119-121 Hawthorn Road, Caulfield North

119–121 Hawthorn Road Caulfield North For Sale by Expressions of Interest closing Wednesday 16th March at 3pm

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Executive Summary Tenancy Details Property Particulars Location Sale Method

119–121 Hawthorn Rd, Caulfield North

Introduction The patronage and expansion of the tenant, in addition to the outstanding and tightly held location, makes this an outstanding investment for your property portfolio.

Aston Commercial and Fitzroys are pleased to offer 119-121 Hawthorn Road, Caulfield North For Sale by Expressions of Interest closing Wednesday 16th March at 3:00pm This incredible opportunity consists of a renovated and fully operational food grade facility prominently located in a tightly held neighbourhood shopping strip near the intersection of Balaclava Road and moments from Caulfield Park.

The property is leased to well-known and renowned bakery Baker Bleu, that is a local institution and fast becoming one of if not Melbourne's best baker. Locals will have seen the early morning line up from those keen to secure their serve of the delicious bread products.

The patronage and expansion of the tenant, in addition to the outstanding and tightly held location, makes this an outstanding investment for your property portfolio. As exclusive selling agents, we highly recommend this once in a generation asset for your serious consideration.

Please contact one of the conjunctional agents to secure your private inspection. *approx.

Information Memorandum

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The property is leased to well-known and renowned bakery Baker Bleu, that is a local institution.

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119–121 Hawthorn Rd, Caulfield North

Executive Summary Property:

Location:

Description:

119–121 Hawthorn Road Caulfield North

Premium suburban retail strip

Secure investment to renowned & established tenant with future development upside (STCA)

Land Area:

Building Area:

Zoning:

420sqm*

380sqm*

Commercial 1

Lease:

Method of Sale:

Terms of Sale:

Current income of $123,735 per annum on an initial 5 year lease plus options

For Sale by Expressions of Interest closing Wednesday 16th March at 3pm

10% deposit with settlement in 60-90 Days

Exclusive Selling Agents:

Chris Kombi 0438 156 236

Jeremy Gruzewski 0422 211 021

Mark Talbot 0409 222 411

Rodney King 0422 839 870

*approx.

Information Memorandum

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Prime Inner City Melbourne Location

Tenancy Details

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Baker Bleu is a part of a strong community of farmers, producers, restaurants and cafes in Melbourne. Ingredients of the highest quality are paramount to their products and have utmost respect for the planet, producers and product they create. They make sourdough bread & pastries with patience and respect to achieve bread to share and enjoy.

History

In today’s fast paced world Baker Bleu tries to bring back the joys of real bread using the ancient techniques of long fermentation sourdough. They harness modern innovation in baking to create an ancient product with the least impact on our bakers.

People come from far and wide to buy their amazing products and there are often queues of people lined up from early morning.

119–121 Hawthorn Rd, Caulfield North

Mike & Mia Russell started Baker Bleu in 2016 wanting to create ethical and delicious sourdough bread for Melbourne to enjoy. Baker Bleu started as a small bakery in Elsternwick and was lovingly embraced by the community.

In 2019 Baker Bleu moved to its larger premises in Caulfield North and they feel very privileged to be able to provide bread to the broader community and some of our favourite restaurants.

Baker Bleu's success has seen them open a second outlet at 546 Malvern Road, Hawksburn

Tenancy Details Tenant:

Baker Bleu PTY LTD

Current Rent:

$123,735 per annum plus GST

Reviews:

4% annual increases with market review at option

Outgoings:

All statutory outgoings are paid by the tenant

Lease Term:

5 years from September 2018

Further Terms:

5 + 5 years

Security:

Bank guarantee equivalent to 2 months rent plus GST & directors personal guarantee

The lease includes a “Demolition Clause” which applies from September 2028 and can be activated with 12 months’ notice from this date 10

119–121 Hawthorn Rd, Caulfield North

Baker Bleu in the Press.

Information Memorandum

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Property Particulars Property Description: The property comprises of a substantial double fronted two level building of approximately 380 sqm*. The property has a frontage to Hawthorn Road of 10 metres* with rear access via ROW off Halstead Street and off street parking. The property has been substantially renovated for the sale and production of bread and bakery products.

The property includes a retail space plus additional food manufacturing facilities with food preparation and baking area to the side and rear with multiple ovens. Upstairs are offices and bathroom facilities for the staff.

Title Particulars: Volume: 9875 Folio: 004 Lot 1 on Title Plan 142512Q Volume: 8213 Folio: 431 Lot 1 on Plan of Subdivision 42365

Land Dimensions & Area: Hawthorn Road Frontage Depth

10.13 metres* 41.45 metres*

Total Land Area:

420 square metres*

Zoning: Commercial 1 The property is within a Commercial 1 Zone under the City of Glen Eira planning scheme. *approx.

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119–121 Hawthorn Rd, Caulfield North

Floor Plan Building Area: 380 sqm*

Car Parking & Loading Zone

Warehouse

Kitchen

Retail

Ground Floor

Office

Office

Office

First Floor Information Memorandum

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Rear access adds to future development potential.

Location

119-121 Hawthorn Road is situated in a sensational location within Caulfield North near the intersection of Balaclava Road and Caulfield Park. The property is close to numerous prestigious schools, shopping centres, cafés, a leading university with an abundance of public transport options. This location is complemented by a mix of local traders, office buildings and surrounded by numerous multi-level residential developments.

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119–121 Hawthorn Rd, Caulfield North

Retail & Entertainment: Glenferrie Rd Retail Strip Malvern Malvern Central Shopping Centre Caulfield Plaza Shopping Centre Glen Huntly Rd Elsternwick Retail Strip Balaclava Shopping Village Chadstone Shopping Centre 20

119–121 Hawthorn Rd, Caulfield North

Education: 1km* 1km* 1.6km* 1.7km* 2.6km* 4.8km*

Caulfield Junior College Melbourne Grammar School Caulfield Grammar School St Aloysius Catholic Primary School Caulfield Park Community School Monash University Caulfield Campus

400m* 1.4km* 1.9km* 20m* 650m* 1.5km*

119-121 Hawthorn Road is located in the bustling and thriving community retail strip that services the local community.

Recreation & Lifestyle: Caulfield Park Caulfield Park Bowls Club Caulfield Park Tennis Club Caulfield Racecourse

Health: 200m* 350m* 380m* 1km*

Cabrini Hospital Caulfield Hospital Masada Private Hospital

Transport: 1.2km* 1.2km* 2km*

Tram routes 3, 16, 64 Malvern Train Station Caulfield Train Station Dandenong Road

100m* 1km* 1.4km* 1km*

*approx.

Information Memorandum

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Sale Method

Method of Sale:

Terms of Sale:

For Sale by Expressions of Interest closing Wednesday 16th March at 3pm

10% deposit with settlement in 60-90 Days

Exclusive Selling Agents:

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Inspections:

Strictly by Appointment

Chris Kombi 0438 156 236

Jeremy Gruzewski 0422 211 021

Mark Talbot 0409 222 411

Rodney King 0422 839 870

119–121 Hawthorn Rd, Caulfield North

Disclaimer “Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd & Fitzroys 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 & Fitzroys 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 & Fitzroys 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