PARS1D - Information Memorandum

Page 1


Crabtrees Real Estate are excited to offer 1D Parsons Avenue, Springvale for Auction Wednesday 5th March at 1pm.

Boasting a 417m2 clearspan warehouse, 120m2 airconditioned and carpeted office as well as 3 phase power and 4 car parks.

This property presents a rare opportunity to buy in the highly sought after Springvale industrial precinct. Conveniently located only minutes from Springvale’s thriving retail hub and within proximity to Princes Highway, Centre Road and Westall Road.

To be sold with monthly tenancy.

PANA KRITIKOS

Associate Director | Sales & Leasing 0418 358 700 pana@crabtrees.com.au

LUKA MAROLT

Executive | Sales & Leasing 0418 364 064 lmarolt@crabtrees.com.au

Executive Summary

PROPERTY ADDRESS 1D Parsons Avenue, Springvale VIC 3171

METHOD OF SALE Auction

PROPERTY OVERVIEW

BUILDING AREA

LAND & TITLE PARTICULARS

ZONING

Solid office warehouse located in the highly sought after Springvale industrial precinct.

537m2*

Lot 18 on Registered Plan of Strata Subdivision 031426M. Volume 09844 Folio 410

The Title and site plan is included in Appendix 1

The land is zoned Commercial 2 under the City of Greater Dandenong Planning Scheme allowing for a broad range of potential uses.

TENANT Sold with vacant possesion

TERMS OF SALE

10% deposit payable with full settlement payable either 30, 60 or 90 days.

*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

MODERN OFFICE WAREHOUSE

The subject property consists of a modern street facing 537 sqm office / warehouse located in the tightly held Springvale Industrial precinct. The Property consists of 417 m2 of clear span warehouse area which is serviced by a motorised roller door and also provides a convenient 120 m2 of first floor air-conditioned and carpeted office.

THE PROPERTY ALSO FEATURES:

• Three (3) phase power

• Roller door access

• Four (4) car parks

• To be sold with monthly tenancy

• Tightly held Industrial location

*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 Images

BUILDING PARTICULARS

Location

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

Prominently positioned just off Springvale Road and in close proximity to Princes Highway, Centre Road, and Westall Road, 1D Parsons Avenue offers excellent connectivity to greater Melbourne.

The thriving Springvale shopping precinct is less than 1km from the subject property, providing a wide range of amenities, including banks, Woolworths, Australia Post, and Chemist Warehouse. Springvale Shopping Centre is also nearby, featuring a variety of specialty retailers, eateries, and cafés.

Bunnings Warehouse is located nearby on Princes Highway, an Australian household hardware and garden centre chain.

Furthermore, M-City Shopping Centre is located just 4km from the subject property. As the largest mixed use development in Melbourne, M-City features three residential towers, a PARKROYAL Hotel, a retail precinct, and office spaces, attracting people from near and far.

Zoning

The subject property is zoned Commercial 2 under the City of Greater Dandenong Planning Scheme, according to the most recent Victorian zoning information available allowing for a broad range of uses.

Auction

1D Parsons Avenue, Springvale is being offered for Auction.

The property is offered for sale on the basis of: DEPOSIT:

10% of the agreed purchase price payable upon signing the Contracts 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 | Sales & Leasing 0418 358 700 pana@crabtrees.com.au

LUKA MAROLT

Executive | Sales & Leasing 0418 364 064 lmarolt@crabtrees.com.au

Annexure 1

Title & Plan of Subdivision

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. None of the State of Victoria, LANDATA REGD TM System, Victorian Land Registry Services Pty. Ltd. ABN 86 627 986 396 as trustee for the Victorian Land Registry Services Trust ABN 83 206 746 897 accept responsibility for any subsequent release, publication or reproduction of the information.

REGISTER SEARCH STATEMENT (Title Search) Transfer of Land Act 1958

VOLUME 09873 FOLIO 840

LAND DESCRIPTION

Security no : 124080843773M

Produced 19/12/2019 02:15 PM

Lot 18 on Registered Plan of Strata Subdivision 031426M.

PARENT TITLE Volume 09844 Folio 410

Created by instrument SP031426M 21/04/1989

REGISTERED PROPRIETOR

Estate Fee Simple

Sole Proprietor

BANCHI WILLOWS PTY LTD of UNIT 18 134 SPRINGVALE RD. SPRINGVALE V540678V 22/07/1998

ENCUMBRANCES, CAVEATS AND NOTICES

MORTGAGE V540679S 22/07/1998

NATIONAL AUSTRALIA BANK LTD

Any encumbrances created by Section 98 Transfer of Land Act 1958 or Section 24 Subdivision Act 1988 or Section 12 Strata Titles Act 1967 and any other encumbrances shown or entered on the plan set out under DIAGRAM LOCATION below.

DIAGRAM LOCATION

SEE SP031426M 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: 1D PARSONS AVENUE SPRINGVALE VIC 3171

ADMINISTRATIVE NOTICES

NIL

eCT Control 16089P NATIONAL AUSTRALIA BANK LIMITED Effective from 22/10/2016

OWNERS CORPORATIONS

The land in this folio is affected by OWNERS CORPORATION PLAN NO. SP031426M

DOCUMENT END

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