73 HALLAM SOUTH ROAD
EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 30TH APRIL 2025 AT 4PM
Introduction
Crabtrees Real Estate in conjunction with Facey Property are excited to offer 73 Hallam South Road, Hallam for Sale via Expressions of Interest closing Wednesday 30th April at 4pm.
Situated on a substantial main road land holding of 4,074 sqm*, sits an impressive and hard to find 1,966 sqm* warehouse with a valuable 1,400 sqm* hardstand area.
Properties of this caliber very rarely come to market and an opportunity like such to acquire a freestanding Industrial facility should be considered by all.
Exclusive Selling Agents
PANA KRITIKOS
Associate Director 0418 358 700 pana@crabtrees.com.au
GRANT TISHLER
Partner 0417 552 919 grant@crabtrees.com.au
ADAM STRACHAN Sales & Leasing Consultant 0499 419 890 adam.strachan@faceyproperty.com.au
MATT O’DEA Director 0448 566 556 matt.odea@faceyproperty.com.au
Executive Summary
PROPERTY ADDRESS 73 Hallam South Road, Hallam VIC 3803
METHOD OF SALE
PROPERTY OVERVIEW
BUILDING
Expressions of Interest
Situated on a substantial main road land holding of 4,086 sqm*, sits an impressive and hard to find 1,966 sqm* warehouse with a valuable 1,400 sqm* hardstand area.
LAND & TITLE PARTICULARS
ZONING
Lot 5 on Plan of Subdivision 210498G. Volume 12505 Folio 568
The Title and site plan is included in Appendix 1
The land is zoned Industrial 1 under the City of Casey Planning Scheme allowing for a broad range of potential uses.
TENANT Vacant Possession
TERMS OF SALE
10% deposit payable with full settlement payable either 30, 60 or 90 days.
Property Overview
SIGNIFICANT INDUSTRIAL POWERHOUSE READY FOR OCCUPATION
Situated on a substantial main road land holding of 4,074 sqm*, sits an impressive and hard to find 1,966 sqm* warehouse with a valuable 1,400 sqm* hardstand area.
Properties of this caliber very rarely come to market and an opportunity like such to acquire a freestanding Industrial facility should be considered by all.
PROPERTY KEY FEATURES:
• Land: 4,074 sqm*
• Building: 1,966 sqm* (Comprising of 3 Warehouses)
• Warehouse: 1,716 sqm*
• Office/Showroom: 250 sqm*
• Hardstand: 1,400 sqm*
ADDITIONAL FEATURES:
• Versatility to use warehouse as one or split into multiple tenancies
• Up to 6.3 meters* of warehouse clearance
• Major hardstand - great for trucks & containers
• Significant power supply
• Ample car parks
• Just under 40 m* of prime frontage
LOCATION BENEFITS:
• 300m* to the Hallam Train Station
• Bus stop located in front of property
• 2km* Monash Fwy
• 1km* Princes Hwy
*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.
Comparable Sales
We provide the following comparable sales of similar freehold Industrial buildings and vacant Industrial land sales.
11-13
Sale Date | April 2024
Sale Price | $6,300,000
Building Size | 1,995m2
Land Size | 4,553m2
Building Price per m2 | $3,157
Notes: Sold with vacant possession in Hallam.
151 WEDGEWOOD ROAD, HALLAM
Sale Date | October 2024
Sale Price | $6,800,000
Building Size | 2,435m2
Land Size | 4,842m2
Building Price per m2 | $2,793
Notes: Sold with vacant possession in Hallam.
43 TECHNOLOGY CIRCUIT, HALLAM
Sale Date | March 2024
Sale Price | $6,836,500
Building Size | 2,364m2
Land Size | 3,726m2
Building Price per m2 | $2,891
Notes: Sold with vacant possession in Hallam.
31-33 WESTPOOL DRIVE, HALLAM
Sale Date | October 2024
Sale Price | $5,890,000
Building Size | 2,230m2
Land Size | 3,933m2
Rental | $289,900 pa net
Notes: Hallam Industrial Investment selling on 4.92% yield.
*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.
WESTPOOL DRIVE, HALLAM
21-23 APOLLO DRIVE, HALLAM
Sale Date | July 2024
Sale Price | $3,600,000
Building Size | 1,270m2
Land Size | 2,604m2
Building Price per m2 | $2,834
Notes: Sold with vacant possession in Hallam.
36 NICOLE WAY, DANDENONG
Sale Date | October 2024
Sale Price | $3,420,000
Building Size | 1,000m2
Building Price per m2 | $3,420
Notes: Freehold Industrial asset with 50% site coverage approx.
13 PARK DRIVE, DANDENONG
Sale Date | September 2024
Sale Price | $5,800,000
Building Size | 1,656m2
Land Size | 2,695m2
Building Price per m2 | $3,502
Notes: Brand new industrial facility.
26-28 HALLAM SOUTH ROAD, HALLAM
Sale Date | April 2024
Sale Price | $4,200,000
Land Size | 4,116m2
Land Price per m2 | $1,202
Notes: Land sale in similar location.
Property Images
Location
The subject property is located in Hallam, one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations.
The Hallam industrial precinct offers excellent access and connectivity to Monash Freeway (M1), South Gippsland Freeway, Princes Highway and EastLink (M3).
Westfield Fountain Gate is located nearby the subject property, home to some of Australia’s leading brands including Myer, BIG W, Kmart, Target, Coles, Woolworths, ALDI and Apple. There is also a Village Roadshow cinema and a diverse mix of business partners including approximately 420 specialty stores.
The new Hallam Station offers improved accessibility providing a key pathway between the South Gippsland Highway, Princes Highway and the Monash Freeway. The project has provided modern facilities and improved pedestrian and cycling connections around the station precinct.
LOCATION BENEFITS:
• 300m* to the Hallam Train Station
• Bus stop located in front of property
• 2km* Monash Fwy
• 1km* Princes Hwy
Zoning
The subject property is zoned Industrial Zone 1 under the City of Casey Planning Scheme, according to the most recent Victorian zoning information available allowing for a broad range of uses.
Method of Sale Expression of Interest
73 Hallam South Road, Hallam is being offered for sale via Expressions of Interest closing Wednesday 30th April at 4pm.
Offers should be submitted on the attached Expressions of Interest Form in Annexure 2.
To arrange a private inspection please contact the exclusive selling agents.
The property is offered for sale on the basis of: DEPOSIT:
10% of the agreed purchase price payable upon signing the Contract of Sale.
The Vendor will require full settlement of the sale upon 30, 60 or 90 days from date of Exchange of Contracts.
PANA KRITIKOS Associate Director 0418 358 700 pana@crabtrees.com.au
GRANT TISHLER Partner 0417 552 919 grant@crabtrees.com.au
ADAM STRACHAN Sales & Leasing Consultant 0499 419 890 adam.strachan@faceyproperty.com.au
MATT O’DEA Director 0448 566 556 matt.odea@faceyproperty.com.au
Annexure 1
Title & Plan of
Subdivision
Copyright State of Victoria. No part of this publication may be reproduced except as permitted by the Copyright Act 1968 (Cth), to comply with a statutory requirement 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. None of the State of Victoria, its agents or contractors, accepts responsibility for any subsequent publication or reproduction of the information.
The Victorian Government acknowledges the Traditional Owners of Victoria and pays respects to their ongoing connection to their Country, History and Culture. The Victorian Government extends this respect to their Elders, past, present and emerging.
REGISTER SEARCH STATEMENT (Title Search) Transfer of Land Act 1958
VOLUME 12505 FOLIO 568
LAND DESCRIPTION
Lot 5 on Plan of Subdivision 210498G.
PARENT TITLE Volume 09806 Folio 356 Created by instrument AX267938W 18/09/2023
REGISTERED PROPRIETOR
Estate Fee Simple
Sole Proprietor
Security no : 124117670764Y Produced 23/08/2024 11:32 AM
73 HALLAM SOUTH ROAD PTY LTD of 37 WILLIAMS ROAD DANDENONG SOUTH VIC 3175 AX604852H 22/12/2023
ENCUMBRANCES, CAVEATS AND NOTICES
COVENANT (as to whole or part of the land) in instrument N561243D 08/07/1988
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 or imaged folio set out under DIAGRAM LOCATION below.
DIAGRAM LOCATION
SEE LP210498G FOR FURTHER DETAILS AND BOUNDARIES
ACTIVITY IN THE LAST 125 DAYS
NUMBER STATUS DATE
AY019588B (E) DISCHARGE OF MORTGAGE Registered 28/05/2024
------------------------END OF REGISTER SEARCH STATEMENT------------------------
Additional information: (not part of the Register Search Statement)
Street Address: 73 HALLAM SOUTH ROAD HALLAM VIC 3803
ADMINISTRATIVE NOTICES
NIL
eCT Control REGISTRAR OF TITLES Effective from 28/05/2024
DOCUMENT END
Annexure 2 Expression of Interest Form
EXPRESSION OF INTEREST
Property: 73 Hallam South Road, Hallam VIC 3803
Closing Date: Wednesday 30th April at 4pm.
Parties interested in purchasing the Property are invited to complete this document and submit it to:
Crabtrees Real Estate
Pana Kritikos 20-22 Atherton Road (PO Box 6) 0418 358 700 Oakleigh VIC 3166 pana@crabtrees.com.au Ph: (03) 9567 8888
Grant Tishler 0417 552 919 grant@crabtrees.com.au
Facey Property
Adam S trachan 10A E J Court 0499 419 890 Dandenong South VIC 3175 adam.strachan@faceyproperty.com.au Ph: (03) 9701 4455
Matt O’D ea 0448 566 556 matt.odea@faceyproperty.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: exclusive of GST
Deposit:
Settlement Period:
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)
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. 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.
2. To extend the closing date for submissions of Expressions of Interest.
3. To discuss any matter and to deal with any parties submitting an Expression of Interest at any time before or after the closing date.
4. Not to be contractually bound in any way by the submission of an Expression of Interest form signed by a Prospective Purchaser.
5. Not to sell the property.
6. 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
