226 Hawthorn Road, Caulfield North

FOR SALE BY PUBLIC AUCTION ON WEDNESDAY THE 17TH OF AUGUST AT 12PM

Light filled showroom of 100 sqm with 7 metre frontage

226

Hawthorn Rd CAULFIELD NOR TH

Contents 4. IN TROD U C TION 6. EX EC U TIVE SU MMARY 8. LOCATION 12. WH Y BU Y? 14. P ROP ER TY PAR TIC U L ARS 16. TEN AN C Y D ETAILS 18. S ALE METH OD

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INTRODUCTION

Having fine-tuned and sold antique furniture, and pianos for nearly three decades the property itself is now available to be sold and fine-tuned

Aston Commercial are pleased to offer 226 Hawthorn Road, Caulfield North for sale via Auction on Wednesday the 17th of August at 12pm onsite.

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for your own specific use. This really is a rear and unique opportunity for the next owner to create their own space. Either utilising the existing improvements or the impressive land parcel.

The two storey double fronted property offers side by side retail and workshop which leads into a functional existing residential home.

First time offered in

67 YEARS

The property has good bones, with well

Offered for the first time in over 67 years this truly

proportioned rooms that can be utilised for a

is a rare opportunity. Currently leased to Feeling

number of commercial purposes. Medical, allied

Furniture on a month-to-month lease, providing a

health, retail/ showroom along with food and

sale as a going concern and a vacant possession

beverage are all viable opportunities.

for owner occupiers.

The elite position near the corner of Glen Eira

Aston Commercial highly recommend this

and Hawthorn Road give strong exposure to

once in a generation property for your serious

any business venture within this tightly held and

consideration.

exclusive suburb.

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EXECUTIVE SUMMARY

226

Hawthorn Rd CAULFIELD NOR TH

Well presented double fronted dual level building with opportunity for owner occupiers, investors or developers LOCATION

AREA

South East shopping strip, meters away from the corner of Glen Eira Road and Hawthorn Road

Land Area: 495 sqm* Building Area: 342 sqm*

ZONING

LEASE DETAILS

Commercial 1 Zone (C1Z)

Month-to-month tenant returning $31,719.96 p.a. that makes the sale GST free

METHOD OF SALE

TERMS OF SALE

For sale via Public Auction on Wednesday the 17th of August at 12pm onsite

10% Deposit with Settlement of 60-90 Days

*approx.

EXCLUSIVE SELLING AGENTS

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Jeremy Gruzewski

Sebastian Origlia

Fred Nucara

Executive Director 0422 211 021 jeremy@astoncommercial.com.au

Agency Executive 0428 056 294 sebastian@astoncommercial.com.au

Executive Director 0418 567 560 fred@astoncommercial.com.au

LOCATION Situated near the corner of Hawthorn Road and Glen Eira Road in Caulfield North on the boundary to Caulfield. The location boasts proximity to a wide variety of numerous schools, parks, shopping centres, restaurants, bars with ample transport for access.

Hawthorn Road which acts as a thoroughfare between Malvern and Brighton which provides strong exposure.

Some nearby businesses and infrastructure includes:

SHOPPING • • • •

Malvern Central Caulfield Plaza Shopping Centre Elsternwick Village Chadstone Shopping Centre

EDUCATION • • • •

Caulfield Grammar School Monash University Ripponlea Primary School Shelford Girls’ Grammar

RECREATION AND LIFESTYLE • • • •

Caulfield Park Caulfield Library Caulfield Racecourse Caulfield Aquatics

HEALTH • • • •

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Cabrini Hospital Caulfield Hospital Caulfield Medical Centre Dorevitch Pathology

SUBURB PROFILE

BUY

Median House Price

Median Unit Price

$2,578,000

$690,000

RENT $787 per week $410 per week

Why buy?

Flexible Commercial 1 Zoning allowing for future development

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A plethora of opportunities • Retail • Office • F&B • Mixed Use

Dual retail/workshop and residential property

Month to month tenancy means move in now or when best fits with your planning whilst earning an income

495 sqm* in commercial strip

First time offered in 67 years

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PROPERTY PARTICULARS

PROPERTY DESCRIPTION The property has been leased to the current tenant for the last 30 years and is currently split into a dual retail workshop and residential home. The wide frontage presents as a retail showroom that runs parallel with a driveway leading to the workshop. Beyond the showroom is a small office that then leads into the residential property. With the bones of a great layout the ground floor residence has a lounge room, kitchen, bathroom, and laundry.

The rest of the residence follows upstairs with three bedrooms and a bathroom. Towards the back of the property the sunlit garden provides for a great open space with sheds to accommodate for storage.

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226

Hawthorn Rd CAULFIELD NOR TH

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WM

DW

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TENANCY DETAILS

The property is being sold with monthly tenancy making the sale GST free. Being monthly, new owners can take advantage of the property as soon as possible or benefit from the income whilst deciding future plans on the property.

The tenant is a well known store for antique sales and restorations. Established in 1991, Feeling Furniture has served Melbourne for over 30 years. We stock a range of Antique, Art Deco, Mid-20th Century, Retro and Modern Furniture as well as smaller items such as mirrors, lamps, and bric-a-brac. http://www.feelingfurniture.com.au/

TENANT BUSINESS NAME Feeling Furniture

CURRENT RENT $31,720 per annum

TERM Month-to-month

OUTGOINGS Paid by tenant

“Medical, allied health, retail/ showroom along with food and beverage are all viable opportunities.”

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TITLE PARTICULARS Volume: 08055 Folio: 533 Lot 1 on Title Plan 223275C

LAND DIMENSIONS AND AREA Hawthorn Road Frontage

11.6 metres*

Depth 42.7 metres* Total Land Area:

495 square metres*

ZONING Under the City of Glen Eira Planning Scheme the land is zoned Commercial 1 – C1Z *approx.

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SALE METHOD

226

Hawthorn Rd CAULFIELD NOR TH

METHOD OF SALE

TERMS OF SALE

For sale via Public Auction on Wednesday the 17th of August at 12pm onsite

10% Deposit with Settlement of 60-90 Days

INSPECTIONS

CONTRACT OF SALE & VENDORS STATEMENT

Strictly by private appointment

Available upon request

EXCLUSIVE SELLING AGENTS

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Jeremy Gruzewski

Sebastian Origlia

Fred Nucara

Executive Director 0422 211 021 jeremy@astoncommercial.com.au

Agency Executive 0428 056 294 sebastian@astoncommercial.com.au

Executive Director 0418 567 560 fred@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