Unit 1/2-16 Warner Street, OAKLEIGH INFORMATION MEMORANDUM SALE BY PUBLIC AUCTION FRIDAY 23rd NOVEMBER 2018 AT 1PM ONSITE
23/11/18
1:00PM
ONSITE
crabtrees.com.au/18264 INFORMATION MEMORANDUM | 1 JOHN STREET, CLAYTON
Built on knowledge. 1
CRABTREES REAL ESTATE ARE EXCITED TO OFFER FOR SALE:
Unit 1/2-16 Warner Street, Oakleigh SALE BY PUBLIC AUCTION FRIDAY 23rd NOVEMBER 2018 AT 1PM ONSITE 2
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
3
Introduction Crabtrees are pleased to offer for sale this well presented industrial investment, offering two separate tenancies. Key investment features include: • Leased until December 2021 • Returning $123,493 per annum* net • Annual rental increases • Total building area: 1,279m²* • Refurbished quality offices and amenities • Superb location close to Huntingdale Shopping Strip and Railway/Bus Station
Anthony Mondous 0427 632 030 amondous@crabtrees.com.au
4
Chris McKenzie 0418 321 065 chris@crabtrees.com.au
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
Executive Summary Property Address
Unit 1/2-16 Warner Street, Oakleigh VIC 3166
Method of Sale
Public Auction
Property Overview
Well presented industrial investment, offering two separate tenancies
Building Area
1,279m²*
Land & Title Particulars
Lot 1 on Title Plan 406172H, Volume 10894 Folio 919 The Title and site plan is included in Appendix 1
Zoning
The land is zoned Industrial 1 under the City of Monash Planning Scheme allowing for a broad range of potential uses.
Tenant
Combined passing income of $123,493 per annum* net
Terms of Sale
10% deposit payable with full settlement payable either 30 - 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.
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
5
6
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
Property Location & Overview INVEST IN OAKLEIGH! The subject property is conveniently located in Oakleigh, one of the South Eastern Metropolitan Melbourne’s most recognisable locations. Excellent access to Huntingdale Road, North Road and Princes Highway. Well positioned and only 50m* away is the Huntingdale Road Shopping Precinct and the newly built Huntingdale Bus and Train Station. This well presented industrial investment features: • 2 separate tenancies • Industrial 1 Zoning • Corner location • Ground floor lease of 3 years and 6 months commenced 1/6/18 with 1 x 3 year option • First floor lease of 3 years, 3 months and 9 days commenced 1/9/18 • Combined passing income of $123,493 per annum* net • Refurbished and well appointed offices • Great natural light throughout with north facing windows • Bright, clear and clean warehouse • 2 roller doors • 3 Phase power • Modern toilet and kitchen amenities • 9 secure onsite undercover car parks *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.
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
7
Lease Summary The subject properties are leased on the following basis. GROUND FLOOR
Tenant
Pramukh Group of Companies Pty Ltd T/As Harward International College
Annual Rent
$62,000 per annum plus GST & Outgoings
Lease Start Date
01/06/2018
Term
3 years & 6 months
Rental Reviews
Annual 4% increases
Security
3 months rent plus GST
Option
One option of 3 years
FIRST FLOOR
Tenant
Murcotts Advanced Driving Pty Ltd ATF Murcotts Advanced Driving Unit Trust
Annual Rent
$61,493 per annum plus GST & Outgoings
Lease Start Date
01/09/2018
Term
3 years, 3 months & 9 days
Rental Reviews
Annual 3% increases
Security
3 months rent plus GST
Option
NIL
Zoning The subject property is zoned Industrial 1 under the City of Monash Planning Scheme, according to the most recent Victorian zoning information available.
Method of Sale Auction Unit 1/2-16 Warner Street, Oakleigh is being offered by Auction on Friday 23rd November 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 Anthony Mondous on 0427 632 030 or Chris McKenzie on 0418 321 065.
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
9
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 30 - 90 days from date of Exchange of Contracts.
10
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
Summary This is a flexible industrial investment offering two separate tenancies. The key attributes are: • Leased until December 2021 • Returning $123,493 per annum* net • Annual rental increases • Total building area: 1,279m²* • Refurbished quality offices and amenities • Superb location close to Huntingdale Shopping Strip and Railway/Bus Station
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
11
Annexure 1 Title & Plan of Subdivision
12
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
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 10894 FOLIO 919 Security no : 124074250211B Produced 05/10/2018 09:52 AM LAND DESCRIPTION ---------------Lot 1 on Plan of Subdivision 406172H. PARENT TITLE Volume 10347 Folio 098 Created by instrument AD819407F 18/08/2005 REGISTERED PROPRIETOR --------------------Estate Fee Simple Sole Proprietor TOMSTEF PTY LTD of 465 AUBURN ROAD HAWTHORN EAST VIC 3123 AG070238W 08/09/2008 ENCUMBRANCES, CAVEATS AND NOTICES --------------------------------COVENANT as to part 1429214 COVENANT as to part 1502977 COVENANT as to part 1502979 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 PS406172H 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: UNIT 1 2-16 WARNER STREET OAKLEIGH VIC 3166 OWNERS CORPORATIONS ------------------The land in this folio is affected by OWNERS CORPORATION 1 PLAN NO. PS406172H DOCUMENT END
13
14
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
15
16
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
17
18
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH
19
Oakleigh 20-22 Atherton Road 03 9567 8888
Built on knowledge. 20
Dandenong 1/11-15 Smeaton Avenue 03 8795 4888
INFORMATION MEMORANDUM | UNIT 1/2-16 WARNER STREET, OAKLEIGH