LASE23 - Information Memorandum

Page 1


Crabtrees Real Estate are delighted to offer for Sale via Expression of Interest closing Wednesday 2nd April at 4pm.

This quality investment is leased to Amtec Disaster Recovery who have been in occupation for 20 years returning $211,250 pa net as at 1st April 2025.

EXCLUSIVE MARKETING AGENTS

GRANT TISHLER Partner 0417 552 919 grant@crabtrees.com.au

JOE MONEA Director - Sales & Leasing 0448 486 665 jmonea@crabtrees.com.au

Executive Summary

PROPERTY ADDRESS 23 Laser Drive, Rowville VIC 3178

METHOD OF SALE Expression of Interest

PROPERTY OVERVIEW

BUILDING AREA

Well presented office warehouse in tightly held location leased to quality established tenant Amtec Disaster who have been in occupation for 20 years.

1,364m2*

LAND AREA 2,024m2*

LAND & TITLE PARTICULARS

ZONING

Lot 13 on Plan of Subdivision 205986W. Volume 10828 Folio 737

The Title and site plan is included in Appendix 1

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

TENANT Amtec Disaster Recovery

*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.

Property Overview

SET & FORGET INVESTMENT

The subject property is a modern office warehouse of approximately 1,364m2 on a site of approximately 2,024m2

To the front of the property is an under croft car park with which leads to the ground floor office lobby and the first floor office accommodation of approximately 264m2.

The office includes a mix of open plan and partitioned accommodation, with staff amenities.

Beyond the office is the warehouse of approximately 1,100m2 which includes a bonus mezzanine area of 330m2. The facility has excellent access via one container height roller door and the warehouse also includes staff amenities.

Of further benefit are power points throughout the facility, ample staff parking and wide frontage to Laser Drive. *All

Lease Summary

The subject property is leased on the following basis:

Tenant

Annual Rent

Outgoings

Lease Start Date

Amtec Disaster Recovery

$211,150 per annum plus GST & Outgoings*

All payable of the tenant including single holding land tax

1st April 2024

Term Ten (10) Years

Rental Reviews

Security

*Rent as at 1st April 2025

About Tenant

Annual fixed reviews of 3%

Three (3) months rental and director personal guarantee.

Amtec Disaster Recovery have been providing key disaster recovery and building / contents restoration services to all types of property owners for over 20 years.

Amtec can dry, restore and repair back to pre-loss condition and specialise in mould removal (including black mould), water damage, fire damage and furniture restoration offering a 24 hours, 7 days a week, 365 days a year service.

Source: https://www.amtec.com.au/about/

Property Images

BUILDING PARTICULARS

Location

The subject property is located in Rowville one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations.

The property is located on Laser Drive off Henderson Road with access to major arterials including Stud Road, Ferntree Gully Road, Wellington Road and EastLink.

The suburb of Rowville has long been considered a desirable location and is situated within a 30 minute drive from Melbourne CBD.

Stud Park Shopping Centre is located approximately 2.3km from the subject property drawing in thousands of customers daily with 1,500 car spaces and 57 stores featuring Kmart, Coles, Woolworths, Australia Post and ANZ to name a few.

Westfield Knox has commenced its $355 million redevelopment which will see the replacement of Myer with a range of new retailers, as well as a new fresh food market, a new library and other community uses.

Furthermore the subject property is located nearby Caribbean Park, the largest office precinct outside of the CBD. The comprehensive masterplan is delivering new office buildings, expansive parkland, integrated landscaping, new retail areas, lifestyle facilities and now a Hyatt Place Hotel.

Zoning

The subject property is zoned Industrial 1 under the City of Knox Planning Scheme, according to the most recent Victorian zoning information available allowing for a broad range of uses.

Method of Sale Expression of Interest

23 Laser Drive, Rowville is being offered for sale via Expression of Interest closing Wednesday 2nd April at 4pm.

Offers should be submitted on the attached Expressions of Interest Form in Annexure 2.

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 10828 FOLIO 737

LAND DESCRIPTION

Lot 13 on Plan of Subdivision 205986W.

PARENT TITLE Volume 09971 Folio 993

Created by instrument AD102147D 08/09/2004

REGISTERED PROPRIETOR

Estate Fee Simple

Sole Proprietor

Security no : 124112862365U

Produced 22/02/2024 11:31 AM

P & A PROPERTY PTY LTD of 6-9 CLARKE STREET LILYDALE VIC 3140 AJ782286N 09/07/2012

ENCUMBRANCES, CAVEATS AND NOTICES

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 LP205986W FOR FURTHER DETAILS AND BOUNDARIES

ACTIVITY IN THE LAST 125 DAYS

NIL

OF REGISTER SEARCH STATEMENT------------------------

Additional information: (not part of the Register Search Statement)

Street Address: 23 LASER DRIVE ROWVILLE VIC 3178

DOCUMENT END

Annexure 2 Expression of Interest Form

EXPRESSION OF INTEREST

Property: 23 Laser Drive, Rowville

Closing Date: Wednesday 2nd April at 4.00pm

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

Crabtrees Real Estate

Grant Tishler

20-22 Atherton Road (PO Box 6) 0417 552 919

Oakleigh VIC 3166 grant@crabtrees.com.au

Ph: (03) 9567 8888

Fax: (03) 9563 1000

Joe Monea 0448 486 665 jmonea@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: 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

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