The Corner Stone | Quarter 3, 2021 by Crabtrees Real Estate

THE CORNER STONE QUARTER 3, 2021 Oakleigh

03 9567 8888 Dandenong

03 8795 4888

crabtrees.com.au

TO KEEP UP TO DATE

WITH OUR LATEST RESULTS NEW LISTINGS AND MARKET INFORMATION

WELCOME TO THE NEXT EDITION OF THE CORNER STONE! WHERE YOU WILL FIND INFORMATION ON OUR CURRENT DEVELOPMENTS, FEATURE PROPERTIES AND LATEST NEWS FROM THE CRABTREES TEAM. The unprecedented demand for industrial facilities in the southeast by owner occupiers is at an all time high and supply in the market at an all time low. Buyers are looking at creative ways to source their requirements from looking at industrial land they can develop, older style buildings they can redevelop and presenting offers to buy assets listed on the market for Lease. Such demand has created an extremely competitive environment at auction and with expressions of interest campaigns with Vendors achieving higher than expected results as buyers compete fiercely. Our recent results demonstrate the level of enquiry and demand our team at Crabtrees Real Estate are witnessing. This is reflected in the our recent results on pages 4 and 5 of this publication. If you are curious to know what your asset may be worth in this current market, please contact the Crabtrees Real Estate team on 9567 8888 for a confidential discussion.

RECENT SALES RESULTS R D FO SOL LOSED ISC UND

ROWVILLE

897 WELLINGTON ROAD

R D FO SOL ILLION 35 M $4.8

CLAYTON

46-50 SARTON ROAD

• Unique industrial facility of 2,400 sqm*

• Factory warehouse of 2,700 sqm*

• Total land area 5,210 sqm*

• Warehouse: 2,330 sqm* Office: 370 sqm*

• Warehouse: 1,200 sqm* Office: 370 sqm*

• Site area of 3,820 sqm*

• Covered hard stand of 900 sqm*

• Solar power & heavy power supply

• Originally offered for Lease

• Over 50 qualified buyers

R D FO ON L O S I MILL 1 1 4 . $1

OAKLEIGH

45 JOHN STREET

R D FO N L O S IO MILL 5 6 . $2

OAKLEIGH

43 - 45 CONNELL ROAD

• Street fronting warehouse of 436 sqm*

• Freestanding warehouse of 736 sqm*

• On own title of 588 sqm*

• Freehold title on a site of 1,122 sqm*

• Over 150 registered enquiries

• Over 120 registered enquiries

• 43 bids at auction

• 37 bids at auction

• Opening bid $1.15 Million

• Opening bid $1.8 Million

R D FO SOL ILLION M $1.54

BAYSWATER

12 SCORESBY ROAD

R D FO SOL LLION MI $1.2

MURRUMBEENA 80 POATH ROAD

• Warehouse/showroom of 568 sqm*

• Main road freehold with site of 222 sqm*

• Freehold title on 950 sqm* land

• Prime retail space of 160 sqm*

• Industrial 1 zone land

• Commercial 1 zoning

• Over 100 registered enquiries

• Ideal for mixed use development

• 5 active bidders at auction

• Returning $29,220.60 pa net

Built on knowledge.

RECENT LEASING RESULTS FOR SED a net A E L p ,000 5 6 1 $

CLAYTON

1418 CENTRE ROAD

FOR SED a net A E L p ,000 0 7 1 $

BRAESIDE

55 - 57 LAKEWOOD BOULEVARD

• Showroom warehouse of 1,166 sqm*

• Office: 321 sqm* Warehouse: 1,416sqm*

• Bright air-conditioned showroom

• Versatile two level offices

• Well appointed offices

• Excellent internal warehouse clearance

• High clearance warehouse

• 2 x Container height roller doors

• Leased on a 5 x 5 x 5 year term

• Leased on a 5 x 5 year term

OR ED F net S A a LE 00 p 0 , 0 $16

KNOXFIELD 9 BRAND ROAD

VIAIGN SED A MPA A E L OK C EBO

FAC

HUNTINGDALE 15 CLIFFORD STREET

• Partitioned office of 196 sqm*

• Modern office warehouse of 779 sqm*

• Solid warehouse of 1,344 sqm*

• Fitted as Church with full auditorium

• Huge side and rear yard; 5 roller doors

• Air conditioned & partitioned offices

• Drive around and drive through ability

• Acoustic tile ceilings; Great car parking

• Leased on a 5 x 5 year term

R D FO et E S LEA 0 pa n 76 $78,

KEYSBOROUGH 41 - 43 PACIFIC DRIVE

TO SED OLS LEA TO NEY D Y S

SCORESBY

1340 FERNTREE GULLY ROAD

• Office/showroom/warehouse of 716 sqm*

• Total building of 3,600 sqm*

• High bright warehouse of 489 sqm*

• Versatile building that has various areas

• A/C office/showroom of 227 sqm*

• Site area of 6,295 sqm*; 45 car spaces

• Handy rear yard with wash bay

• High electricity supply & gas available

• Leased on a 5 x 5 year term

• Leased on a 7 x 5 x 5 year term

crabtrees.com.au

FOR SALE

FEATURE PROPERTIES

93-101 Poath Road, MURRUMBEENA

10 Meriton Place, CLAYTON SOUTH

OUTSTANDING DEVELOPMENT SITE • Total site area of 1,593 sqm* • One (1) title with five (5) shops

OWNER OCCUPIER OPPORTUNITY • Office/warehouse of 500 sqm* • Freehold title on site of 678 sqm* • Three street frontages plus rear lane access • Brand new roof • Zoning Commercial 1

• Corner property with 3 access points

• Currently returning $153,670 pa net

• Secure rear storage yard

EOI Closing Wednesday 21st July at 4pm

AUCTION Thursday 29th July at 11am

Chris McKenzie 0418 321 065

Joe Monea 0448 486 665

15/140-148 Chesterville Road, CHELTENHAM

98 Railway Road, BLACKBURN

THE PRIME CORNER INVEST WITH UPSIDE • Office/warehouse of 450 sqm* • Total building area of 147 sqm* • Light filled offices over 2 levels of 200 sqm* • Land area of 134 sqm* with ROW access • Commercial 1 zoned • Each office level with amenities • Returning $38,616 pa net • High clearance warehouse of 250 sqm* • Three (3) year lease from 21st May 2021 AUCTION Thursday 29th July at 1pm

Gavin Dumas 0411 878 423

AUCTION Friday 30th July at 1pm

Megan Miles 0401 288 800

FOR SALE

FEATURE PROPERTIES

1/107 HIghbury Road, BURWOOD

357 North Road, CAULFIELD SOUTH

PRIME MAIN ROAD INVESTMENT • Leased to Abbeys Auctions • Five (5) year lease from 15 January 2020 plus one further term of five (5) years • Current returning $77,250 pa net • Annual 3% increases • Showroom/office/warehouse of 377 sqm* AUCTION Friday 6th August at 1pm

INVEST/OCCUPY/IMPROVE

Chris McKenzie 0418 321 065

Saul Akoka 0427 632 030

2/993 North Road, MURRUMBEENA

1/16-18 Levanswell Road, MOORABBIN

• Retail shop and 2 large workshop areas • Rear laneway access • Two (2) upstairs offices • Total building area 224 sqm* • Total land area 205 sqm* AUCTION Wednesday 4th August at 11am

PROMINENT SHOWROOM/WAREHOUSE • Total building area of 720 sqm* • Main road showroom/warehouse • Ground floor showroom/retail of 275 sqm* • First floor carpeted office of 275 sqm* • High clearance warehouse of 170 sqm* • Rear roller-door access; 7 car spaces

CALLING ALL OWNER OCCUPIERS • Total building area of 922 sqm* • Highly exposed corner site of 1,310 sqm* • Warehouse of 655 sqm* & roller doors • First floor office space of 159 sqm* • Additional mezzanine office of 108 sqm* • 17 car spaces both open and under croft

Also Available For Lease

EOI Closing Thursday 12th August at 4pm

Saul Akoka 0427 632 030

Megan Miles 0401 288 800

*Approx

FOR LEASE

FEATURE PROPERTIES

41-51 Monash Drive, DANDENONG SOUTH

227-243 Wellington Road, MULGRAVE

HIGH CLEARANCE LOGISTICS FACILITY • Total building area of 15,830 sqm* • Warehouse area of 15,001 sqm* • Office area of 829 sqm* • 8 recessed loading docks • 6 on grade roller doors • 1,660 sqm* drive through super awning • Extensive hardstand area

STATE OF THE ART DISTRIBUTION CENTRE • Option 1 - 19,694 sqm* • Option 2 - 10,090 sqm* or 9,927 sqm* • 30 metre warehouse clearance • Multiple roller shutter doors • Loading dock facilities • Ample parking & drive through capability

Grant Tishler 0417 552 919

100 Fox Drive, DANDENONG SOUTH

43-49 Redwood Drive, DINGLEY VILLAGE

READY TO MOVE • Total building area of 1,248 sqm* • Total warehouse area of 994 sqm* • High quality office showroom of 197 sqm* • Additional mezzanine storage of 57 sqm* • Container height roller door • Secure electric gates; 19 on site car spaces

HEIGHT, ACCESS, GAS & POWER! • Total building area of 4,447 sqm* • Warehouse area of 4,054 sqm* • Office area of 393 sqm* • Large hardstand ideal for truck access • Large power supply and access to gas • Springing height of 8.5 metres*

Andrew Loudon 0422 618 975

Chris McKenzie 0418 321 065

FOR LEASE

FEATURE PROPERTIES

31-33 Westpool Drive, HALLAM TOP OF THE HILL AT WESTPOOL • Total building area of 2,230 sqm* • Substantial land holding of 3,295 sqm* • Warehouse of 1,928 sqm* • Dual level offices of 302 sqm* • Warehouse clearance of 6.9 m* • Dual roller door access

Pana Kritikos 0418 358 700

863a Princes HIghway, SPRINGVALE PRIME RETAIL / SHOWROOM • Retail showroom and warehouse of 725 sqm* to 1,700 sqm* • Excellent opportunity within rapidly developing showroom precinct • Large on site car park front and rear • Kitchenette and toilets amenities • Close to Springvale Homemaker Centre

Saul Akoka 0427 632 030

57-63 Nantilla Road, CLAYTON

LOCATION, SIZE & FLEXIBILITY Option 1 – 57- 59 Nantilla Road, Clayton • Dual level offices of 1,300 sqm* • Warehouse area of 3,786 sqm • 7 roller doors including loading dock Option 2 – 61-63 Nantilla Road, Clayton • Ground floor office 650 sqm* • Warehouse area of 3,304 sqm* • 5 roller doors including loading dock

Chris McKenzie 0418 321 065

58 Carroll Road, OAKLEIGH SOUTH

QUALITY OFFICE WAREHOUSE • High & bright office/warehouse of 594 sqm* • Showroom area ideal for trade showroom • Partitioned offices & open plan work spaces • Warehouse of 360 sqm* with internal clearance of up to 6.5m* • 3 phase power • Container height roller door

Joe Monea 0448 486 665

*Approx

KNOW THE TEAM Crabtrees Real Estate once again hosted a “Biggest Morning Tea” to help the Cancer Council raise much needed funds that go towards vital cancer research, support services, prevention programs, and advocacy. The team enjoyed an amazing spread of homemade treats and collectively, with donations received online and staff contributions raised $1,391 for the Cancer Council and we could not be prouder. This is a cause close to all our hearts and we know every contribution counts so a huge shout out to the entire team and those that have donated to our page.

Built on knowledge.

KNOW THE TEAM CRABTREES KNOW REAL ESTATE. BEING IN THE MARKET SINCE 1955 GIVES YOU A LEVEL OF KNOWLEDGE OTHERS CAN’T MATCH. IF THERE IS ONE THING YOU WANT WHEN IT COMES TO A REAL ESTATE AGENT. IT’S KNOWLEDGE. KNOWLEDGE BUILT ON VAST EXPERIENCE. KNOWLEDGE THAT CAN BE DRAWN ON FROM YEARS IN THE BUSINESS. KNOWLEDGE THAT TELLS YOU HOW YOU SHOULD DO BUSINESS.

crabtrees.com.au

OUR TEAM IS SALES & LEASING CHRIS MCKENZIE

GAVIN DUMAS

Director

0418 321 065

0411 878 423

0417 552 919

KERRI BEINKE

LUKE PITCHER

General Manager

Manager Project Marketing

ANDREW LOUDON

0407 308 835

0417 055 578

0422 618 975

MEGAN MILES

SAUL AKOKA

ELISE BETTS

Senior Executive

0401 288 800

0427 632 030

0407 864 319

PANA KRITIKOS

MICHELLE GRACE

JOE MONEA

GRANT TISHLER Director

Senior Executive

Executive

Marketing Manager

0448 486 665

0418 358 700

0405 150 548

ASHLEIGH DI GREGORIO

CHRISTINE GREY

Marketing Assistant

Sales Administration

Executive

YOUR TEAM PROPERTY MANAGEMENT MAGGIE TARANTO

Director - Head of Property Management

Senior Property Manager

0438 084 862

0435 876 185

0418 551 761

JUSTIN MUCHA

SERGIO SJAHLIM

OWEN ZHANG

Property Manager

0448 054 587

0429 152 557

0418 159 953

CHRISTINE HATGES

RENAE KERRISON

Assistant Property Manager

YITIAN CAI

MIKI MA

JADE WHITING Assistant Property Manager

LINH HUYNH Trust Accounting

Oakleigh

AMANDA HART

THOMAS WETTON

03 9567 8888

Trust Accounting

Dandenong

03 8795 4888

VISIT US

AT CRABTREES.COM.AU

PROJECT MARKETING Hold on for the ride! That is my advice as prices and sales continue to soar with buyers scrambling to secure their slice of industrial real estate. With limited supply and high demand if you were thinking of selling your asset now is the ideal time. At the time of writing this we have only 8 buildings left for sale at Fairbank Hub with a further 3 buildings currently under negotiation. Settlements are due mid-August. Westernport Workspaces was released to the market in June with all buildings being placed under reservation within 72 hours of launching. Prices here started at $225,000. We are pleased to announce that L-One is almost complete and expected to be handed over next month with a promising number of leasing transactions currently in negotiations. Prominently located at 87 Princes Highway, Dandenong adjacent to the South Gippsland Freeway, L-One offers immediate access to the M1 Monash Freeway. This site features office, retail and warehousing of various sizing to suit your leasing needs. Stay tuned for developments.

some

exciting

upcoming

Luke Pitcher Manager - Project Marketing

CONTENTS FAIRBANK HUB

140 Fairbank Road, Clayton South Architecturally designed warehouses plus a cafe in the heart of Clayton’s industrial precinct.

WESTERNPORT WORKSPACES

2141 Frankston Flinders Road, Hastings Brand new architecturally designed warehouses with high quality fittings throughout.

L-ONE BUSINESS PARK

87 Princes Highway, Dandenong South Brand new business park offering offive, warehouse and retail options for lease.

Built on knowledge.

LOCATION MAP These business parks are strategically located throughout Melbourne’s south eastern corridor and positioned with convenient access to major arterials providing excellent access for owners, tenants and their customers.

EASTERN FREEWA Y

MELBOURNE CBD

Nunawading

M1 F REE WA Y

EASTLINK

St Kilda

Knoxfield

Oakleigh

Brighton

FAIRBANK HUB

Notting Hill

Clayton

S CE IN PR

Moorabbin

AY W EE FR

Highett

Cheltenham

M 1F RE EW AY

Mentone Dandenong

Keysborough

AN PE NE

Dandenong South

AY HW HIG Cranbourne

FORSALE LEASE FOR OR LEASE

MELBOURNES BEST SELECTION OFOF BUSINESS PARKS MELBOURNES BEST SELECTION BUSINESS PARKS

OFFICES / WAREHOUSE / RETAIL OFFICES / WAREHOUSE / RETAIL

INDUSTRIA NUNAWADING GREENLINK BUSINESS PARK FAIRBANK THOMPSONS HUB BASE CRANBOURNE WEST NEARING COMPLETION WITH OVER 25% SOLD DURING CONSTRUCTION. 23 ARCHITECTURALLY DESIGNED WAREHOUSES PLUS A CAFE IN THE HEART OF THE CLAYTON’S INDUSTRIAL PRECINCT. Sizes range from 130 sqm - 231 sqm Prices start at $499,500 + GST Key features include: • • • • • • • • •

Roller door access Unisex disabled toilets Allocated car parking Securely fenced and gated Build your own office to your specifications Flexible Industrial 1 zoning Ideal for business, storage or investment Tax depreciation benefits Due for completion August 2021

Oakleigh 03 9567 8888

Dandenong 03 8795 4888

Luke Pitcher 0417 055 578 Chris McKenzie 0418 321 065 Joe Monea 0448 486 665

140 Fairbank Road, CLAYTON SOUTH Lot Number

Total (m²)

Rent (excl GST)

Sale Price (excl GST)

Lot Number

Total (m²)

Rent (excl GST)

Sale Price (excl GST)

176

Contact Agent

106

SOLD

217

$35,805

$799,500

107

SOLD

159

$27,030

SOLD

129

SOLD

159

$27,030

$599,500

130

$22,100

$499,500

159

$27,030

$599,500

130

$22,100

SOLD

159

SOLD

143

$24,310

$550,000

159

$27,030

$599,500

143

$24,310

SOLD

145

SOLD

143

$24,310

$550,000

145

SOLD

143

SOLD

145

$24,650

SOLD

143

SOLD

145

$24,650

$550,000

145

SOLD

145

SOLD

231

$41,000

SOLD

Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST.

FOR SALE

MELBOURNES BEST SELECTION OF BUSINESS PARKS

OFFICES / WAREHOUSE

WESTERNPORT WORKSPACES

AYS D 3 IN

ITH

ED W V R ESE

ITS R N U LL

WESTERNPORT WORKSPACES BRAND NEW ARCHITECTURALLY DESIGNED WAREHOUSES WITH HIGH QUALITY FITTINGS THROUGHOUT Available areas: 92 sqm - 159 sqm Prices from $225,000 + GST Key features include: • Spacious mezzanine office level (selected lots only)* • Reverse cycle heating/cooling in office* • Quality fitted kitchenette with stone benchtops • Bathroom with shower facility and designer matte black tapware • Light-filled entry • Polished concrete floors* • High quality commercial grade carpet* • Container-height roller door • Approximately 7 metre internal clearance • Designated on-site car parking for staff and clients

•

Energy efficient lighting

Oakleigh 03 9567 8888

Dandenong 03 8795 4888

Pana Kritikos 0418 358 700 Andrew Loudon 0422 618 975

AYS D 3 IN

ITH

ED W V R ESE

ITS R N U LL

2141 Frankston Flinders Road, HASTINGS Unit

Ground (m²)

Mezzanine (m²)

Total (m²)

Unit

Ground (m²)

122

160

121

123

Total (m²)

Unit

Ground (m²)

115

134

113

158

115

124

115

120

118

120

162

124

159

121

113

155

131

122

157

110

150

119

109

119

154

107

117

158

109

111

Mezzanine (m²)

Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST.

Mezzanine (m²)

Total (m²) 115

154

109 40

147 109

152

FOR LEASE FOR LEASE

MELBOURNES BEST SELECTION OFOF BUSINESS PARKS MELBOURNES BEST SELECTION BUSINESS PARKS

OFFICES / WAREHOUSE / RETAIL OFFICES / WAREHOUSE / RETAIL

INDUSTRIA NUNAWADING GREENLINK BUSINESS PARK L-ONE THOMPSONS BUSINESS BASE PARK CRANBOURNE WEST BRAND NEW BUSINESS PARK OFFERING OFFICE, RETAIL & WAREHOUSE SPACES PLUS A CAFE Sizes range from 170 sqm - 571 sqm Due for completion July, 2021 Pricing upon request Key features include: • • • • • • • • • •

Multiple size ranges available 212 sqm of food grade space Flexible building sizes that can be combined to larger areas High internal warehouse clearance Motorised container height roller door Modern kitchenette facilities Fronting Princes Highway Ample parking Surrounded by all the major amenities High quality finishes

Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST. Oakleigh 03 9567 8888

Dandenong 03 8795 4888

Andrew Loudon 0422 618 975 Megan Miles 0401 288 800 Grant Tishler 0417 552 919

87 Princes Highway, DANDENONG SOUTH Ground Floor Office (m2)

First Floor Office (m²)

Unit

Ground Floor Warehouse (m2)

First Floor Warehouse (m²)

1-4

272

127

399

395

126

521

6 - 10

201

291

Total (m2)

13 - 16

185

177

362

184

176

360

17 & 18

208

184

176

568

16 & 19

209

185

177

571

15 & 20

209

185

177

571

14 & 21

209

185

177

571

13 & 22

209

185

177

571

23 - 30

114

170

Office 11 Office 1/11a Office 2/11a Cafe’

227 256

256

256 212

PREVIOUS PROJECTS SNAPSHOT M-INC 105-115 Cochranes Road, Moorabbin 36 OFFICE WAREHOUSES, WAREHOUSES & CAFE’ • Sizes from 236sqm - 717sqm • SOLD OUT 2020

INDUSTRIA NUNAWADING 31-39 Norcal Road, Nunawading 71 STRATA OFFICES & OFFICE WAREHOUSES • Sizes: 91sqm – 400sqm • SOLD OUT AND FULLY LEASED 2020

AERO BUSINESS PARK 26-30 Kembla Street, Cheltenham 9 OFFICE WAREHOUSES • Sizes: 191sqm – 202sqm • FULLY LEASED 2020

THE QUADRANT 1-9/38-42 Wannan Street, Highett 9 OFFICE WAREHOUSES • Sizes from 144sqm • SOLD OUT 2020

KEYLINK 138 Indian Drive, Keysborough 8 OFFICE WAREHOUSES • Sizes: 232sqm – 407sqm • SOLD OUT 2019

For further details contact Luke Pitcher on 0417 055 578

PREVIOUS PROJECTS SNAPSHOT THOMPSONS BASE 7-11 Whitfield Boulevard, Cranbourne 12 SHOWROOM WAREHOUSES + STORAGE • Sizes: 117sqm - 325sqm • SOLD OUT 2019

PARK LANE 55-57 Whiteside Road, Clayton South 7 WAREHOUSES • Sizes from 197sqm - 226sqm • SOLD OUT 2018

INDUSTRIA KNOXFIELD 1470 Ferntree Gully Road, Knoxfield 88 OFFICE WAREHOUSES • Sizes: 132sqm – 230sqm • SOLD OUT 2018

PRECISION BUSINESS PARK 1-8 Precision Lane, Notting Hill 8 OFFICE WAREHOUSES • Sizes: 323sqm – 326sqm • SOLD OUT 2018

61 WESTMINISTER STREET, OAKLEIGH 7 FREEHOLD OFFICE WAREHOUSES • Sizes 266sqm - 665 sqm • SOLD OUT 2017

For further details contact Luke Pitcher on 0417 055 578

All areas, prices and information contained in this publication are subject to change and the information provided herein is a guide only and doesn’t represent a contract in any form.

Oakleigh

03 9567 8888 Dandenong

03 8795 4888

crabtrees.com.au