious Richmond. This city fringe suburb of Melbourne goes from strength to strength with significant commercial and residential redevelopment that is taking advantage of the location to the Melbourne CBD and the world class amenity all within arm’s reach. 5-7 Rooney Street & 9-11 Rooney Street offers purchasers a rare opportunity to acquire a significant parcel of land over multiple titles in this highly sort suburb. If you are looking to invest, occupy, develop or a combination of these, this offering has it all. With flexibility of month-to-month tenancies and long term tenants there is an opportunity to extend/ renegotiate leases or move in and occupy for your own needs. The improvements on the building are significant and can be adapted to suit a wide range of different business activities. Supreme location PLUS ultimate flexibility PLUS significant improvements makes this a highly desirable offering and as such Aston Commercial highly recommend 5-7 & 9-11 Rooney Street, Richmond for your serious consideration.
4
EXECUTIVE SUMMARY
5-7 Rooney Street & 9-11 Rooney Street, Richmond Three buildings over two titles currently used as self-storage, office and gymnasium. LOCATION
LAND AREA
Superb location within proximity to the CBD, train stations and the M1
5-7 Rooney 134 sqm* 9-11 Rooney 441 sqm* Total 1,575 sqm*
ZONING
BUILDING AREA
Industrial 3 Zone – IN3Z
Total combined building area of 1,925 sqm*
METHOD OF SALE
TERMS OF SALE
For Sale by Expressions of Interest closing on Thursday the 25th August at 3.00pm. Offered as a whole or individually
10% Deposit with Settlement 60-90-120 Days
*approx.
EXCLUSIVE SELLING AGENTS
6
Jeremy Gruzewski
Fred Nucara
Executive Director 0422 211 021 jeremy@astoncommercial.com.au
Managing Director 0418 567 560 fred@astoncommercial.com.au
LOCATION Located within a precinct that is characterised by the very best of Melbourne’s cutting edge but underpinned by its rich history, Rooney Street rests at the beating heart and culmination of old and new Melbourne. Quiet streets, warehouses, workers cottages, residential apartments and office workers traversing through laneways to find hidden coffee roasters, bars and breweries.
Some nearby businesses and infrastructure includes:
SHOPPING • • • •
Church Street Swan Street Chapel Street Toorak Road
TRANSPORT • East Richmond Train Station • Burley Train Station • M1 Freeway
ACTIVITY • • • •
8
MCG Botanical Gardens AAMI Park Yarra River
RICHMOND.
AN INNER-CITY GIANT WITH A HEART TO MATCH
TRENDY, BUSTLING, CONVENIENT, EXCITING, LIVELY, SOCIABLE, BOLD, ENTERPRISING, ESTABLISHED, CREATIVE, INVENTIVE, CONNECTED, VIBRANT, URBAN, DIVERSE, COSMOPOLITAN, ENGAGING.
PROPERTY PARTICULARS
PROPERTY DESCRIPTION The property is spread over two titles and three independent buildings currently leased to 3 separate tenants. The property is known by their titles as 5-7 Rooney Street and 9-11 Rooney Street however overtime the street numbers and coincidentally the leases are now known as: • 5-7 Rooney Street • 9 Rooney Street • 11 Rooney Street
PROPERTY DESCRIPTION 5-7 Rooney Street Volume – 10852 Folio 382 Lot 2A on Plan of Subdivision 518762K. 9-11 Rooney Street Volume – 10852 Folio 383 Lot 3 A on Plan of Subdivision 518762K.
ZONING Industrial 3 Zone - IN3Z To provide a buffer between the Industrial 1 Zone or Industrial 2 Zone and local communities, which allows for industries and associated uses compatible with the nearby community.
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5-7 ROONEY STREET
TITLE ADDRESSES
9–11
5–7
5-7 ROONEY STREET
5–7
STREET AND LEASE ADDRESSES
9
11
LAND AREA & DIMENSIONS 5-7 & 9-11 Rooney Street can be purchased as a whole or in two separate lots.
LOT 1 5-7 ROONEY STREET Street Frontage
43.33 metres*
Rear Frontage
43.49 metres*
Northern Boundary
36.21 metres*
Southern Boundary
36.21 metres*
Total Land Area
1,134 square metres*
11.98 metres*
Rear Frontage
12.21 metres*
Northern Boundary
36.21 metres*
Southern Boundary
30.59 metres*
Total Land Area
441 square metres*
LOT’S 1 & 2 5-7 & 9-11 ROONEY STREET Street Frontage
55.31 metres*
Rear Frontage
55.6 metres*
Northern Boundary
36.21 metres*
Southern Boundary
30.59 metres*
Total Land Area *approx.
12
1,575 square metres*
36.21m
Street Frontage
36.21m
LOT 2 9-11 ROONEY STREET
55.6m 12.21m
43.49m
11.98m 55.31m
30.59m
30.59m
36.21m
36.21m
43.33m
IF YOU ARE LOOKING TO INVEST, OCCUPY, DEVELOP OR A COMBINATION OF THESE, THIS OFFERING HAS IT ALL.
5-7 ROONEY STREET RICHMOND Known as 5-7 Rooney Street by title, lease and street address. To be sold within Lot 1.
BUILDING DESCRIPTION The property is predominantly a brick warehouse currently utilised as a self-storage facility. There is container height roller door access and sprinklers throughout, along with amenities ground floor storage as well as some mezzanine space.
BUILDING AREA Total Ground Floor:
667 sqm*
Mezzanine Area:
115.78 sqm*
Total:
782 sqm*
*approx.
TENANCY DETAILS The property is currently leased to Richmond Storage & Removal. At Richmond Storage & Removals, we endeavour to take the stress out of every move with our quick, professional and reliable moving and storage services. We take great pride in our work, and always go that extra mile to provide exceptional customer service with a smile. We have been in the storage and removalist business for more than 15 years, so it’s safe to say you’re in good hands with the team at Richmond Storage & Removals. www.richmondstorage.com.au
TENANT CURRENT RENT
Man With A Hernia Pty Ltd $139,185.20 pa
REVIEWS OUTGOINGS LEASE TERM
NA 100% paid by the tenant Month-to-month overholding
OPTIONS BOND/BANK GUARANTEE
Nil 3 months rent plus outgoings plus GST
The tenant has expressed an interest to commit to a longer term lease however, the current month-to-month status provides owner occupiers and opportunity to gain immediate access.
16
FLOOR PLAN
17
9 ROONEY STREET RICHMOND Known as 5-7 Rooney Street by title but 9 Rooney Street by lease and street address. To be sold within Lot 1.
BUILDING DESCRIPTION This predominantly galvanised steel building is currently utilised as a production, office and warehouse facility. There is container height roller door access to a high clearance warehouse. To the rear of the building a mezzanine area exists that creates a ground and first floor area. The space has a cool and funky feel that lends itself to a creative use. There are toilet and kitchen facilities.
BUILDING AREA Ground Floor:
179 sqm*
First Floor:
140 sqm*
Total:
421 sqm*
*approx.
TENANCY DETAILS The property is currently leased to MMAPT Robotics. I am the only one of my kind. I bring you e-commerce photography automation. I am the fastest, most efficient and cost effective photographer on the planet. www.mmaptrobotics.com
TENANT
MMAPT Robotics Pty Ltd
CURRENT RENT
$48,672 pa
REVIEWS
4% annually with market review at option
OUTGOINGS
100% paid by the tenant
LEASE TERM OPTIONS
2 years commenced 1st September 2020 1 X 3 years
BOND/BANK GUARANTEE
(The tenant has advised they will not be taking option)
2 months rent plus GST
The tenant has given notice that they will not be renewing their lease but will stay on month-to-month until they secure larger premises. Opportunity to release at a market rental or owner occupy.
18
FLOOR PLAN
19
11 ROONEY STREET RICHMOND Known as 9-11 Rooney Street by title but 11 Rooney Street by lease and street address. To be sold as Lot 2.
BUILDING DESCRIPTION This predominantly brick and galvanised steel building is currently utilised gymnasium and provides the appropriate reception area, changing and bathroom amenity. There are two mezzanine areas that create not only interesting space but considerable floorspace. The ceiling height at the rear is considerable and suggest a former use of a manufacturing facility.
BUILDING AREA Ground Floor:
407 sqm*
First Floor:
195 sqm*
Second Floor:
120 sqm*
Total:
722 sqm*
*approx.
TENANCY DETAILS The property is currently leased to Ward’s Gym. Ward’s Gym welcomes people from all walks of life. Whether you’re a competitive athlete wanting at taking it to the next level, or just looking to improve your health and wellness, Ward’s Gym can assist you in achieving your personal goals in a friendly professional environment. www.wardsgym.com
TENANT CURRENT RENT REVIEWS OUTGOINGS LEASE TERM OPTIONS BOND/BANK GUARANTEE
20
Wards Gym Pty Ltd $77,422.92 pa 4% annually with market review at option 100% paid by the tenant 2 years commenced 16th March 2021 2 X 2 years 1 months rent plus outgoings plus GST
FLOOR PLAN
21
SALE METHOD
METHOD OF SALE
TERMS OF SALE
For Sale by Expressions of Interest closing on Thursday 25th August at 3.00pm. Offered as a whole or individually
10% Deposit with Settlement 60-90-120 Days
CONTRACT OF SALE & VENDORS STATEMENT
VENDORS SOLICITOR
Available upon request
Miranda Wentworth F.INST L. EX Marshalls+dent+wilmoth lawyers Level 21 570 Bourke Street Melbourne VIC 3000 All correspondence PO Box 316 Collins Street West VIC 8007
EXCLUSIVE SELLING AGENTS
22
Jeremy Gruzewski
Fred Nucara
Executive Director 0422 211 021 jeremy@astoncommercial.com.au
Managing 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
