FOR SALE BY PUBLIC AUCTION THURSDAY 20th OCTOBER AT 11AM ON-SITE Horscroftplace 7 MOORABBIN
INTRODUCTION 04 EXECUTIVE SUMMARY 06 LOCATION 08 PROPERTY PARTICULARS 12 TENANCY DETAILS 14 FLOORPLAN 16 SALE METHOD 18 contents
introductionAston Commercial are pleased to offer 7 Horscroft Place, Moorabbin for sale by public auction on Thursday 20th October at 11:00am on-site.
The prized court location zoned Activity Centre Zone Schedule 3 (ACZ-3), has several developments approved including a 42-apartment site currently under construction and 100% sold, with another site recently converted into parklands by the council.
This property is fabulously positioned a short walk from Moorabbin Station, moments from St Kilda Football Club Training Centre RSEA Park, Moorabbin shopping precinct, and Green Point Beach at the end of South Road.
The property benefits from short term holding income from a secure and established tenant.
This is an outstanding opportunity to secure a substantial freehold building in this tightly held location with flexible zoning allowing for multi-level development or future owner occupation.
Contact the exclusive agents to arrange your private inspection.
*approx.
4 7 Horscroft place MOORABBIN
Executive
Substantial Freehold Building with holding income and development upside
ZONING
Activity Centre Zone Schedule 3 (ACZ-3)
METHOD OF SALE
Public auction on Thursday 20th October at 11:00am on-site
LOCATION
Premium Bayside location being transformed into multi-level residential
AREA
Land Area: 858 sqm* Building Area: 645 sqm*
TERMS OF SALE
Deposit with Settlement of 30-90
Fred Nucara Managing Director 0418 567 560 fred@astoncommercial.com.au EXCLUSIVE SELLING AGENTS
DESCRIPTION
*approx.
10%
Days Horscroft place7 MOORABBIN
Summary Rodney King Director of Agency 0422 839 870 rodney@astoncommercial.com.au 6 7 Horscroft place MOORABBIN
Location
Moorabbin is located approximately 18km south-east of the Melbourne CBD.
The subject property is located just off Linton Street near South Road and the intersection of Nepean Highway. This location is undergoing a major transformation with the council recently rezoning the area as Activity Centre and encouraging multi-level residential developments. The property is situated with excellent access to major arterials including South Road, Nepean Highway and Dingley Bypass.
At the end of South Road is Green Point Beach, with premium surrounding suburbs including Hampton, Hampton East, Brighton, Bentleigh East & Highett. The property is also surrounded by some of Melbourne’s best education facilities including Moorabbin Primary, Bentleigh Primary, Bentleigh Secondary College, St Katherines Primary, Cheltenham Secondary and St Agnes Primary to name a few.
Major medical facilities in the area include Cabrini Brighton, Linacre Private Hospital, Holmesglen Private Hospital and Sandringham Hospital.
Westfield Southland is situated nearby the property, home to major national retailers including Myer, David Jones, Harris Scarfe and Village Cinemas, fundamentally providing a wide range of amenities within the shopping precinct.
The Southland Railway Station services the Frankston line, with Moorabbin station only 400m away, as are several bus options along South Road and Nepean Highway.
Moorabbin offers an array of lifestyle and shopping amenities that include some of Victoria’s most prestigious golf courses, Moorabbin DFO, Kingston Central Plaza and RSEA Park nearby.
8 7 Horscroft place MOORABBIN
The subject property is an older style solid brick warehouse currently occupied as a gym. The building is 645 sqm* with offices to the front, a motorised roller door, large kitchen and bathrooms to the rear with ample off street parking. TITLE PARTICULARS Certificate of title 8846 Folio 293 LAND DIMENSIONS AND AREA Horscroft Street Frontage 20.1 metres* Depth western boundary 39.6 metres* Depth eastern boundary 44.9 metres* Total Land Area 858 square metres* *approx. ZONING Activity Centre Zone Schedule 3 (ACZ-3) under the City of Kingston planning scheme. The zoning is very pro-development offering a diverse range of project options from residential to commercial, subject to planning approvals. Particulars PROPERTY 12 7 Horscroft place MOORABBIN
TENANCY
details
The property is being sold subject to a lease summarised as follows:
Lessee: THAD AND BUTTERS PTY LTD
Trading as: Crossfit Project Bayside
Current Rent: $70,962 pa
Commencement: 1 January 2022
Term: Three (3) years
Further Term: One further term of Three (3) years
Rent Reviews: Fixed annual 3.5% increases with market review at option
Outgoings: Paid by Tenant
SPECIAL CONDITION
The lease provided a demolition clause allowing the landlord to give the tenant 6 months notice to vacate.
OVERVIEW OF TENANT
Crossfit Project Bayside is a beautiful facility filled with happy faces & an unbeatable atmosphere.
We offer group fitness CrossFit classes, specialty classes, open gym and one-on-one.
We also have a range of on-site facilities such as a chiropractor, certified nutritionist & remedial massage therapist.
7 Horscroft place MOORABB IN14
Floorplan
16 7 Horscroft place MOORABBIN
7 Horscroft place MOORABB IN 17
METHOD OF SALE
auction on Thursday 20th October at 11:00am on-site
TERMS OF SALE
Deposit with Settlement of 30-90 Days
Sale Method
10%
Public
INSPECTIONS Strictly by private appointment CONTRACT OF SALE & VENDORS STATEMENT Available upon request EXCLUSIVE SELLING AGENTS Horscroft place7 MOORABBIN Fred Nucara Managing Director 0418 567 560 fred@astoncommercial.com.au Rodney King Director of Agency 0422 839 870 rodney@astoncommercial.com.au 18 7 Horscroft place MOORABBIN
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
