388 Punt Road, South Yarra

388 S O U T H

Y A R R A

Auction Wednesday 25th November 2020 at 12 noon on-site

CONTENTS INTRODUCTION 04 EXECUTIVE SUMMARY

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LOCATION 08 PROPERTY PARTICULARS

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SOUTH YARRA SUBURB PROFILE

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ZONING & TENANCY DETAILS

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MARKET SALES ACTIVITY

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SALE METHOD

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388 S O U T H

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Y A R R A

CHAPEL STREET SHOPPING PRECINCT

SOUTH YARRA TRAIN STATION

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K

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PUN

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INTRODUCTION

Aston Commercial are pleased to offer 388 Punt Road, South Yarra for sale via Auction on Wednesday 25th November 2020 at 12 noon on-site.

This exciting investment opportunity is located on major thoroughfare Punt Road and situated just South of flamboyant Toorak Road retail precinct. The large 316sqm* envelope of land has an expansive 15 metre* frontage which provides advantages for occupiers with both signage and on-site car parking opportunities.

The true hero of the property is the ASX listed tenant who has renewed their lease for a further 3-year term at $58,917 per annum* with a further 3-year option.

The exciting benefit of the ASX listed tenant is land tax is fully passed onto the tenant providing a substantial back pocket benefit to the potential purchaser.

Complete with beautiful existing fit-out, Aston Commercial highly recommends this property for your investment portfolio.

388 S O U T H

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Y A R R A

“ THIS EXCITING INVESTMENT OPPORTUNITY IS LOCATED ON MAJOR THOROUGHFARE PUNT ROAD AND SITUATED JUST SOUTH OF FLAMBOYANT TOORAK ROAD RETAIL PRECINCT.”

EXECUTIVE SUMMARY PROPERTY

LOCATION

388 Punt Road, South Yarra

Punt Road Precinct South of Toorak Road, South Yarra

DESCRIPTION

LEASE DETAILS

ASX listed Investment Opportunity on Sizeable Punt Road Envelope

Environmental Clean Technologies Limited Lease Term: 3 x 3 Rental: $58,917 + GST and Outgoings (inc. Land Tax)

BUILDING / LAND AREA

ZONING

BUILDING AREA: 138 sqm* LAND AREA: 316 sqm* CAR PARKING: 4 on-site

RGZ1 - Residential Growth Zone - Schedule 1

*Approx.

METHOD OF SALE

TERMS OF SALE

For Sale via Auction on Wednesday 25th November 2020 at 12 noon on-site.

10% deposit with settlement negotiable

EXCLUSIVE SELLING AGENTS

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Max Warren

Fred Nucara

Licensed Estate Agent 0488 296 892 max@astoncommercial.com.au

Director 0418 567 560 fred@astoncommercial.com.au

LOCATION PRESTIGE AND POSITION ON THE BANKS OF THE YARRA.

“ A MERE 4KM FROM THE MELBOURNE CBD, ONE OF THE MOST DESIRED LOCATIONS WITHIN THE INNER EASTERN FRINGE. RENOWNED FOR ITS EXTRAVAGANT TOORAK ROAD SHOPPING PRECINCT.” The affluent suburb of South Yarra, a mere 4km from the Melbourne CBD is one of the most desired locations within the Inner Eastern Fringe.

Renowned for its extravagant Toorak Road Shopping Precinct, high-end retailers, vast inner east office skyrises and lavish parklands.

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The main shopping region of South Yarra runs along Toorak Road and Chapel Street.

Trade along these two arteries are focused on trendy and upmarket shopping, restaurants, nightclubs and cafe culture.

South Yarra is also home to some of Melbourne’s

most prestigious residential addresses. Residential land price records (per square metre) have been set by properties in Domain Road, Walsh Street and Fairlie Court.

PEOPLE OF SOUTH YARRA Independence is the name of the game in South Yarra. Young singles flock to the area for the Chapel Street lifestyle, while more mature people enjoy the Toorak Road vibe alongside older residents who are South Yarra born and bred.

Text Source REA

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THE SOUTH YARRA LIFESTYLE Life in South Yarra can be a lush affair, and definitely one that can be tuned to fit your demographic. Chapel Street bustles with boutique browsers and a booming nightlife, while Toorak Road is a more classic, restrained strip of high-end

stores and restaurants and Domain Road is a quiet enclave of parkside cafes. Movie lovers can go blockbuster at the Jam Factory or independent at the small, lavish Como Cinema.

Just two train stops from the city, South Yarra is well-serviced

by trams, trains and buses, and home to some of the city’s most prestigious schools and prettiest parks.

Text Source REA

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FAWKNER PARK

SOME NEARBY BUSINESSES AND INFRASTRUCTURE INCLUDES: Shopping – Toorak Road – 150m Education o Melbourne High School 1.4km o South Yarra Primary School 230m o Christ Church Grammar School 50m o Melbourne Girls Grammar (Morris Hall Campus) 650m Train – South Yarra Station 650m unning/activity R o Fawkner Park 50m o The Tan 1km o Albert Park 1.5km 12

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PROPERT Y PARTICUL ARS

TITLE PARTICULARS Volume 09190 Folio 998 Lot 1 on Plan of Subdivision 119309

Punt Road Frontage

15.05 metres*

North Boundary

20.96 metres*

South Boundary

20.90 metres*

Rear Boundary

15.17 metres*

Total Land Area: *approx.

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316 square metres*

21 M

LAND DIMENSIONS AND AREA

21 M

15 M

15 M

PUNT ROAD

CAR PARK

SOUTH YARRA SUBURB PROFILE

MEDIAN PROPERTY PRICE

HOUSE BUY $1,668,000 2 BR $1,407,500

RENT $750 PW 3 BR $1,750,000

4 BR $2,955,000

2 BR $630PW

3 BR $900PW

4 BR $1,295PW

2 BR $540PW

3 BR $820PW

UNITS BUY $600,000 1 BR $418,000

RENT $450 PW 2 BR $692,000

3 BR $1,257,500

1 BR $390PW

Source REA

INDEPENDENT YOUTH

35.3%

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MATURING & ESTABLISHED INDEPENDENCE

22.1%

OLDER INDEPENDENCE

10.3%

ZONING AND TENANCY DETAILS ZONING: RGZ1 - Residential Growth Zone - Schedule 1 TENANT BUSINESS NAME: Environmental Clean Technologies Limited $58,917.36 + GST and Outgoings Inc Land Tax CURRENT TERM: 3 + 3 years RENT REVIEWS: Market Review at the commencement of further term OUTGOINGS: Paid by tenant Inc Land Tax CAR PARKING: 4 on-site OVERVIEW OF TENANT: Environmental Clean Technologies (ECT) is a public company listed on the Australian Stock Exchange (ASX: ECT).

Based in Melbourne, Australia, ECT is in the business of commercialising leading-edge technologies capable of delivering both financial and environmental benefits through the upgrading, recovery or conversion of low-value or waste resources.

Complimenting the core technology commercialisation business, ECT provides expert ’steam and boiler services’ to commercial and industrial customers, delivering lower total cost of ownership and lower CO2 intensity.

Website: http://ectltd.com.au/ 18

Ref: http://ectltd.com.au/

MARKET SALES ACTIVIT Y

RECENT SALES All comparable sales have transacted within the last 12 months and include:

PROPERTY

PRICE

DATE

RATE PSM/ LAND

YIELD

386 PUNT ROAD, SOUTH YARRA

$850,000

31/09/2019

$3,953

VP

384 PUNT ROAD, SOUTH YARRA

$620,000

05/10/2019

$4,504

VP

116 PUNT ROAD, WINDSOR

$1,400,000

01/05/2019

$3,174

4.5%

SALE METHOD METHOD OF SALE: Auction Wednesday 25th November 2020 at 12 noon on-site.

TERMS OF SALE: 10% deposit with settlement negotiable INSPECTIONS: Arranged in a COVID-safe environment with exclusive selling agents CONTRACT OF SALE & VENDORS STATEMENT: Available upon request

EXCLUSIVE SELLING AGENTS

Max Warren Licensed Estate Agent 0488 296 892 max@astoncommercial.com.au

Fred Nucara

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Director 0418 567 560 fred@astoncommercial.com.au

FAWKNER PARK

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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