143 Church Street, Richmond

143 CHURCH ST REET RICHMOND

FOR SALE BY AUCTION 1 0 T H O C T O B E R 2 0 1 9 AT 1 2 P M

CONTENTS 5 Introduction 7

Executive Summary

8 Location 10

Property Particulars

12

Market Sales Activity

13

Method of Sale

13 Disclaimer 14 Appendices

I Title

II Floor Plan

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MCG

EPWORTH RICHMOND

143 CHURCH STREET C I T I Z E NS PAR K

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Introduction Aston Commercial are delighted to offer 143 Church Street, Richmond for sale via public Auction Thursday 10th of October 2019 at 12pm.

Church Street has become the playground for the elites and boutiques. Fighting for the position to get their name up in lights! National showrooms, chic café’s and niche retailers decorate the exclusive and tightly held strip buying for a piece of the grand exposure that the iconic strip provides.

H STREET

Presented centrally in neat line of three is such an offering.

A blank canvass with the potential to create your own mark on the exclusive strip. Whether that’s your own nifty retail outlet, business HQ or perhaps your looking to invest smartly in the popular Richmond landscape, the options are all here!

In the tightly held strip whatever your property plan, Aston Commercial recommends 143 Church Street Richmond for your serious consideration.

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Executive Summary

Property Address

Description

143 Church Street, Richmond VIC 3121

Neat retail offering in an exclusive line of three comprising of flexible retail space expanding office and potential to value add.

Location

Junction of Church and Highett Streets neighbouring local hero Citizens Park.

Terms of Sale Zoning

10% deposit with settlement offered in 60 days.

Commercial 1 Zone

Land Area

Method of Sale

141 sqm*

Public Auction Thursday 10th of October 2019 at 12pm On-site *Approx.

Building Area

82 sqm*

Fred Nucara Director 0418 567 560 fred@astoncommercial.com.au

Max Warren Sales Executive 0488 296 892 max@astoncommercial.com.au

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Richmond 3121

The Inner-City Giant with The Heart to Match.

RICHMOND HIGH SCHOOL RICHMOND R E C R E AT I O N C E N T R E

C I T I Z E NS PAR K

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Location

Lifestyle It might be neighbours with a towering CBD but Richmond, with its labyrinth of intriguing backstreets, thrives on smaller, more unique charms.

Richmond is an easy distillation of all the good things in life. It’s urban, but it’s not manic. Let this compact, inner-city suburb unfold and you’ll find yourself right at home with the decorated retail strips, its boutique parks or the worldrenowned sporting precinct including the MCG and Rod Laver Arena.

Shopping

Coles Supermarket Bridge Road Victoria Street Victoria Gardens Shopping Centre

150 metres 300 metres 500 metres 1.2km

Transport

78 Tram 48 & 75 Trams West Richmond Train Station

Doorstep 350 metres 750 metres

Recreation

Citizens Park Richmond Recreation Centre MCG Precinct Yarra River

15 metres 300 metres 1.3km 1.9km

Hospitals

Epworth Richmond Hospital St Vincent’s Private Hospital East Melbourne Day Hospital

900 metres 1.6km 1.9km

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Property Particulars

The property is contained in certificate of title Volume 08546 Folio 073

Neat and well-presented offering the centre of a line of three (3) retail shops.

Self contained with modest retail component expanding into office/storage area and complete with a rear courtyard and facelifted façade.

Total Land Area 141 sqm* Church Street Frontage

5 m*

Depth

29 m*

Zoning

Commercial 1 Zone

To create vibrant mixed-use commercial centres for retail, office, business, entertainment and community uses. To provide for residential uses at densities complementary to the role and scale of the commercial centre.

Possession

Offered Vacant

CHURCH STREET

29m

5m

H IG H E T T S T R EET

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Market Sales Activity

Address

Sale

Date

Rent

Floor Area sqm

Land Area sqm

PSM Land

323 Lennox Street Richmond

$910,000.00

27/03/2019

$45,000

140

127

$7,165.35

337 Swan Street Richmond

$1,170,000.00

14/09/2018

VP

180

180

$6,500.00

432 Bridge Road Richmond

$1,061,500.00

16/07/2018

VP

116

140

$9,150,86

410 Church Street Richmond

$1,150,000.00

16/09/2017

$45,000

146

146

$7,876.71

Method of Sale

Terms of Sale

Contract of Sale & Vendors Statement

10% Deposit with settlement offered in 60 days

Available on request

Inspections

Method of Sale

Arranged with Exclusive Selling Agents

Public Auction Thursday 10th of October 2019 at 12pm on-site

Max Warren Sales Executive

Fred Nucara Director

0488 296 892

0418 567 560

max@astoncommercial.com.au

fred@astoncommercial.com.au

DISCLAIMER This Report has been compiled by Wellara Holdings Pty Ltd Trading As Aston Commercial (Agent) for and on behalf of the vendor for the information of interested parties to assist them in considering the purchase of the property offered for sale. The information does not constitute all or any part of an offer or contract of sale, and is intended as a guide only. The information contained in the Report has been prepared in good faith and interested parties shoul note that the calculations contained in the Report are based on information provided to Aston Commercial and by external sources and have not been independently verified by Aston Commercial.

Any projections contained in the Report represent best estimates only and may be based on assumptions, which while reasonable, may not be correct. Aston Commercial advises that the financial information in this Report relate to income, outgoings and the like is provided without reference to the possible impact of gst, if any. Purchasers must make their own assessment of the impact of gst on the investment, properties, lease etc and the returns derived there from after obtaining independent expert advice. Prospective buyers should note that the recovery of outgoings from a tenant is subject to the application of and proper compliance with the Retail Leases Act 2003 (Vic). The Act applies to leases of retail premises in Victoria. If the Act applies, certain outgoings, such as land tax and some maintenance costs cannot be recovered from the tenant. If the Act applies, other outgoings, such as management fees, can only be recovered from the tenant if the Act has been complied with. Interested parties should not rely on any material contained in a brochure or the Report as a statement or representation of fact but should satisfy themselves as to its correctness by independent investigation. The Agent does not warrant that the information contained in The Report will be accurate or correct.

The Agent provides this document on the condition that, subject to any statutory limitation to do so, The Agent disclaims liability under any cause of action including negligence for any loss arising from reliance upon this document. This Report is provided on a confidential basis to the recipient for the sole use of persons directly provided with it by the Agent and is not to be provided to any other person without the prior written consent of Aston Commercial.

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Appendices Appendix I

Appendix II

The above is an artist’s impression only, it includes elements that are for display purposes only and may not be to scale.

Landscape shown is indicative only.

Dimensions are approximate.

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143 CHURCH ST REET RICHMOND