UNIT 20/35–37 DUNLOP ROAD, MULGRAVE SALE BY PUBLIC AUCTION THURSDAY 30TH AUGUST 2018 AT 1PM ONSITE
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crabtrees.com.au/17986
CRABTREES REAL ESTATE ARE EXCITED TO OFFER FOR SALE UNIT 20 / 35 DUNLOP ROAD, MULGRAVE 3170
SALE BY PUBLIC AUCTION THURSDAY 30TH AUGUST 2018 1PM ONSITE Unit 20 / 35 – 37 Dunlop Road, Mulgrave is a modern office/warehouse securely leased and located in the tightly held, strategically central industrial location of Mulgrave. The key features of the property include: • • •
Extremely well presented modern building of 520m²* Rental return of $75,400 + GST Long standing Tenant Mazuma Mobile Pty Ltd
Stefan Albanese Executive 0448 026 186 stefan@crabtrees.com.au
Gavin Dumas Director 0411 878 423 gavin@crabtrees.com.au
CRABTREES REAL ESTATE | UNIT 20 / 35 -37 DUNLOP ROAD, MULGRAVE VIC 3170 2
Executive Summary
Property Address
Unit 20 / 35 -37 Dunlop Road, Mulgrave VIC 3170
Method of Sale
Public Auction
Property Overview
Quality built office/warehouse with a long standing tenant
Building Area
520m²*
Land & Title Particulars
Lot 4 on Title Plan 527036Q , Volume 10883 Folio 325 The Title particulars are included in Annexure 2
Zoning
The land is zoned Special Use under the City of Monash Planning Scheme allowing for a broad range of potential uses.
Tenant
Mazuma Mobile Pty Ltd
Rental Income
$75,400 per annum plus GST & outgoings
Terms of Sale
10% deposit payable with full settlement payable either 30, 60 or 90 days or as agreed.
*All sizes and amounts are approximate. The vendor and their agents do not hold themselves responsible for errors, omissions and discrepancies, if any, in these particulars which have been compiled to the best of their ability, but are not guaranteed.
CRABTREES REAL ESTATE | UNIT 20 / 35 -37 DUNLOP ROAD, MULGRAVE VIC 3170 3
Property Overview
Located in the Nexus Business Park developed by Salta Properties, this office/warehouse represents a great opportunity for the astute investor to secure a modern, leased, functional industrial premises in a strategically central location. The subject property consists of a double storey office area of approximately 220sqm plus a warehouse of approximately 300sqm giving a total building area estimated at 520sqm. The construction of the property is of concrete tilt slab with a steel deck roof with an architectural designed glass aluminium faรงade. The clear span warehouse has excellent internal clearance and has good natural light via skylights and high-bay lighting. The warehouse is serviced by a single container height motorised roller door. The office is over two levels which includes high quality floor to ceiling glass partitioned offices with an oversized boardroom. Other features include heating and cooling systems, male and female toilets, kitchenette, carpeted offices and 9 car spaces on title including disabled car space. CRABTREES REAL ESTATE | UNIT 20 / 35 -37 DUNLOP ROAD, MULGRAVE VIC 3170 4
Property Location The subject property is located in Mulgrave, one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations.
Nexus Business Park Mulgrave is situated approximately 20 Kilometres from Melbourne’s central business district and is conveniently located on Dunlop Road which benefits from immediate access to all major road networks, Springvale Road, Princess Highway, Centre Road, M1 (Monash Freeway), Ferntree Gully Road, Blackburn Road, Wellington Road, and Eastlink. Coupled with a skilled labour force in the surrounding suburban belt, it’s no coincidence major industry and commercial occupiers favour this location with many major corporations located or invested in the surrounding precinct.
CRABTREES REAL ESTATE | UNIT 20 / 35 -37 DUNLOP ROAD, MULGRAVE VIC 3170 5
Lease Summary The subject property is leased on the following basis:
Tenant
Mazuma Mobile Pty Ltd
Annual Rent
$75,400 per annum plus GST & Outgoings
Lease Start Date
1st August 2018
Term
Three (3) years
Options
One (1) further term of two (2) years
Rental Reviews
3% annually with a market review at exercise of option
Security
Equal to three (3) months rental plus GST
About Tenant Mazuma Mobile Pty Ltd is part of the Ventura Telecom Group and is the United Kingdom and Australia's leading online mobile phone reuse company refurbishing 150,000 mobile phones on average each month. Source: mazumamobile.com.au
CRABTREES REAL ESTATE | UNIT 20 / 35 -37 DUNLOP ROAD, MULGRAVE VIC 3170 6
Zoning The subject property is zoned Special Use under the City of Monash Planning Scheme, according to the most recent Victorian zoning information available.
Method of Sale Auction Unit 20 / 35 -37 Dunlop Road, Mulgrave is being offered by Auction on Thursday 30th August 2017 at 1pm onsite. Access to the property will be available from 12:30pm on Auction day, however you can book an inspection prior by contacting Stefan Albanese 0448 025 186 or Gavin Dumas 0411 878 423.
CRABTREES REAL ESTATE | UNIT 20 / 35 -37 DUNLOP ROAD, MULGRAVE VIC 3170 7
Terms of Sale The property is offered for sale on the basis of; Deposit:
10% of the agreed purchase price payable upon signing the Contracts of Sale.
Settlement: The Vendor will require full settlement of the sale upon 30, 60 or 90 days from date of Exchange of Contracts.
CRABTREES REAL ESTATE | UNIT 20 / 35 -37 DUNLOP ROAD, MULGRAVE VIC 3170 8
Summary This is an excellent opportunity for astute investors to secure quality real estate assets in a tightly held, strategically central industrial location. The key attributes are: • • •
Long standing tenant Currently returning $75,400 per annum + GST & outgoings Modern office/warehouse of 520m²* approximately
Stefan Albanese Executive 0448 026 186 stefan@crabtrees.com.au
Gavin Dumas Director 0411 878 423 gavin@crabtrees.com.au
CRABTREES REAL ESTATE | UNIT 20 / 35 -37 DUNLOP ROAD, MULGRAVE VIC 3170 9
CRABTREES REAL ESTATE | UNIT 20 / 35 -37 DUNLOP ROAD, MULGRAVE VIC 3170 10
Annexure 2
Copyright State of Victoria. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968 (Cth) and for the purposes of Section 32 of the Sale of Land Act 1962 (Vic) or pursuant to a written agreement. The information is only valid at the time and in the form obtained from the LANDATA REGD TM System. The State of Victoria accepts no responsibility for any subsequent release, publication or reproduction of the information. REGISTER SEARCH STATEMENT (Title Search) Transfer of Land Act 1958 -------------------------------------------------------------------------------VOLUME 10906 FOLIO 192 Security no : 124073224406H Produced 02/08/2018 11:42 am LAND DESCRIPTION ---------------Lot 4 on Plan of Subdivision 527036Q. PARENT TITLE Volume 10883 Folio 325 Created by instrument PS527036Q 17/10/2005 REGISTERED PROPRIETOR --------------------Estate Fee Simple Sole Proprietor RALLY SUPER CO PTY LTD of 153 BRYSONS ROAD WONGA PARK VIC 3115 AM154982U 03/09/2015 ENCUMBRANCES, CAVEATS AND NOTICES --------------------------------COVENANT AE218931E 03/03/2006 Any encumbrances created by Section 98 Transfer of Land Act 1958 or Section 24 Subdivision Act 1988 and any other encumbrances shown or entered on the plan set out under DIAGRAM LOCATION below. DIAGRAM LOCATION ---------------SEE PS527036Q FOR FURTHER DETAILS AND BOUNDARIES ACTIVITY IN THE LAST 125 DAYS ----------------------------NIL ------------------------END OF REGISTER SEARCH STATEMENT-----------------------Additional information: (not part of the Register Search Statement) Street Address: OFFICE 20 35 DUNLOP ROAD MULGRAVE VIC 3170
OWNERS CORPORATIONS ------------------The land in this folio is affected by OWNERS CORPORATION 1 PLAN NO. PS527036Q OWNERS CORPORATION 2 PLAN NO. PS527036Q
DOCUMENT END
CRABTREES REAL ESTATE | UNIT 20 / 35 -37 DUNLOP ROAD, MULGRAVE VIC 3170 11