1 Barkly Street, Sunbury

No.1 B A R K LY S T R E E T

SUNBURY

FOR SALE BY P U B LIC AU CTION ON W E DNE S DAY 24TH F E B RUA RY 2021 AT 12 NO ON ON - S I TE

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Contents 04 Introduction 08

Executive Summary

10 Location 14

Property Particulars

16

Current Site Use

20

Future Site Potential

21

Market Activity

22

Sale Method

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Introduction 4 | N O . 1 B A R K LY S T R E E T , S U N B U R Y

Aston Commercial are pleased to offer 1 Barkly Street, Sunbury for sale

by Public Auction on Wednesday 24th February 2021 at 12 noon on-site.

This incredibly rare opportunity consists of a significant corner landholding of 1,011 sqm on the fringe of Sunbury’s major retail precinct offered to buyers with the flexibility of vacant possession.

The property benefits from numerous infrastructure and refurbishment improvements during its life as a health and beauty clinic. The layout and location will also suit medical occupiers and investors looking to capitalize on the on-site parking and expansive consulting rooms.

Also suiting builders and developers, this site is ready to go in its existing form or could be redesigned into various residential or specialist commercial use projects, subject to obtaining Council approval.

Aston Commercial believes there is enormous upside to this property and encourages your serious consideration.

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Executive Summary Property:

Location:

1 Barkly Street, Sunbury Victoria 3429

This property sits approximately 39km North-West of Melbourne’s CBD and is just a short stroll to Sunbury’s Evans Street shopping precinct.

Description:

Zoning:

Land Area:

Building Area:

Freehold property with existing use as a Health & Beauty clinic with additional on-site parking for 14+ vehicles.

1,011 sqm Method Of Sale:

For sale by Public Auction on Wednesday 24th February 2021 at 12 noon on-site.

GRZ1 - General Residential Zone Schedule 1

188 sqm Terms Of Sale:

10% deposit with settlement in 60-90 days

EXCLUSIVE SELLING AGENTS

Liam Rafferty

Jeremy Gruzewski

0421 886 655 liam@astoncommercial.com.au

0422 211 021 jeremy@astoncommercial.com.au

Senior Sales Executive

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Director of Agency

No.1 B A R K LY S T R E E T

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This property is located in Sunbury approximately 39km North-West of Melbourne’s CBD on the intersection of Barkly and Macedon Streets.

Located within the City of Hume this is one of Melbourne’s Residential Growth Corridor locations with an expected population increase of 115% forecast by 2041.

The surrounding area is well serviced by public transport with Sunbury Railway Station active on both the metro rail line and also serves the V/Line with services to Bendigo and Echuca.

Location 1 0 | N O . 1 B A R K LY S T R E E T , S U N B U R Y

Access to Melbourne Airport and the CBD is also well serviced by major arterial the Calder Freeway.

Some nearby businesses, infrastructure and schools include:

Retail Sunbury Square Shopping Centre Retail precinct (Evans Street) • Coles • Woolworths • Big W • Target Bulky goods precinct (Vineyard Road) • Bunnings • Reece Plumbing • Middy’s • The Good Guys

Education Our Lady of Mount Carmel Primary School Sunbury College Salesian College St Mary’s College

Transport Sunbury Railway Station Bus Service (Route 486)

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O U R L A DY O F M O U N T C A R M E L P R I M A RY S C H O O L

S U N B U RY P O L I C E S TAT I O N

M

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A

C

ED

O

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ST

E RE

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HUME GLOBAL LEARNING CENTRE

L I B R A RY & C O M M U N I T Y C E N T R E

V I C R OA D S

No.1 B A R K LY S T R E E T

BAR

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Title Particulars The property is outlined on the Certificate of Title as follows: Volume: 06138 Folio: 596 Lot 1 on Title Plan 383358B

Land Dimensions And Area

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Barkly Street Frontage

50.29 metres*

Macedon Street Frontage

20.11 metres*

Eastern Boundary

50.29 metres*

Southern Boundary

20.11 metres *

TOTAL LAND AREA

1,011 square metres*

*approx.

20.11 m

50.29 m

No.1

50.29 m

B A R K LY S T R E E T

1,011 sqm 20.11 m

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Current Site Use Zoning

Under the Hume City Council Planning Scheme the land is zoned General Residential Zone – Schedule 1 (GRZ1).

Existing Use The property currently operates under existing use rights allowing for Counselling, Beauty, Natural Therapies, Massage & Wellbeing Centre.

Building Accommodation Current improvements include: • Reception & waiting room • 8 consultation rooms • Open salon floor • Polished floorboards • Kitchen • Staff & ustomer toilets • Disabled ramp access • On-site parking for 14+ vehicles

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No.1 B A R K LY S T R E E T

Floorplan

Site plan

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WO O LWO R T H S

S U N B U RY R A I LWAY S TAT I O N

HARRIS SCARFE

No.1 B A R K LY S T R E E T

BARKL Y STRE E

V I C R OA D S

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W E S T E R N WAT E R

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S U N B U RY S Q UA R E S H O P P I N G C E N T R E S U N B U RY C O L L E G E

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Medical Subject to planning approval (STPA) the site could work well for a specialised medical centre. The dual frontage would provide flexibility for appropriate street access, at grade parking for patients and medical professionals and has a number of other specialist medical professionals in close proximity.

Residential Townhouses With the existing zoning allowing for a residential subdivision and development, there could be scope for a project consisting of a number of townhouses given the superb road access and combined street frontage of over 70 metres.

Residential Home An extremely unique ability for an astute builder to design a luxury residential home or someone that may renovate the existing structure and capitalise on the central corner location.

Future Site Potential Whilst the site has existing use rights for a Health & Beauty Centre, there is substantial potential for various forms of other projects (STPA) including: 2 0 | 1 B A R K LY S T R E E T , S U N B U R Y

1 Barkly Street: Potential Rental Building Area: PSM: Rental:

188 sqm $325 - $350 $61,100 - $65,800 pa

31 Barkly Street: Actuals Our office recently sold a General Residential zoned property of a similar nature that sold subject to existing use rights as a medical consulting suite with on-site parking.

A summary of this property is as follows: Address

31 Barkly Street, Sunbury

Price

$858,000

Sale Date

May 2020

$/ PSM of Building

$8,250

Land Area

610 sqm

$/PSM of Land

$1,406

Building Area:

Market Activity Given the nature of the building, facilities provided and significant on-site parking, we are of the view that this property if available for lease should achieve a rental rate as follows:

PSM: Rental:

104 sqm $490 $51,000 pa

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Sale Method Method Of Sale:

Terms Of Sale:

Inspections:

Contract Of Sale & Vendors Statement:

For sale by Public Auction on Wednesday 24th February 2021 at 12 noon on-site.

Strictly by private appointment with the exclusive selling agents.

10% deposit with settlement in 60-90 days.

Available upon request.

EXCLUSIVE SELLING AGENTS

Liam Rafferty

Jeremy Gruzewski

0421 886 655 liam@astoncommercial.com.au

0422 211 021 jeremy@astoncommercial.com.au

Senior Sales Executive

2 2 | 1 B A R K LY S T R E E T , S U N B U R Y

Director of Agency

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DISCLAIMER This document has been prepared by Aston Commercial Pty Ltd for advertising and general information only. Aston Commercial Pty Ltd do not guarantee, warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Aston Commercial Pty Ltd excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising therefrom. *Approximate