690 Victoria Road, Ryde - Information Memorandum

INFORMATION MEMORANDUM

Residential Unit Complex 690 VICTORIA ROAD, RYDE AUCTION 30TH OF JUNE - 5:30PM NEXT GEN HEALTH CLUB RYDE

Table of Contents INTRODUCTION..................................................3 INVESTMENT HIGHLIGHTS...................................4 LOCATION..........................................................6 PROPERTY DETAILS............................................8 TENANCY SUMMARY..........................................10 FINANCIAL SUMMARY........................................11 INVESTING IN RYDE..........................................13 METHOD OF SALE.............................................17 AGENTS...........................................................17 DISCLAIMER.....................................................18 CONTRACT FOR SALE........................................33

APPENDICES STRATA PLAN FLOOR PLANS PLANNING REPORT (MAP OF ZONING)

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Introduction Nicholls & Co Estate Agents are delighted to offer the Residential Unit Complex at 690 Victoria Road, Ryde for Sale by Auction, to be held on the 30th of June at the Next Gen Health Club in Ryde.

Nicholls & Co Estate Agents - Our Philosophy Nicholls & Co is a boutique modern agency focused on the person first and foremost and then the property. We do not work with clients, we work with people. Through personal attention and connecting with people on a deeper level we are able to understand comprehensively how best to deliver the results desired.

Passion, determination, etiquette and innovation are the core drivers of our business.

Being a modern agency we have the necessary fluidity to adapt to changes in the evolving world of real estate with particular focus on marketing revolutions.

The aim for every person we meet is to create a connection for life and to assist in any way possible from now and well into the future.

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Investment Highlights 100% Occupied Residential Complex 5 Units on One Title 5 immaculately presented residential apartments on one title. 4 two bedroom apartments and one 3 bedroom penthouse.

Fully occupied residential complex with leases as long as 2 years.

Large 531sqm R4 (High Density Residential) zoned landholding.

Situated in an established residential area close to Top Ryde Shopping Centre, Public transport, Concord Road.

Easy access to Sydney CBD. Ryde comprises an area of 40.651 square kilometres (15.695 sq mi) and as at the 2020 census had an estimated population of 133,224.

Residential demand in Ryde is up 290% since March 2020 (views per listing for sale) and Ryde's median apartment price has increased 25.5% in the last 5 months Strata approved yet not registered, potential for future subdivision and on-sale (STCA).

Estimated Gross Income: $132,681.44 pa

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"Situated in established residential area amongst important social infrastructure and amenity."

Location The subject property is situated 12.9 km to CBD via Victoria Road and 17.9 km via the M2.

It is positioned in an established residential area amongst important social infrastructure and amenity such as Westfield Top Ryde (750m) St Anne's Anglican Church (650m) Ryde Park (700m) St Charles Catholic Primary School (850m) The property has easy access to Victoria Road and the Sydney CBD via Victoria Road and the M2 - they are the main thoroughfare connecting traffic to the CBD.

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Property Details Address 690 Victoria Road, Ryde Title Particulars Lot A on Deposited Plan 346627 Folio A/346627 Zoning R4 (High Density Residential) zoning under the Ryde City Planning Scheme.

Site Dimensions The land is irregular in shape and has the following approximate dimensions 117.6m x 65.8m x 39.9m x 41.1m as per the Title Plan.

Building Description The complex consists of 4 two bedroom units varying in size between 123sqm - 269sqm, one 3 bedroom penthouse 207sqm. Car space & seperate storage for each lot as well as two visitor parking spaces.

Other Features Land: 531 sqm Building Area: Approx 272 sqm Development Zone: High Density Residential Access to building basement via Gladstone Avenue

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Tenancy Summary Unit 1 - 100 sqm Tenant : Francesco Barbuto Lease Term: 12 months | Start Date: 3/8/20 - End Date: 2/8/21 Bond: $2,160 Rent: $1,080 fortnightly, $540 p/w Unit 2 - 100 sqm Tenant : Anoop Singh Lease Term: 6 months | Start Date: 7/12/20 - End Date: 6/6/21 Bond: $2,000 Rent: $2,172.62 calender monthly. $500 p/w Unit 3 - 100 sqm Tenant : Nalini Reddy Lease Term: 12 months | Start Date: 06/5/21 - End Date: 5/5/22 Bond: $2,000 Rent: $1,000 fortnightly, $500 p/w Unit 4 - 100 sqm Tenant : Edwina Brown Lease Term: 12 months | Start Date: 28/11/20 - End Date: 27/11/21 Bond: $2,120 Rent: $1,060 fortnightly, $530 p/w Unit 5 - 200 sqm Tenant : Shaun L Deutrom Lease Term: 12 months - periodical lease Bond: $2,600 Rent: $1,300 fortnightly, $650 p/w 10

Financial Summary Income Rent

$132,631.44pa

Total Income

$132,631.44 pa

Less Non-Recoverable Outgoings Council Rates Water Rates Building Insurance Electricity Land Tax Lift Service Total Outgoings

$3,083.00 pa $5,118.05 pa $7,766.00 pa $1,912.05 pa $1,790.65 pa $2,424.00 pa $22,093.75 pa

Total Estimated Income

$110,537.69 pa

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Investing in Ryde (1 of 2)

Economic Profile The City of Ryde is located in Sydney's north-western suburbs, about 10 kilometres from the Sydney GPO. The City of Ryde is bounded by Hornsby Shire and the Ku-ring-gai Council area in the north, Willoughby City, the Lane Cove River and the Hunters Hill Municipality in the east, the Parramatta River in the south, and the City of Parramatta in the west.

City of Ryde's Gross Regional Product is estimated at $16.74 billion, which represents 2.7% of the state's GSP (Gross State Product).

Residential development approvals in Ryde have hit record levels so far in FY2021, with an average of $29.4 million in new projects approved per month, up 38% on FY2020 and 49% ahead of FY2019.2 See chart below.

Ryde comprises an area of 40.651 square kilometres (15.695 sq mi) and as at the 2020 census had an estimated population of 133,224.

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Investing in Ryde (2 of 2)

Ryde Residential Property: Market Snapshot

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Method of Sale Auction 30th of June - 5:30pm Next Gen Health Club Ryde

Interstate and Off-Site Bidding For approved purchasers Strictly by prior arrangement

Inspections There will be an opportunity throughout the campaign to inspect the property via private inspection. Please contact the exclusive selling agents for further information.

Exclusive Selling Agent

Nicholls & Co Estate Agents Pty Ltd 1/569 Great North Road, Abbotsford, NSW 2046 PO BOX 3380, Wareemba NSW 2046 Cameron Nicholls - 0421 733 118 cameron@nichollsandco.com.au Office - 02 9713 7433 17

Disclaimer The information contained in the report/information memorandum has been prepared in good faith and due care by the Vendor and Nicholls & Co Estate Agents. Any projections contained in the report therefore, represent best estimates only and may be based on assumptions.

The information contained herein is supplied without any representation as to its truth or accuracy. All interested parties should make their own enquiries to satisfy themselves in all aspects and obtain their own independent advice in order to verify any of the information. All stated dimensions and areas are approximate.

The vendor does not represent or warrant the accuracy of any information contained in this document. Subject to any statutory limitation on its ability to do so, the vendor disclaims all liability under any cause of action, including negligence, for any loss arising from reliance on this document.

Specifically, we make the following disclosures: All areas, measurements, boundaries, car space numbers, rents are approximate only and subject to final confirmation; The indicative depreciation schedule is an estimate only and cannot be used for tax purposes.

Intellectual Property The information contained in the report has been prepared in good faith and due care by Nicholls & Co Estate Agents. The contents of this document are proprietary to Nicholls & Co Estate Agents this includes: research including transactional data and reproduction of this information by any other part is not authorised. All other information contained herein is from noted sources deemed reliable, however Nicholls & Co Estate Agents does not represent or warrant the accuracy of any information contained in this document.

GST Disclaimer Nicholls & Co Estate Agents advises that the financial information in this report relating to income, outgoings and the like is provided without reference to the possible impact of GST, if any. Purchasers should make their own assessment of the impact of GST on the investments and the returns derived there from after obtaining expert professional advice.

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Appendix 1: Strata Plan

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Appendix 2: Floor Plan

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Appendix 3: Planning Report (map of zoning)

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Contract For Sale A COPY OF THE CONTRACT FOR SALE CAN BE DOWNLOADED FROM THE BELOW DROP BOX LINK HOWEVER, WE PREFER IF YOU REQUEST A COPY FROM ONE OF OUR AGENTS.

Download Here

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