SoHo Cool.
1068 - 1070
Glen Huntly Road G l e n H u n t ly
for sale by public auction on Thursday 5th August at 12:00pm on-site
1068 - 1070
Glen Huntly Road G l e n H u n t ly
CONTENTS 04 INTRODUCTION 06 EXECUTIVE SUMMARY 10 LOCATION 14 PROPERTY PARTICULARS 18 FINANCIAL AND TENANCY DETAILS 22 SALE METHOD
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INTRODUCTION
SOHO COOL. Aston Commercial are pleased to offer 1068-1070 Glen Huntly Road Glen Huntly for sale by public auction on Thursday 5th August at 12:00pm on site This incredible opportunity consists of a fully refurbished and renovated double fronted building in an area experiencing significant growth and development sitting proudly opposite Booran Reserve. This secure investment is leased to ACRD Interior design on a long-term lease with future upside. The property features a stunning contemporary renovation and fit-out. Sit back and enjoy the income and the inevitable increase in land value the location is sure to provide. Aston Commercial believes there is unlimited gains to this property and encourage your serious consideration.
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EXECUTIVE SUMMARY
1068 - 1070
Glen Huntly Road G l e n H u n t ly
Two adjoining properties are combined into one contemporary office. The property is located on the South Side of Glen Huntly Rd near the intersection of Booran Road approximately 10 km South East of the CBD.
DESCRIPTION
LAND AREA
Premium double fronted contemporary two level office with rear laneway access.
347 sqm*
BUILDING AREA
ZONING
336 sqm* plus courtyard
Commercial 1 Zone
METHOD OF SALE
TERMS OF SALE
For Sale via Public Auction on Thursday 5th August 2021 at 12:00pm on-site
10% deposit with the balance payable on September 27, 2021. *approx.
EXCLUSIVE SELLING AGENTS
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Rodney King
Jeremy Gruzewski
Fred Nucara
Director of Agency 0422 839 870 rodney@astoncommercial.com.au
Director of Agency 0422 211 021 jeremy@astoncommercial.com.au
Director 0418 567 560 fred@astoncommercial.com.au
L O C A T I O N G L E N H U N T LY 31 6 3
This outstanding property is superbly located just 10km’s south-east of Melbourne’s CBD. The suburb is an extremely well-regarded family neighbourhood which is conveniently located close by to a number of leading private schools, leading universities, iconic Caulfield Racecourse, Chadstone Shopping Centre and directly opposite Booran Reserve. All suburbs character is influenced by its surroundings and local amenity with Glen Huntly no exception. The property is also a short distance to a number of national tenants, trendy cafe’s, bars and supermarkets.
nearby businesses and landmarks:
LOCAL BUSINESSES
E D U C AT I O N
• Chadstone Shopping Centre
• Monash University
• Koornang Road, Carnegie
• Glen Eira College
• Glen Huntly Road, Elsternwick
• Caulfield South Primary School
• Hawthorn Road, Caulfield
• Caulfield Grammar
• Woolworths
• Wesley College
TRANSPORT
PA R K S & R E C R E AT I O N
• Glenhuntly Railway Station
• Caulfield Racecourse
• Tram (Route 67)
• Booran Reserve
• Bus (623 & 624)
• Princes Park • Rippon Lea Estate • Caulfield Park
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Property Particulars BUILDING DESCRIPTION: The two adjoining properties are combined into one contemporary office. The buildings have been meticulously renovated and extended to provide a stunning office with a a private courtyard at the front. If you want timeless SOHO COOL you have it here at 1068-1070 Glen Huntly Road!
BUILDING ACCOMODATION: The entry sits back from the street to the left hand side with a unique courtyard to the right. As you enter there are two substantial meeting rooms and a large open plan kitchen sitting behind. Connected to the kitchen are two large open plan spaces with a third to the rear. Upstairs is the fourth large open plan area. The building provides a stunning industrial feel with thoroughly modern fittings and natural light streaming in from all areas.
TITLE PARTICULARS: The property is contained within the following certificates of title
Volume: 5942 Folio: 295 Lot 4 & 5 on Plan of Subdivision 10119
LAND DIMENSIONS AND AREA: Glen Huntly Road Frontage: Western/Eastern Boundary: Southern Boundary:
10.36 metres * 33.52 metres * 10.36 metres *
Total Land Area:
347 sqm *
ZONING: Under the Glen Eira City Council Planning Scheme the zoning of the land is zoned Commercial 1 (CZ1). * approx.
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The two adjoining properties are combined into one contemporary office.
Financial and Tenancy Details
LEASE: Tenant:
Architecture by ACRD & Dave String
Rent:
$160,000 per annum plus GST
Term:
Five (5) year lease
Commencement:
July 1, 2021
Options:
One further term of three (3) years
Rent Reviews:
Annual 3% increases
Outgoings
All paid by the tenant
Security Deposit:
Equivalent to 6 month’s rent plus GST
OVERVIEW OF TENANT:
ACRD is a brand innovator of retail and commercial environments, specialising in interior design, graphic design, strategic development and branding. ACRD has created some of the most iconic Australian retail brands, from Platypus, Lovisa, The Athlete’s Foot, Forever New. We have also had the pleasure of collaborating with some of the best known international brands like BP, Nike, Levis, Puma Energy, Calvin Klein, A/X and Vans. ACRD deliver creative design solutions to retail stores that go beyond just the interiors; they develop the brand and interact with every touch point to deliver a tailored customer experience. www.acrd.com.au 18
SoHo Cool.
SALE METHOD
1068 - 1070
Glen Huntly Road G l e n H u n t ly
METHOD OF SALE
TERMS OF SALE
For Sale via Public Auction on Thursday 5th August 2021 at 12:00pm on-site
10% deposit with the balance payable on September 27, 2021.
INSPECTIONS
CONTRACT OF SALe & VENDORS S TAT E M E N T
Strictly by private appointment with the exclusive selling agents. An inspection will amaze you!
Available upon request.
EXCLUSIVE SELLING AGENTS
22
Rodney King
Jeremy Gruzewski
Fred Nucara
Director of Agency 0422 839 870 rodney@astoncommercial.com.au
Director of Agency 0422 211 021 jeremy@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
