1419 TOORAK RD. CAMBERWELL
FOR SALE BY AUCTION ON
THURSDAY 29TH APRIL AT 12PM ON-SITE
1419 TOORAK RD. CAMBERWELL
Contents
2
04
INTRODUCTION
08
EXECUTIVE SUMMARY
10
PROPERTY FEATURES
12
LOCATION
18
TENANCY DETAILS
20
PROPERTY PARTICULARS
26
SALE METHOD
1419 TOORAK RD. CAMBERWELL
Introduction
AN OPPORTUNITY YOU CAN BANK ON. Aston Commercial are pleased to offer 1419 Toorak Road Camberwell For Sale by Auction on Thursday 29th April at 12pm on-site.
Prominently located on Toorak Road only metres from Warrigal Road, this solid two level freehold building on a site of 444sqm* has been occupied by Westpac Bank for decades. Westpac will be vacating towards the end of the year allowing a myriad of options for the future owners. This is a unique opportunity to secure a substantial main road standalone building to occupy, invest or develop. Aston Commercial highly recommends this prime retail property for your serious consideration.
4
Executive Summary PROPERTY
LOCATION
1419 Toorak Road, Camberwell
Prominently located on Toorak Road metres from Warrigal Road in Camberwell.
DESCRIPTION
LEASE DETAILS
Substantial main road two level building.
Leased to Westpac Bank
LAND / BUILDING AREA
ZONING
Land Area: 444 sqm* Building Area: 350 sqm*
Zone: Commercial 1
METHOD OF SALE
TERMS OF SALE
For sale by Auction on Thursday 29th April 2021 at 12pm on-site.
10% deposit with settlement in 60-90 days.
at $113,474.94 p/a NET
EXCLUSIVE SELLING AGENTS
8
Rodney King
Liam Rafferty
Director Of Agency 0422 839 870 rodney@astoncommercial.com.au
Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au
Property Features 1419 Toorak Road Camberwell is a prominent freehold building with a frontage of 12m* to Toorak Road and a depth of 38m* providing a total land area of 444sqm*. Existing improvements include a substantial two storey commercial building of 350sqm* currently occupied by Westpac Bank. • Building Area: 350sqm* • Land Area: 444sqm* • Frontage: 12 metres* • Rear laneway access • Off street parking via R.O.W • Substantial rear Council Car Park • Flexible Commercial 1 Zoning • Significant upside with potential for multi-level mixed use development (STCA) *approx.
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1419 TOORAK RD. CAMBERWELL
Location 1419 Toorak Road Camberwell is located on the North side of Toorak Road near the corner of Warrigal Road approximately 10km* east of the Melbourne CBD within the municipality of Boroondara City Council. Camberwell is a refined and prestigious suburb with magnificent old trees, enviable period homes and lovely hilly shopping strips where trams trundle past boutiques and cafes along with fine supermarkets and stores, the pace here is stylish. With its schools, public transport, large period homes and relative proximity to the city, Camberwell is very popular with families whose kids are studying, as well as older couples and independent people who enjoy the relaxed, leafy style of Camberwell living.
Toorak Road Camberwell is a well-established and recognised local retail precinct known as the Burwood Village and is anchored by major retailers, independent operators and quality Food and Beveridge establishments. • Chemist Warehouse • Australia Post • Drummond Golf • IGA Camberwell • McDonalds • Leo’s Fine Foods • Chadstone Shopping Centre (4km) • Burke Road Camberwell (4.2km) • Box Hill Activity Centre (4km)
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With a tram on its doorstep, buses along Warrigal Road and a short distance to Burwood Train Station, access around the area and across Melbourne could not be any easier. • Trams along Toorak Road • Burwood Railway Station 1.4km away* • Buses along Warrigal Road • M1 Monash Freeway
This location is well established with globally recognised education facilities. • Deakin University • Holmesglen Institute • Emmaus College • Presbyterian Ladies College • Mount Scopus College • Siena College • St. Domenic’s & St. Benedict’s
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Tenancy Details
Westpac Banking Corporation, known simply as Westpac, is an Australian bank and financial services provider headquartered in Sydney, Australia.[2] Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1982 before being renamed shortly afterwards. It is one of Australia’s “big four” banks and is Australia’s first and oldest banking institution. Its name is a portmanteau of “Western” and “Pacific”. As of March 2018, Westpac has 14 million customers, and employs almost 40,000 people.
TENANCY DETAILS Tenant Rent Term Commencement
Westpac Banking Corporation $ 113,474.94 p/a NET Two (2) years 15th December 2019
Options NIL Outgoings
18
100% Paid by tenant
Property Particulars
TITLE PARTICULARS Volume 9106 Folio 099
LAND DIMENSIONS AND AREA Toorak Road Frontage
11.75 metres*
Depth
37.75 metres*
Total Land Area: *approx.
20
444 square metres*
1419 TOORAK RD. CAMBERWELL
Artist’s impression only. May not be to scale. Dimensions are approximate. 21
*approx.
Sale Method
METHOD OF SALE
TERMS OF SALE
For sale by Auction on Thursday 29th April 2021 at 12pm 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
26
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 This document has been prepared by Aston Commercial Pty Ltd for advertising and general information only. Aston Commercial Pty Ltd do not guarantee, warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Aston Commercial Pty Ltd excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising therefrom. *Approximate
