58 PIN OAK CRESCENT F L E M I N G T O N
FOR SALE BY PUBLIC AUCTION THURSDAY 22 JULY AT 12 NOON ON-SITE
58 PIN OAK CRESCENT F L E M I N G T O N
CONTENTS 04 INTRODUCTION 06 EXECUTIVE SUMMARY 10 LOCATION 14 PROPERTY PARTICULARS 18 EXISTING IMPROVEMENTS 19 FLOORPLAN 20 FUTURE SITE POTENTIAL 22 SALE METHOD
3
58 PIN OAK CRESCE F L E M I N G T O N
INTRODUCTION
Aston Commercial is pleased to offer 58 Pin Oak Crescent, Flemington for sale by Public Auction on Thursday 22nd of July at 12 noon on-site.
4
ENT
Offered with vacant possession, this affordable property offers a great opportunity for owner occupiers looking to secure their own space. With interest rates at historically low levels we now are seeing a huge shift in tenants becoming owners at this price point.
The property also offers sensational scope for those looking to reposition the asset with a number of nearby owners setting a precedent for small mixed use developments or the ability to extended the current premises. Aston Commercial believe there is significant upside to this property and encourage your serious consideration. 5
EXECUTIVE SUMMARY
58 PIN OAK CRESCENT F L E M I N G T O N
Perfectly positioned in a boutique retail strip. The property sits approximately 4km north-west of Melbourne’s CBD and is positioned directly across the road from Newmarket Railway Station.
DESCRIPTION
LAND AREA
Single level freehold retail premises with rear access and on-site parking
171 sqm*
BUILDING AREA
ZONING
103 sqm*
Commercial 1 – C1Z
METHOD OF SALE
TERMS OF SALE
For sale by Public Auction on Thursday 22nd July at 12 noon on-site
10% deposit with settlement in 60-90 days. *approx.
EXCLUSIVE SELLING AGENTS
6
Liam Rafferty
Jeremy Gruzewski
Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au
Director of Agency 0422 211 021 jeremy@astoncommercial.com.au
LOCATION Some nearby businesses and infrastructure includes:
Local Businesses • Woolworths • Chemist Warehouse • BWS • McDonald’s • Subway
Education • St Brendan’s School • Debney Meadows Primary School • Holy Rosary School • Kensington High School
Lifestyle • Flemington Racecourse • Melbourne Showgrounds • Newmarket Oval • Melbourne Pavilion
Transport • Newmarket Railway Station • Tram Service (Route 57) 10
Flemington
PROPERTY PARTICULARS
TITLE PARTICULARS Volume: 10338 Folio: 989 Lot 1 on Plan of Subdivision 122827
LAND DIMENSIONS AND AREA Pin Oak Crescent Frontage: 6 metres* Norwood Place Frontage: 5 metres* Depth 35 metres* 171 square metres*
ZONING Under the Moonee Valley City Council Planning Scheme the land is zoned Commercial 1 – C1Z.
*approx.
14
58
Total Land Area:
EXISTING IMPROVEMENTS The building is a single level brick shop front with rear residence. In more recent times
The property abuts Norwood Place and provides on-site parking and a rear gate.
the property has been occupied by retail operators. Internally the building is configured with a front retail area leading to a hallway with several rooms including: • • • •
18
Kitchen Bedroom / Office x2 Living / Boardroom Staff toilets
At the front of the property and along the retail strip there is 1 hour (1P) public parking available on both sides of the street.
Building Area: 103 sqm
58 PIN OAK CRESCENT F L E M I N G T O N
N 19
FUTURE SITE POTENTIAL Retail With the existing Commercial 1 zoning this property would be suited (STCA) to several retail uses including: • Café / Restaurant • Health & Beauty • Retail Sales
Office Reconfigured for office use, there is the ability to create a reception area, boardroom, and private office spaces.
Medical With significant nearby public parking this site could potentially suit consultants including: • Physiotherapist • Dentist • Osteopath • Podiatrist • Specialist Doctor
Develop Nearby there is a strong precedent for redevelopment including the potential for a dual level commercial building or mixed use development activating the access from the rear Norwood Place. 20
SALE METHOD
58 PIN OAK CRESCENT F L E M I N G T O N
METHOD OF SALE
TERMS OF SALE
For sale by Public Auction on Thursday 22nd July at 12 noon on-site.
10% deposit with settlement 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
22
Liam Rafferty
Jeremy Gruzewski
Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au
Director of Agency 0422 211 021 jeremy@astoncommercial.com.au
58 PIN OAK CRESCENT F L E M I N G T O N
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
