1350-1352 & 9-13 NORTH ROAD
FULTON STREET
OAKLEIGH FOR SALE
BY EXPRESSIONS OF INTEREST CLOSING THURSDAY 15 TH NOVEMBER AT 4PM
INFORMATION MEMORANDUM
crabtrees.com.au/18199
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INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
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Introduction Crabtrees are pleased to offer for sale this rare opportunity to secure a substantial parcel of land prominently located on the corner of North Road and Milgate Street with frontage to Fulton Street in the booming south east of Melbourne. The key features of the property include: •
Substantial site of 3,630m²*
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4 separate titles
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3 street frontages of 171m*
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Existing buildings of 1,429m²* plus adjoining vacant land
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Short term passing income of $72,526.80pa*
Rodney King 0422 839 870 rodney@crabtrees.com.au 4
Chris McKenzie 0418 321 065 chris@crabtrees.com.au
INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
Executive Summary Property Address
1350-1352 North Road & 9-13 Fulton Street, Oakleigh VIC 3166
Method of Sale
For Sale by Expressions of Interest closing Thursday 15th November at 4pm
Property Overview
Substantial parcel of land prominently located on the corner of North Rd and Milgate Street
Land Area
3,630 m²*
Land & Title Particulars
Lot 6 & 7 on Title Plan 012445, Volume 08475 Folio 782 Lot 8 on Title Plan 012445, Volume 11486 Folio 007 Lot 9 on Title Plan 012445, Volume 11486 Folio 004 Lot 10 on Title Plan 012445, Volume 11486 Folio 005 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.
Terms of Sale
10% deposit payable with full settlement payable either 30/60/90 or 120 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 | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
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INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
Property Overview OUTSTANDING CORNER SITE WITH 4 TITLES & 3 STREET FRONTAGES This is a very rare opportunity to secure a landmark corner site of 3,630m²* located on the corner of North Road and Milgate Street with frontage to Fulton Street in the booming south east of Melbourne. This site offers enormous flexibility to owner occupies, developers and investors. Key property features include: • Substantial site of 3,630m²* • 4 separate titles • 3 street frontages of 171m* • Existing buildings of 1,429m²* plus adjoining vacant land • Short term passing income of $72,526.80pa* The property titles consist of the following approximate areas: Address
Depth
Frontage
Size
1350 - 1352 North Road
80.15m
36.37m
1,440m²
9 Fulton Street
40.13m
18.11m
734m²
11 Fulton Street
40.13m
18.24m
721m²
13 Fulton Street
40.13m
18.24m
734m²
INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
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Lease Summary The subject properties are leased on the following basis. 1352 NORTH ROAD Tenant
Ultra Tune
Annual Rent
$57,902.64 per annum plus GST & Outgoings
Lease Start Date
01/09/2014
Term
5 Years
Option
NIL
Rental Reviews
CPI
1352 NORTH ROAD - YARD
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Tenant
Ultra Tune
Annual Rent
$5,324.04 per annum plus GST & Outgoings
Lease Start Date
01/09/2014
Term
5 Years
Option
NIL
Rental Reviews
CPI
INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
Lease Summary Cont. The subject properties are leased on the following basis. 11-13 FULTON STREET, HUNTINGDALE Tenant
Carniche Accident Repair Centre
Annual Rent
$9,300 per annum plus GST & Outgoings
Lease Start Date
15/02/2012
Term
Monthly Tenancy
INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
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Location The subject property is prominently located in Oakleigh, one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations. The property is extremely well located on North Road in the very tightly held Oakleigh/Huntingdale industrial area. From this location there is easy access to Warrigal Road, Wellington Road, Huntingdale Road, Blackburn Road, Ferntree Gully Road, Princes Highway, Springvale Road and the Monash M1 Freeway.
North Road carries a large amount of passing traffic which attract excellent business exposure evident with major occupying neighbours including Tasman Meats, Coates Hire, Kennard’s Storage, Ultra Tune and Woolworths Service Station. The site is approximately 16km from the CBD.
It is also extremely close to Huntingdale Train Station, Huntingdale Shopping Centre, Monash University, Monash Medical Centre and Chadstone Shopping Centre. 10
INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
Surrounding Occupiers
M-CITY MONASH The subject property is approximately 3 kilometres from the now under construction $1 Billion M-CITY - the largest integrated precinct outside of the CBD. M-City will be a landmark precinct on a scale previously unseen connected to 60 specialty stores including Woolworths, K-Mart, cinema, restaurants, childcare, an international hotel and premium offices.
MONASH UNIVERSITY Monash University is ranked in the top 1 per cent of world universities and 5th in Australia with approximately 26,000 students. The campus covers an area of over 1.1 km² and is the largest of the Monash University campuses, both in terms of size and student population. The campus has its own suburb and is one of the few university campuses in Australia to have its own postcode (3800).
SPRINGVALE HOMEMAKER CENTRE The Springvale Homemaker Centre with retailers including Ikea, Beacon Lighting, Adairs, Anaconda, Domayne, JB Hi-Fi and many more, is approximately 3.5 kilometres from this site.
MONASH MEDICAL CENTRE Monash Medical Centre is a 640 bed teaching and research hospital of international standing providing a comprehensive range of specialist surgical, medical and allied health services.
Monash University is well-established and the driving force behind the City of Monash. INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
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City of Monash TH E C I T Y OF M O N ASH LO CAT I ON OFFERS ADVAN TAGE S THAT A R E HA RD TO MATCH LOCATION
CLAYTON
This location has recently benefited from Melbourne’s housing boom which has seen the median house price rocket. Oakleigh is recognised as a high demand market with a median house price of $1,228,500 and a median apartment price of $474,750. The property is bounded by Clayton with a median house price of $1,228,000 and a median apartment price of $615,000, and Huntingdale with a median house price of $1,110,000 and a median apartment price of $445,000.
Clayton contains the greatest density of high technology industries in Victoria. As well as the Australian Synchrotron, the Monash Clayton Campus is adjacent to the CSIRO, Bosch, Bayer, Agilent Technologies Inc. and several other science and technology companies also located nearby. Victoria’s only specialist science and mathematics high school, the John Monash Science School, is also located on the Campus. During 2014-15 the Australian Synchrotron supported more than 4,300 researcher visits and close to 1,000 experiments in areas such as medicine, agriculture, environment, defence, transport, advanced manufacturing and mining.
OAKLEIGH Oakleigh forms part of the established and growing City of Monash which includes the suburbs of Ashwood, Clayton, Glen Waverley, Mount Waverley, Mulgrave, Notting Hill, Oakleigh, and Wheelers Hill. This location is situated within close proximity to the suburbs of Chadstone, Box Hill and Glen Waverley which in recent times have experienced rapid population growth as a result of medium to high density apartment development.
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INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
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 Expressions of Interest 1350-1352 North Road & 9-13 Fulton Street, Oakleigh is being offered for sale by Expressions of Interest closing Thursday 15th November 2018 at 4pm.
To discuss the property in greater detail, or to book a private inspection, please contact exclusive marketing agents Rodney King on 0422 839 870 or Chris McKenzie on 0418 321 065.
INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
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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 in 30/60/90 or 120 days from date of Exchange of Contracts
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INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
Summary This is a rare opportunity to secure a substantial parcel of land prominently located on the corner of North Road and Milgate Street. The key attributes are: • Substantial site of 3,630m²* • 4 separate titles • 3 street frontages of 171m* • Existing buildings of 1,429m²* plus adjoining vacant land • Short term passing income of $72,526.80pa*
INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
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Annexure 1 Expressions of Interest Form
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INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
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___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________
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Annexure 2 Title & Plan of Subdivision
INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH
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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 08475 FOLIO 782 Security no : 124072612970M Produced 28/06/2018 12:03 pm LAND DESCRIPTION ---------------Lots 6 and 7 on Plan of Subdivision 012445. PARENT TITLES : Volume 07155 Folio 807 to Volume 07155 Folio 808 Created by instrument B889241 24/03/1964 REGISTERED PROPRIETOR --------------------Estate Fee Simple Sole Proprietor RODNEY WILLIAM MAPPIN of 1 IONA AVENUE BRIGHTON VIC 3186 AJ303370C 09/11/2011 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 LP012445 FOR FURTHER DETAILS AND BOUNDARIES ACTIVITY IN THE LAST 125 DAYS ----------------------------NIL
DOCUMENT END
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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 11486 FOLIO 007 Security no : 124072613215V Produced 28/06/2018 12:08 pm LAND DESCRIPTION ---------------Lot 8 on Plan of Subdivision 012445. PARENT TITLE Volume 08215 Folio 505 Created by instrument AK991617R 28/03/2014 REGISTERED PROPRIETOR --------------------Estate Fee Simple Sole Proprietor RODNEY WILLIAM MAPPIN of 1 IONA AVENUE BRIGHTON VIC 3186 AL681018L 12/02/2015 ENCUMBRANCES, CAVEATS AND NOTICES --------------------------------COVENANT 1912275 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 LP012445 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: 11 FULTON STREET OAKLEIGH SOUTH VIC 3167 DOCUMENT END
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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 11486 FOLIO 004 Security no : 124072613214W Produced 28/06/2018 12:08 pm LAND DESCRIPTION ---------------Lot 9 on Plan of Subdivision 012445. PARENT TITLE Volume 08215 Folio 505 Created by instrument AK991617R 28/03/2014 REGISTERED PROPRIETOR --------------------Estate Fee Simple Sole Proprietor RODNEY WILLIAM MAPPIN of 1 IONA AVENUE BRIGHTON VIC 3186 AL681018L 12/02/2015 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 LP012445 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: 11 FULTON STREET OAKLEIGH SOUTH VIC 3167 DOCUMENT END
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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 11486 FOLIO 005 Security no : 124072613216U Produced 28/06/2018 12:08 pm LAND DESCRIPTION ---------------Lot 10 on Plan of Subdivision 012445. PARENT TITLE Volume 08215 Folio 505 Created by instrument AK991617R 28/03/2014 REGISTERED PROPRIETOR --------------------Estate Fee Simple Sole Proprietor RODNEY WILLIAM MAPPIN of 1 IONA AVENUE BRIGHTON VIC 3186 AL681045H 12/02/2015 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 LP012445 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: 9 FULTON STREET OAKLEIGH SOUTH VIC 3167 DOCUMENT END
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Oakleigh 20-22 Atherton Road 03 9567 8888 Dandenong 1/11-15 Smeaton Avenue 03 8795 4888 Built on knowledge. 26 INFORMATION MEMORANDUM | 1350-1352 NORTH RD & 9-13 FULTON ST, OAKLEIGH