643 - 645
HIGH STREET RD GLEN WAVERLEY
FOR SALE BY EXPRESSIONS OF INTEREST CLOSING ON WEDNESDAY OCTOBER 27TH AT 2PM
643 - 645
HIGH STREET RD GLEN WAVERLEY
CONTENTS 04 INTRODUCTION 06 EXECUTIVE SUMMARY 10 LOCATION 12 PROPERTY PARTICULARS 13 FLOOR PLAN 16 TENANCY DETAILS 18 SALE METHOD
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INTRODUCTION SUPER SITE, SUPER INVESTMENT. Aston Commercial are pleased to offer 643-645 High Street Road, Glen Waverley for sale by Expressions Of Interest closing on Wednesday October 27 at 2pm.
This exceptional opportunity consists of a high exposure major corner site of 1,974 sqm* with a combined frontage of over 78m*. The property is in an established location experiencing significant growth and development. This secure investment is leased to national retailer Super Cheap Auto on a 4 year lease with future upside. Sit back and enjoy the income and the inevitable increase in land value the location is sure to provide. Offering significant frontages this land lends itself to several potential Commercial development outcomes including Office, Bulky Goods Retail, Childcare or Allied Health. Aston Commercial believes this property has many long term strings to its bow and encourage your serious consideration.
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EXECUTIVE SUMMARY
643 - 645
HIGH STREET RD GLEN WAVERLEY Premium high exposure corner site with significant upside. Located at corner of High Street Road and Blackburn Road Glen Waverley approximately 20km South East of Melbourne CBD.
LEASE DETAILS
LAND AREA
Four (4) year lease to Super Cheap Auto Pty Ltd commencing 4th November 2021 Current rent $213,000 p.a. expiring 3rd November 2025
1,974 sqm*
BUILDING AREA
ZONING
580 sqm*
General Residential Zone Schedule 2 – GRZ2 under the city of Monash planning scheme plus existing use rights
METHOD OF SALE
TERMS OF SALE
For sale via Expressions Of Interest closing Wednesday October 27 at 2pm
10% Deposit with the balance due 60-90 days from date of sale *approx.
EXCLUSIVE SELLING AGENTS
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Rodney King
Liam Rafferty
Director of Agency 0422 839 870 rodney@astoncommercial.com.au
Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au
LOCATION Glen Waverley This south-eastern suburb is a familyfriendly jackpot of spacious houses with manicured gardens, good schools, great shopping, bustling cinemas, sporting facilities and tasty Asian eateries. Glen Waverley, situated around broad thoroughfares 20kms south-east of the CBD, has all the amenities a family could need – plenty of space, roomy houses, The Glen Shopping Centre, a nifty cinema complex and a selection of quality schools. Buses and trains service the area, which also has excellent major road and freeway access.
The Glen Shopping Centre Mount Waverley Shopping Village Chadstone Shopping Centre
Wesley College Glen Waverley Campus Holmesglen Glen Waverley Mount Waverley North Primary School Mount Waverley Secondary College
Syndal Station: 500m Mount Waverley Station Glen Waverley Station
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PROPERTY PARTICULARS
TITLE PARTICULARS
ZONING
Lot 1 on title Plan 296942B Volume 08105 Folio 547
General Residential Zone – Schedule 2 – GRZ2 under the city of Monash planning scheme.
LAND DIMENSIONS AND AREA
DESCRIPTION
Combined Frontage
78 metres*
Blackburn Rd Frontage
26 metres*
High Street Rd Frontage
24 metres*
Northern Boundary
44 metres*
Eastern Boundary
45 metres*
Total Land Area:
1,974 sqm*
The property comprises a purpose built retail showroom of 580sqm* prominently located on the corner of High Street Road and Blackburn Road. There is a significant car park accessed off High Street Road which also provides additional rear access to the property. The building is a modern tilt slab construction with large aluminium and glass facade.
*approx.
Median House Price $1,465,500 As of 30th August 2021 Source: realestate.com.au
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FLOOR PLAN
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TENANCY DETAILS
OVERVIEW OF TENANT
EVERYTHING AUTO AND MUCH, MUCH MORE! Supercheap Auto is a thriving specialty retail business, specialising in automotive parts and accessories. We also stock a wide range of tools and accessories for the DIY home handyman as well as products for travel, touring, outdoors, garage and the shed. As the inaugural Super Retail Group brand established in 1972, Supercheap Auto has since grown into a major specialist retailer with 290 stores across Australia and New Zealand and more than 3,800 team members. Supercheap Auto attributes its success and expansion to the emphasis placed on team members, stores and extensive product range. 16
Tenant Business Name
Super Cheap Auto Pty Ltd
Rent
$213,000 per annum plus GST
Lease Term
Four (4) years
Further Term
Nil
Commencement Date
4th November 2021
Rent Reviews
Annual 3% increases
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SALE METHOD
643 - 645
HIGH STREET RD GLEN WAVERLEY
METHOD OF SALE
TERMS OF SALE
For Sale via Expressions Of Interest closing Wednesday October 27 at 2pm
10% Deposit with the balance due 60-90 days from date of sale
INSPECTIONS
CONTRACT OF SALE & VENDORS STATEMENT
Strictly by private appointment with the exclusive selling agents.
Available upon request.
EXCLUSIVE SELLING AGENTS
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Rodney King
Liam Rafferty
Director of Agency 0422 839 870 rodney@astoncommercial.com.au
Senior Sales Executive 0421 886 655 liam@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
