LEVEL 2 201 FITZROY STREET ST KILDA
FOR PRIVATE SALE
“On the doorstep of everything Melbourne.”
LEVEL 2 201 FITZROY STREET ST KILDA
LEVEL 2 201 FITZROY STREET ST KILDA
CONTENTS INTRODUCTION 06 EXECUTIVE SUMMARY
08
TENANCY DETAILS
10
PROPERTY DETAILS
12
TENANCY DETAILS
14
LOCATION 16 WHY BUY?
18
SALE METHOD
22
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LEVEL 2 201 FITZROY STREET ST KILDA
INTRODUCTION
Aston Commercial are pleased to offer Level 2, 201 Fitzroy Street, St Kilda via exclusive private sale. This is an absolutely stunning whole floor office with a strong lease to one of the country’s leading property developers, Pace Development Group. Located at the top end of Fitzroy Street this property is strengthened by its views over Albert Park, Junction Oval and Melbourne CBD. With its secure long term lease, high end fitout and amenities this property is strengthened by its prime city fringe location we strongly recommend this tenanted investment for your consideration. 6
“An exceptional office fit out, with secure income in an unbeatable St Kilda location.”
EXECUTIVE SUMMARY
PROPERTY
LOCATION
Level 2, 201 Fitzroy Street, St Kilda
This supreme location at the foot of St Kilda junction offers first class connectivity to Melbourne’s CBD via St Kilda Road along with easy access to the suburbs via Punt Road & Nepean Highway.
DESCRIPTION
LEASE DETAILS
A modern whole floor office across two titles leased as one to a single tenant with sweeping views across Fitzroy Street & Albert Park.
Currently leased to Pace Development Group on a Five (5) year lease with options at a rental of $282,505 pa.
BUILDING AREA
ZONING
802sqm* plus a terrace balcony of 50sqm* and 4 car parks
Commercial 1 (C1Z)
*Approx.
METHOD OF SALE
TERMS OF SALE
Exclusive Private Sale
10% deposit with the balance payable upon settlement in 60 or 90 days.
EXCLUSIVE SELLING AGENTS
8
Jeremy Gruzewski
Liam Rafferty
Director of Agency 0422 211 021 jeremy@astoncommercial.com.au
Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au
TENANCY DETAILS OVERVIEW OF TENANT Pace Development Group is a Melbourne-based team with over 27 years’ experience and over 100 sold-out developments delivered to date. With notable developments across major city fringe and bayside locations.
Tenant
Pace Development Group Pty Ltd
Current Rent
$282,505
Term
5 years
Lease Commencement
8th September 2018
Lease Expiry
7th September 2023
Options
4 x 3 years
Review
3.25%
Bank Guarantee
4 months
Lease is available in full upon request
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Terrace
Board Room
Lobby
Whole floor offering of 802sqm
PROPERTY DETAILS
LEVEL 2 201 FITZROY STREET ST KILDA
BUILDING IMPROVEMENTS
MEE RO
TERRACE
50 sqm
WA I T I N
This tenancy has a substantial modern fit out which includes:
• Front Foyer and Reception area • Multiple Boardrooms • Server Room
RECEPTI
• Private Offices • Male & Female amenities including shower • Separate tearoom and staff lunchroom • Terrace overlooking Fitzroy Street & Junction Oval • Staff parking for four (4) vehicles
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MEETIN ROOM
TITLE PARTICULARS Level 2, 201 Fitzroy Street, St Kilda Volume: 10292
Folio: 755
Volume: 10292
Folio: 754
Total Building Area: 802 sqm* *Approx
MEETING ROOM
MEETING ROOM
ETING OOM
NG
ION
NG M
50 sqm LO B BY
752 sqm
LU N C H R O O M
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LEVEL 2 201 FITZROY STREET ST KILDA
TENANCY DETAILS
PACE DEVELOPMENT GROUP Pace Developments celebrated its 100th residential project delivered, marked by the settlement of Pace of Collingwood. Over the company’s 27-year lifespan, Pace has led the evolution of Melbourne’s urban fabric, delivering 2,011 homes and 95 commercial spaces across 100 project triumphs The company led expansion into new suburban territories, introducing new ways of living in suburbs such as Carnegie, Doncaster East and most recently Blackburn and Ascot Vale, most of which proudly carry the ‘Pace of’ moniker. Kicking off Pace’s next century of projects, the industry-leading company will soon unveil its highly-anticipated plans for its Flemington site, a never before seen project on the grounds of Melbourne’s famous Flemington Racecourse. www.pacedg.com.au
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Doncaster East
Sydney Road
Collingwood
St Kilda Road
Langridge Street
Abbotsford
15
A PLACE THAT IS CONNECTED... Connection to and from the Melbourne CBD is direct, easy and convenient. A short ten minute drive south of the Melbourne CBD and you will find yourself in St Kilda, a pocket of Melbourne characterised by a diverse mix of business, trendy, bohemian and vibrant day-time activity and bustling nightlife. It is an ideal location to live, work and play.
201 Fitzroy Street offers first-class fast and easy connectivity to the Melbourne CBD, St Kilda Road, St Kilda Beach, the Eastern suburbs, and the Bellarine and Mornington Peninsulas.
St Kilda Road is one of Melbourne’s major arterial thoroughfares and lining this tree-lined boulevard is many of Melbourne’s most substantial office buildings and prestigious residential towers. 16
ST KILDA
St Kilda is Melbourne’s famous bayside suburb widely regarded as one of Melbourne’s most eclectic and thriving metropolitan hubs, St Kilda caters to all niches of Melbourne’s booming population. St Kilda has seen a transformation over the last decade brought about by increasing gentrification, along with infrastructure and housing improvements driving up rents and house prices across St Kilda and neighbouring suburbs.
The vibrant surrounds of St Kilda host a number of Melbourne’s major international sporting and cultural events each year, including the Australian Formula One Grand Prix, St Kilda Festival and the St Kilda Film Festival. 17
WHY BUY?
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LAND TAX
LEASE
LIFESTYLE
Strata properties have minimal annual land tax which means you are not eating into your net returns.
Existing Five (5) year lease with option until 2035 and fixed annual increases of 3.25%.
Everything is on your doorstep from cafes, restaurants, bars and parks this location ticks all the boxes for tenants and occupiers.
TENANT
FLEXIBILITY
PARKING
A sound tenant with a proven history and strong pipeline of projects give you confidence in their ability to service the rental.
With open plan space and two titles this property has the ability to suit multiple tenants in the future.
Not only is the property highly accessible it also has onsite secure parking for four vehicles.
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LEVEL 2 201 FITZROY STREET ST KILDA
“An office that provides the ultimate work life balance.”
SALE METHOD
LEVEL 2 201 FITZROY STREET ST KILDA
METHOD OF SALE
TERMS OF SALE
Exclusive Private Sale
10% deposit with the balance payable upon settlement in 60 or 90 days
INSPECTIONS
CONTRACT OF SALE & VENDORS STATEMENT
Inspections via appointment with the exclusive selling agents
Available upon request
EXCLUSIVE SELLING AGENTS
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Jeremy Gruzewski
Liam Rafferty
Director of Agency 0422 211 021 jeremy@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
