140-146 Glen Eira Road, Elsternwick

140 -146 GLEN EIRA ROAD E L S T E R N W I C K

F OR PRIVAT E SALE

140 -146 GLEN EIRA ROAD E L S T E R N W I C K

CONTENTS

04 INTRODUCTION 06 EXECUTIVE SUMMARY 10 LOCATION 14 PROPERTY PARTICULARS 17

FLOOR PLANS

20 BUILDING & TENANCY DETAILS 22 SALE METHOD

3

INTRODUCTION

Aston Commercial are pleased to offer 140-146 Glen Eira Road, Elsternwick For Private Sale.

This iconic corner freehold building has been trading for several decades as Solomon Kosher Butcher. The facility housed its retail sales and production arms until August 2021.

In this time the local area has continued to go from strength to strength with a thriving local shopping village and nearby Ripponlea Railway Station ticking all the boxes for a future mixed-use project.

The existing building also offers significant infrastructure for incoming occupiers with retail, office and loading facilities.

We strongly recommend this property for your serious consideration.

4

E X E C U T I V E S U M M A RY

140 -146 GLEN EIRA ROAD E L S T E R N W I C K

Positioned on the North Eastern corner of Glen Eira Road & Acacia Street abutting the flourishing Ripponlea Shopping Village and Ripponlea Mansion Estate. This dual level solid brick retail building includes an office, warehouse space and loading areas.

LEASE DETAILS

LAND AREA

Building offered with Vacant Possession.

Lease in place for Telecommunications Mobile Phone Tower.

875 sqm*

BUILDING AREA

ZONING

1,200 sqm*

MUZ - Mixed Use Zone - Schedule 2

METHOD OF SALE

TERMS OF SALE

For Private Sale

10% deposit with settlement in 60-90 days *approx.

EXCLUSIVE SELLING AGENTS

6

Liam Rafferty

Fred Nucara

Jeremy Gruzewski

Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au

Director 0418 567 560 fred@astoncommercial.com.au

Director of Agency 0422 211 021 jeremy@astoncommercial.com.au

O C C U P Y O R D E V E LO P

P O S I T I O N I S E V E RY T H I N G .

RIPPONLEA SHOPPING VILLAGE Some popular local businesses forming part of the Ripponlea Shopping Village include: Attica Restaurant Ripponlea Food & Wine Bar Zelda Bakery Garage Wine Store Firebrand Bakery Victoria Fruit Palace The Local Grocer Spout Café

LO C AT I O N ELSTERNWICK Some nearby businesses and infrastructure includes:

Ripponlea Village – Glen Eira Rd Glen Huntly Road - Elsternwick Brighton Road – Elwood Glen Eira Road – Elsternwick

Elsternwick Primary School Caulfield Grammar Ripponlea Primary School Shelford Girls Grammar Sholem Aleichem College Star of the Sea College

Ripponlea Railway Station Tram – Route 67– Brighton Road Bus – Route 623 –Glen Eira Road

Ripponlea Estate Burnett Grey Gardens Greenmeadows Gardens Elsternwick Park

10

E L S T E R N W I C K

3 1 8 5

Elsternwick is one Melbourne suburb that manages to tick all the boxes. Home to a lively café, dining and shopping precinct while still maintaining its village feel, Elsternwick lies only three kilometres away from the beach, is an easy ten-kilometre commute into the city, and even has its own cinema. The rich history of the area is imbued in its many historic buildings and period homes, while more recent developments and rejuvenation have brought Elsternwick into the current era.

Surrounding Suburbs:

Ripponlea Balaclava

Caulfield North St Kilda East

MEDIAN HOUSE PRICE $2,550,000 Source: REA

12

P R O P E R T Y PA R T I C U L A R S

TITLE PARTICULARS

ZONING

Certificate of Title Volume: 10488 Folio: 774 Land Description Plan of Consolidation 362313V

Under the Glen Eira City Council Planning Scheme the land is zoned (MUZ2) Mixed Use 2 – Schedule 2.

LAND DIMENSIONS AND AREA

Glen Eira Road Frontage

21.34 metres*

Acacia Street Frontage

40.94 metres*

Eastern Boundary

41.04 metres*

Western Boundary

21.34 metres*

Total Land Area:

875 sqm*

*approx.

14

F LO O R P L A N S GROUND FLOOR

FIRST FLOOR

Full set of plans available upon request

15

B U I L D I N G & T E N A N C Y D E TA I L S The land and buildings have been acquired and adapted over decades to house Solomon Kosher Butcher that is an "institution" in the local area and community. Expansion and changing times has seen the business relocate to a purpose built facility.

Operating as a food manufacturing and retail facility there is significant infrastructure in place for a similar use or which can be cleared to provide a relatively open floor plate.

Existing Building Features include: • Retail shopfront with separate entrance and exit • Four crossovers with roller doors and garage spaces.

• Commercial kitchen • Open plan warehousing • Four independent office spaces • Refrigerated chillers • Freezer rooms • Staff change rooms • Tea rooms • Male & Female Bathrooms

The building is being sold with vacant possession however there is a lease in place to Vodafone Network Pty Ltd for a telecommunications tower on the rear roof of the building.

18

Current Rent

$22,687 per annum

Commencement Date

19th August 2015

Lease Term

20 years

Further Terms

Nil

Increases

3% annually

FUTURE USES This property offers itself to several future uses including;

MIXED USE DEVELOPMENT

WHOLESALE & MA

Opportunity to deliver a fantastic project

With its long history of m

capitalising on the prime corner location

building is already equip

and superb local amenity. A residential

numerous food operatio

pocket that has experienced significant

cool room infrastructur

growth and continued demand due to its

cooking areas. Highly ad

proximity to the beach, lifestyle attractions

also has a number of ke

and position to the city.

areas with 4 roller door Acacia Street.

ANUFACTURING

BULKY GOODS & RETAIL

manufacturing this

Offering great bones this property would

pped to accommodate

be extremely well-suited to buyers looking

ons with pre-existing

to relocate their business leveraging from

re, wet rooms and

the strong exposure and street presence

daptable the building

along with the ample loading facilities for

ey loading and storage

stock, deliveries and customer pick up.

access points from

SALE METHOD

140 -146 GLEN EIRA ROAD E L S T E R N W I C K

METHOD OF SALE

TERMS OF SALE

For Private Sale

10% deposit with settlement in 60-90 days

INSPECTIONS

CONTRACT OF SALE & VENDORS STATEMENT

Strictly by private appointment with the exclusive selling agents

Available upon request

EXCLUSIVE SELLING AGENTS

22

Liam Rafferty

Fred Nucara

Jeremy Gruzewski

Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au

Director 0418 567 560 fred@astoncommercial.com.au

Director of Agency 0422 211 021 jeremy@astoncommercial.com.au

DISCLAIMER “Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom. *Approximate