20 Garden Boulevard, Dingley Village

20 GARDEN BOULEVARD, DINGLEY VILLAGE SALE BY DEADLINE PRIVATE SALE WEDNESDAY 30TH MAY 2018 AT 4PM

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 1

crabtrees.com.au/17671

CRABTREES REAL ESTATE ARE EXCITED TO OFFER FOR SALE 20 GARDEN BOULEVARD, DINGLEY VILLAGE.

SALE BY DEADLINE PRIVATE SALE WEDNESDAY 30TH MAY 2018 AT 4PM 20 Garden Boulevard, Dingley Village is a modern office/warehouse securely leased to Corp32 Pty Ltd T/A Chocolate Works

The key features of the property include:    

Prestige Dingley Village location.

Excellent street frontage.

Three (3) phase power & five (5) car spaces.

Long standing Tenancy returning $28,160 net pa + GST.

Andrew Loudon Senior Executive 0422 618 975 aloudon@crabtrees.com.au

Gavin Dumas Director 0411 878 423 gavin@crabtrees.com.au

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 2

Executive Summary

Property Address

20 Garden Boulevard, Dingley Village VIC 3172

Method of Sale

Deadline Private Sale

Property Overview

Solid investment with long standing tenant.

Building Area

256m2 *

Land & Title Particulars

Unit 14 on Strata Plan 029687U, Volume 09840 Folio 706 The Title and site plan is included in Appendix 1

Zoning

The land is zoned Industrial 1 under the City of Kingston Planning Scheme allowing for a broad range of potential uses.

Tenant

Corp32 Pty Ltd T/A Chocolate Works

Rental Income

$28,160.00 + GST

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 | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 3

Property Overview

The property comprises of an industrial building of 256m2Â within a very well maintained business park with quality landscaping and good on site parking.

The property features: + Fully fitted air-conditioned offices + Container height roller door + Great on site parking + Ample off street parking The Tenant, who has been in occupation of the property for almost 10 years, has installed substantial fitout including mezzanine storage and food production areas.

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 4

Property Location The subject property is very conveniently located in Dingley Village, one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations.

The subject property is just seconds to Boundary Road and is located within an established industrial hub, with many large companies calling Dingley Village and Braeside home.

The location has been transformed over the years with the development of major industrial parks attracting the development of new buildings. These include the Woodlands Industrial Estate and Chifley Business Park neighbouring the Moorabbin Airport. In particular, the Chifley Business Park (controlled and developed by Goodman Group Limited) is set to be transformed with the proposed construction of a major retail style precinct on Boundary Road. Anchored by Costco, it will include additional showrooms.

Of further benefit to the location is its access to major arterial roads, with Eastlink, Dingley Bypass, Westall Road, Dandenong Bypass, Boundary Road and Nepean Highway providing logistical viability.

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 5

Lease Summary The subject property is leased on the following basis with the full lease attached in Annexure 1.

Tenant

Corp32 Pty Ltd T/A Chocolate Works

Annual Rent

$28,160.00 per annum plus GST & Outgoings

Lease Start Date

1st August 2017

Term

Three (3) Years

Rental Reviews

Annually by CPI

Security

$2,581.33 & Directors Guarantee

About Tenant Chocolate Works are an award winning (Australasian Promotional Product Association) and Australia's #1 Customised Chocolate Products, supplying chocolates for Corporate Promotions, Branding & Marketing, Hospitality, Celebration events (Christmas, Easter, Valentines & more), Bomboniere for Weddings and other special occasions.Â

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 6

Zoning The subject property is zoned Industrial 1 under the City of Kingston Planning Scheme, according to the most recent Victorian zoning information available.

Method of Sale Deadline Private Sale 20 Garden Boulevard, Dingley Village is being offered for sale by Deadline Private Sale closing Wednesday 30th May 2018 at 4pm.

To book an inspection prior contact Andrew Loudon on 0422 618 975 or Gavin Dumas on 0411 878 423.

Offers should be submitted on the attached Expressions of Interest Form in Annexure 2, which can be provided separately if required.

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 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.

Summary

This is an incredible opportunity to secure an outstanding entry level investment with a long term tenancy.

The key attributes are:    

Prestige Dingley Village location.

Excellent street frontage.

Three (3) phase power & five (5) car spaces.

Net rental return of $28,160 per annum.

Andrew Loudon Senior Executive 0422 618 975 aloudon@crabtrees.com.au

Gavin Dumas Director 0411 878 423 gavin@crabtrees.com.au

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 8

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 9

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 10

EXPRESSION OF INTEREST

Property:

20 Garden Boulevard, Dingley Village

Closing Date:

Wednesday 30th May 2018 at 4.00pm

Parties interested in purchasing the Property are invited to complete this document and submit it to:

Crabtrees Real Estate 20-22 Atherton Road (PO Box 6) Oakleigh VIC 3166 Ph: (03) 9567 8888 Fax: (03) 9563 1000

Andrew Loudon 0422 618 975 aloudon@crabtrees.com.au Gavin Dumas 0411 878 423 gavin@crabtrees.com.au

Material in support or qualification of this submission should be annexed to this document.

Registrant’s Details: Name of Individual:

_______________________________________________

Name of Company:

_______________________________________________

Street Address:

_______________________________________________

A.B.N:

_______________________________________________

Telephone:

_______________________________________________

Facsimile:

_______________________________________________

Email:

_______________________________________________

Attention:

_______________________________________________

Proposed Purchase Term: Purchase Price: Deposit:

Settlement Period:

__________________________________exclusive of GST 1% of the purchase price to be accompanied with this EOI Form and a further 9% is required on exchange of contracts. (All deposit monies are refundable should your Expression of Interest be unsuccessful.)

______________________________________________

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 11

Special Conditions/Requirements: _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________

Registrant’s Solicitor: Company:

________________________________________________________

Street Address:

________________________________________________________

Telephone:

________________________________________________________

Facsimile:

________________________________________________________

Email:

________________________________________________________

Attention:

________________________________________________________

In submitting this Expression of Interest form, the Prospective Purchaser specifically acknowledges and agrees that: 1. They have received and reviewed the Contract of Sale.

2. The proposed purchase price set out in the Expression of Interest form is based on the acceptance of the Contract of Sale as submitted by the Vendor.

3. If there is any discrepancy between the Contract of Sale and any other documentation made available, the provisions of the Contract of Sale will prevail.

4. They are in a position to exchange Contracts within 48 hours of being notified that the proposed purchase price and Expression of Interest has been accepted.

In submitting this Expression of Interest, the Prospective Purchaser also acknowledges and agrees that the Vendor specifically reserves the following rights: 1.

2.

3.

4.

5.

6.

To accept or reject any Expression of Interest in its absolute discretion, including the highest Expression of Interest made and without having to attribute reasons therefore or to be accountable in any way.

To extend the closing date for submissions of Expressions of Interest.

To discuss any matter and to deal with any parties submitting an Expression of Interest at any time before or after the closing date.

Not to be contractually bound in any way by the submission of an Expression of Interest form signed by a Prospective Purchaser.

Not to sell the property.

Vary the sale process, and to modify or add any terms and conditions to any proposed Contract of Sale or Vendor’s Statement which may be made available to an interested party.

Signed for and on behalf of the Registrant: __________________________ Date: _________

Name of Signatory (please print):__________________________________________________

Position of Signatory:

________________________________________________________

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 12

CRABTREES REAL ESTATE | 20 GARDEN BOULEVARD, DINGLEY VILLAGE 13