661-663 VICTORIA STREET ABBOTSFORD SUITE 6 For Sale by Expressions of Interest closing on Thursday 18th May 2023 at 3pm
Tranquility heart of
6. Executive Summary 10. Property Particulars 10. Building Improvements 14. Tenancy Details 16. Suburb Profile 20. Why Buy? 24. Sale Method CONTENTS 661-663 VICTORIA STREET ABBOTSFORD SUITE 6
in the of the action 3
Tranquility
Aston Commercial are pleased to offer Suite 6, 661-663 Victoria Street, Abbotsford For Sale by Expressions of Interest closing on Thursday 18th May at 3pm. BUY ME. 4
I’m secure. 7 year lease to strong tenant I’m Valuable. Solid return of $160,683pa I’m Fresh. Recently refurbished high quality fit-out 5
SUITE 6
661-663 VICTORIA STREET ABBOTSFORD
Stunning refurbished modern office, complimented by tranquil Yarra River views and long term lease to strong tenant.
LOCATION
Located just 2km East of the Melbourne CBD and directly opposite the iconic Victoria Gardens Shopping Centre which is home to a number of high quality, national retailers
BUILDING AREA
423 sqm*
LEASE DETAILS
Currently leased on a seven (7) year lease to Thrive PR & Communications with an annual rental of $160,683 + GST + Outgoings
CAR PARKS
Five car spaces on title
ZONING
Commercial 1 Zone – C1Z
METHOD OF SALE
For Sale by Expressions of Interest closing Thursday 18th May 2023 at 3:00pm
*approx
EXCLUSIVE SELLING AGENTS
Jeremy Gruzewski
Executive Director 0422 211 021
jeremy@astoncommercial.com.au
Joshua Colosimo
Agency Executive 0413 790 309
joshua@astoncommercial.com.au
EXECUTIVE SUMMARY
6
victoria street burnley street 661-663 VICTORIA STREET ABBOTSFORD SUITE 6
yarra river
main yarra trail
melbourne cbd 2km*
PROPERTY PARTICULARS
TITLE PARTICULARS
The property is outlined on the Certificate of Title as follows
Volume: 07130
Folio: 854
Crown Allotment 3 Section 25 on Title Plan 317560F
Total Building Area: 423 square metres*
*approx.
ZONING
Under the Yarra City Council Planning Scheme the land is zoned Commercial 1 – C1Z
PARKING
The property comes with Five car spaces on title
BUILDING IMPROVEMENTS
The property is beautifully presented and recently underwent a major refurbishment which incorporates the following spaces:
• Open plan workstations
• Male/female bathroom amenities
• Staff kitchen
• Boardroom
• Private offices
• Private meeting rooms
10
bridge road 661-663 VICTORIA STREET ABBOTSFORD SUITE 6 yarra river Route 109 Enormous staff amenity immediately surrounds the property
street
burnleystreet port phillip bay victoria
TENANCY DETAILS
Tenant Business Name: Thrive PR & Communications Pty Ltd (ACN: 089 554 530)
Current Annual Rent: $160,683 + GST
Term: Seven (7) years
Commencement: 14th January 2021
Options: Three (3) + Three (3) years
Rent Review: Fixed 3.5% annual increases
Outgoings: Paid by tenant
Security: Bank Guarantee of 3 months rent + GST
OVERVIEW OF TENANT
Thrive is Australasia’s largest independently owned public relations agency that is on a mission to use the power of communications to help its people, partners and communities grow vigorously, flourish and be successful. Founded in Melbourne with a cemented footprinted in the Victorian market since 2000, Thrive’s 95+ person team is made up of in-house media, creative and digital specialists who work across six locations in Melbourne, Sydney, Brisbane, Gold Coast, Perth and Auckland. The agency delivers strategic communications and digital services for some of the world’s leading and local brands.
https://www.thrivepr.com.au/
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SUBURB PROFILE
Abbotsford is a highly sought after suburb located in Melbourne’s inner-eastern city fringe.
Situated just 2 kilometres from the Melbourne CBD, Abbotsford is a popular residential area and is home to young professionals and families alike whilst also being underpinned by a thriving commercial precinct with large numbers of people venturing to the popular Victoria Gardens Shopping Centre which is located directly opposite the property and home to a vast array of national retailers.
Abbotsford is known for it’s diverse mix of Victorian and modern architecture, picturesque gardens and scenic riverfront parks.
Transport into Abbotsford is serviced by various public transport options including train, tram and buses which regularly service Victoria Street and provide direct routes into the Melbourne CBD.
The Eastern Freeway (M3) is also located just a stone’s throw away from the property making it convenient for those looking to come to the location by car.
Some nearby businesses and infrastructure include:
• IKEA
• Kmart
• Terminus Hotel Abbotsford
• Freedom Furniture
• JB Hi-Fi
• Coles
• Rebel Sport
16
street
victoria
burnley street hoddle street
melbourne cbd 2km*
661-663 VICTORIA STREET ABBOTSFORD SUITE 6
WHY BUY?
Expansive building area of 423 sqm*
Secure lease of seven years –Commenced in January 2021
Current annual rental of $160,683 + GST + Outgoings
20
Five car spaces on title
Recently refurbished with high quality and modern internal fitout
Outstanding city fringe location with Yarra River views
21
Recently refurbished high quality fit-out
EXCLUSIVE SELLING AGENTS CONTRACT OF SALE & VENDORS STATEMENT Available upon request TERMS OF SALE 10% deposit with the balance payable in 60/90 days INSPECTIONS Strictly by appointment with the exclusive selling agents METHOD OF SALE For Sale by Expressions of Interest closing on Thursday 18th May 2023 at 3pm SALE METHOD Jeremy Gruzewski Executive Director 0422 211 021 jeremy@astoncommercial.com.au Joshua Colosimo Agency Executive 0413 790 309 joshua@astoncommercial.com.au 661-663 VICTORIA STREET ABBOTSFORD SUITE 6 24
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Thinking of Selling?
Great sales results always get talked about. The work that makes them happen, usually doesn’t.
There’s so much smoke around sales, that it’s hard to even talk about it in a brochure without a smile. Everyone makes claims, but the obvious truth, is not everybody is equally good at this.
OUR SALES DNA
One of the differences at Aston Commercial, is that while what we say might be called an “opinion”, it’s always based on evidence. We do our homework first and talk later.
Another difference is that for us, sales is very much a whole team exercise, where there are many players and all our departments work together in the pursuit of the best result.
TRUSTED TACTICAL
The experience of our team members are reinforced by Client testimonials, which lead us to being more than a real estate agent, but a trusted advisor
Deciphering the highest and best use and positioning your property through the implementation of elite marketing across all mediums
TENACIOUS
A relentless “never give up” attitude focused on the Client destination
Contact Aston Commercial for a confidential and strategic conversation about your property.
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