MULGRAVE
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING
WEDNESDAY 2ND APRIL AT 2PM
Introduction
Crabtrees Real Estate in conjunction with Cameron are excited to offer 15-17 Glenvale Crescent, Mulgrave for Sale via Expressions of Interest closing Wednesday 2nd April at 2pm.
With a gross building area of 2,214m2* and four self contained tenancies fully let to 3 quality tenants, this is an outstanding opportunity for investors to secure a high quality multi-tenanted premises returning $364,221.80 per annum in a prime a-grade Mulgrave location.
Exclusive Selling Agents
GAVIN DUMAS Partner 0411 878 423 gavin@crabtrees.com.au
JOE MONEA Director 0448 486 665 jmonea@crabtrees.com.au
NIC SAL Director 0422 261 649 ns@cameron.com.au
MATTHEW GIBSON Sales & Leasing Consultant 0421 573 106 mg@cameron.com.au
Executive Summary
PROPERTY ADDRESS 15-17 Glenvale Crescent, Mulgrave VIC 3170
METHOD OF SALE
Expressions of Interest closing Wednesday 2nd April at 2pm
PROPERTY OVERVIEW Four self contained tenancies fully let to 3 quality tenants.
BUILDING AREA
2,214m2*
LAND AREA 4,230m2*
LAND & TITLE PARTICULARS
ZONING
TENANT
RENTAL INCOME
TERMS OF SALE
Lot 16 on Plan of Subdivision 401410V. Volume 10969 Folio 500
The Title and site plan is included in Appendix 1
The land is zoned Special Use Zone 6 under the City of Monash Planning Scheme allowing for a broad range of potential uses.
Artmar Natural Stone Warehouse Pty Ltd
Golden Barkery Pty Ltd
Hikvision Australia Pty Ltd
$364,221 per annum plus GST & Outgoings
10% deposit payable with full settlement payable either 30/60/90 days or by agreement.
*All sizes and amounts are approximate. The vendor and their agents do not hold themselves responsible for errors, omissions and discrepancies, if any, in these particulars which have been compiled to the best of their ability, but are not guaranteed.
Property Overview
BRILLIANT MULGRAVE MULTI-TENANT INVESTMENT!
15-17 Glenvale Crescent, Mulgrave comprises a gross building area of 2,214m2* and four self contained tenancies fully let to 3 quality tenants.
This presents an outstanding opportunity for investors to secure a high quality multitenanted premises in a prime a-grade Mulgrave location.
KEY FEATURES:
• Two (2) self contained first floor offices as new with lift access and their own amenities
• Two (2) self contained showroom/warehouse tenancies providing as new facilities
• Three (3) roller doors providing excellent access
• Abundance of car parking with secure gated side yard
NETT LETTABLE AREAS (NLA):
NOTE: THE TOTAL BUILDING AREA OF 2,214m2* INCLUDES THE NLA PLUS COMBINATION OF COMMON AREAS, FOYERS AND EACH TENANCIES AMENITIES
Lease Summary UNIT 1
UNIT 1/15-17 GLENVALE CRESCENT
TENANT
Artmar Natural Stone Warehouse Pty Ltd
ORIGINAL LEASE COMMENCEMENT 16th September 2019
CURRENT ANNUAL RENT
CURRENT LEASE TERM
FURTHER TERM
RENTAL REVIEWS
ABOUT TENANT
$160,000 per annum plus GST & Outgoings
Five (5) years from 16th September 2024
One (1) further term of five (5) years
Annual increases of 2.5% with a Market review at exercise of any further term.
When it comes to Turkish & Egyptian natural stone, Artmar’s unrivalled supply chain is what sets them apart as the market leading wholesaler of natural stone. Artmar Natural Stone now imports large numbers of containers into the ports of Sydney, Melbourne, Brisbane & Adelaide on a regular basis.
See - https://artmar.com.au/about-us/
Lease Summary UNIT 2
UNIT 2/15-17 GLENVALE CRESCENT
TENANT
ORIGINAL LEASE COMMENCEMENT
CURRENT ANNUAL RENT
CURRENT LEASE TERM
FURTHER TERM
RENTAL REVIEWS
ABOUT TENANT
24th May 2021
$80,000 per annum plus GST & Outgoings increasing as of 24th May 2025 to $82,400 per annum + Outgoings + GST
Three (3) years from 24th May 2024
One (1) further term of four (years) followed by a further term of three (3) years
Annual increases of 3% with a Market review at exercise of any further term
Golden BARKery was founded in 2014 providing the best dog food possible for celebratory occasions like birthdays, gotcha days, holiday or just because treats. This means natural dog food that is nutritious, taking great care in choosing only high quality, local and pet safe human grade ingredients.
See - https://goldenbarkery.com.au/pages/about-us
Golden Barkery Pty Ltd
Lease Summary SUITES 1 & 2
SUITES 1 & 2/15-17 GLENVALE CRESCENT
TENANT
ORIGINAL LEASE COMMENCEMENT
CURRENT ANNUAL RENT
CURRENT LEASE TERM
FURTHER TERM
RENTAL REVIEWS
ABOUT TENANT
Hikvision Australia Pty Ltd
1st October 2021
$113,421.80 per annum plus GST & Outgoings
Four (4) years
One (1) further term of four (4) years
A Market Rent review is due 1st October 2025 with annual 3.5% increases thereafter
Hikvision focuses on integrated security and scenario-based digitalization. Propelled by the AI-powered Internet of Things (AIoT), the Company remains committed to serving various industries with its machine perception and artificial intelligence technologies.
See - https://www.hikvision.com/au-en/about-us/company-profile/
Lease Summary
Rear Yard Tenancy
THE VENDOR WILL LEASE A SMALL SELF CONTAINED YARD AREA ON THE NORTH CORNER OF THE MAIN WAREHOUSE COMPARTMENT ON THE FOLLOWING TERMS:
REAR YARD TENANCY
TENANT R J Donaghey & Sons Pty Ltd ABN 15 006 356 707 and the A.C.N 006 356 707
TERM 1 + 1 + 1 years from 1st March 2025
ANNUAL RENT
$8,400.00 per annum plus GST (inclusive of outgoings)
RENTAL REVIEWS Annual increases of 2.5% if options taken up
BOND
USE
Equal to 3 months rental
Storage of building materials and equipment
Property Images
Location
The subject property is located in Mulgrave one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations.
Located in Glenvale Crescent providing easy access to Springvale Road, Wellington Road, Princes Highway, Ferntree Gully Road and Monash Freeway.
Mulgrave is the commercial and residential precinct of choice for an array of local and international brands and the subject property is surrounded by a multitude of anchoring tenants including Adidas, BMW Australia, Renault, Audi and Mercedes Benz Waverley.
15-17 Glenvale Crescent is located within the Monash National Employment and Innovation Cluster (Monash NEIC) which has Melbourne’s largest concentration of jobs outside the Melbourne CBD and is well positioned to grow jobs close to where people live.
It supports approximately 75,000 jobs across a diverse range of industries and contributes over $9.4 billion to the Victorian economy each year.
Additionally, the subject property is located nearby M-City Development, IKEA Springvale, Brandon Park Shopping Centre, Monash University and Victorian Heart Hospital.
Zoning
The subject property is zoned Special Use Zone 6 under the City of Monash Planning Scheme, according to the most recent Victorian zoning information available allowing for a broad range of uses.
Method of Sale Expressions of Interest
15-17 Glenvale Crescent, Mulgrave is being offered for Sale via Expressions of Interest closing Wednesday 2nd April at 2pm.
Offers should be submitted on the attached Expressions of Interest form in Annexure 2.
The property is offered for sale on the basis of: DEPOSIT: 10% of the agreed purchase price payable upon signing the Contract of Sale.
The Vendor will require full settlement of the sale upon 30/60/90 days or by agreement from date of Exchange of Contracts.
GAVIN DUMAS Partner 0411 878 423 gavin@crabtrees.com.au
JOE MONEA Director 0448 486 665 jmonea@crabtrees.com.au
NIC SAL Director 0422 261 649 ns@cameron.com.au
MATTHEW GIBSON Sales & Leasing Consultant 0421 573 106 mg@cameron.com.au
Annexure 1
Title & Plan of Subdivision
Copyright State of Victoria. No part of this publication may be reproduced except as permitted by the Copyright Act 1968 (Cth), to comply with a statutory requirement or pursuant to a written agreement. The information is only valid at the time and in the form obtained from the LANDATA REGD TM System. None of the State of Victoria, its agents or contractors, accepts responsibility for any subsequent publication or reproduction of the information.
The Victorian Government acknowledges the Traditional Owners of Victoria and pays respects to their ongoing connection to their Country, History and Culture. The Victorian Government extends this respect to their Elders, past, present and emerging.
REGISTER SEARCH STATEMENT (Title Search) Transfer of Land Act 1958
VOLUME 10969 FOLIO 500
LAND DESCRIPTION
Lot 16 on Plan of Subdivision 401410V.
PARENT TITLE Volume 10298 Folio 594
Created by instrument PS401410V/D1 26/09/2006
REGISTERED PROPRIETOR
Estate Fee Simple
Sole Proprietor
Security no : 124122173620Q
Produced 19/02/2025 03:55 PM
OSTIA (VIC) PTY LTD of 19 PINE STREET SURREY HILLS VIC 3127 AL321410X 28/08/2014
ENCUMBRANCES, CAVEATS AND NOTICES
MORTGAGE AQ729874K 14/02/2018 WESTPAC BANKING CORPORATION
Any encumbrances created by Section 98 Transfer of Land Act 1958 or Section 24 Subdivision Act 1988 and any other encumbrances shown or entered on the plan set out under DIAGRAM LOCATION below.
DIAGRAM LOCATION
SEE PS401410V FOR FURTHER DETAILS AND BOUNDARIES
ACTIVITY IN THE LAST 125 DAYS
NIL
------------------------END OF REGISTER SEARCH STATEMENT------------------------
Additional information: (not part of the Register Search Statement)
ADMINISTRATIVE NOTICES
NIL
eCT Control 16320Q WESTPAC BANKING CORPORATION Effective from 14/02/2018
OWNERS CORPORATIONS
The land in this folio is affected by OWNERS CORPORATION 1 PLAN NO. PS401410V
DOCUMENT END
Annexure 2 Expression of Interest Form
