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INFORMATION MEMORANDUM

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NEWCOMEN ROAD

SPRINGVALE FOR SALE

BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 21 ST NOVEMBER AT 4PM

FOR SALE crabtrees.com.au/18231 1


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INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE


INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE

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Introduction Crabtrees are pleased to offer for sale this outstanding corner allotment of 1.386 hectares located immediately north and adjacent to the Springvale Shopping Centre and Railway Station. The key features of the property include: • Flexible Commercial 2 Zoning • Functional industrial buildings of 6,528m²* • Great location in close proximity to Springvale Shopping Centre and Railway Station

Exclusive Marketing Agents Chris McKenzie 0418 321 065 chris@crabtrees.com.au

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Gavin Dumas 0411 878 423 gavin@crabtrees.com.au

Stefan Albanese 0448 026 186 stefan@crabtrees.com.au

INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE


Executive Summary Property Address

1-3 Newcomen Road, Springvale VIC 3171

Method of Sale

For Sale by Expressions of Interest Closing Wednesday 21st November at 4pm.

Property Overview

Outstanding commercial 2 zoned corner development site of 1.386 hectares.

Building Area

6,528m²*

Land Area

1.386 hectares*

Land & Title Particulars

Land in Plan of Consolidation 109649, Volume 09385 Folio 996 The title and site plan is included in Appendix 1

Zoning

The land is zoned Commercial 2 under the City of Greater Dandenong Planning Scheme allowing for a broad range of potential uses.

Terms of Sale

10% deposit payable with full settlement payable in 30 - 120 days.

*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.

INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE

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Property Overview SP RI N GVA L E SUPER SITE The property offers an outstanding corner allotment of 1.386 hectares which includes industrial buildings totalling 6,528m²* The site is on the corner of Newcomen Road and Parsons Avenue just north of Springvale Shopping Centre and Railway Station. It has recently been rezoned to Commercial 2 and under the Springvale Activity Centre Structure Plan (see Annexure 3). The council have this area earmarked for bulky goods, trade supplies, office, industrial warehouse/industry, restructured retail including food & drink, leisure & recreation and education.

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Key features include: • Flexible Commercial 2 Zoning • Located within Springvale Activity Centre Structure Plan • Total land area: 13,860m²* (1.386 hectares) • Existing usable industrial buildings in good condition • Existing offices - 972m²* • Existing warehousing - 5,556m²*

INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE


Property Overview Cont. B UI L DI N G PARTICULARS COMPONENT

AREA

1. AMENITIES BLOCK

286m²*

2. OFFICES

686m²*

3. INDUSTRIAL – CORNER OF NEWCOMEN ROAD AND PARSONS AVENUE

1,369m²*

4. INDUSTRIAL – PARSONS STREET FRONTAGE

1,555m²*

5. INDUSTRIAL – SPRINGVALE ROAD END

2,632m²*

*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.

1.386 HECTARES

6,528

TOTAL BUILDING AREA

C2Z

COMMERCIAL 2 ZONING

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Location The subject property is prominently located in Springvale one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations. In 2017 the City of Greater Dandenong refurbished their Springvale Activity Centre Structure Plan which is an outline of their plan for Springvale over the next 20 years. The subject property falls within a Commercial Zone 2 on the North side of the railway line and the targeted uses for this zone by council include: •

Bulky goods

Trade supplies

Office

Industrial warehouse/industry

Restructured retail including food & drink

Leisure & recreation

Education

On the South side of the railway line is the main Springvale Shopping Centre precinct boasting an excellent mix of retail and food businesses along with major supermarkets and banks. Again the Springvale Activity Structure Plan has allowed for increased multi-level development potential which is now being realised as developers jostle for position of key sites to take advantage of the new height levels allowed. We have also seen the recent redevelopment of the Springvale Railway Station which has already had a positive effect on the area.

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INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE

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Surrounding Occupiers

HYATT PLACE HOTEL, SPRINGVALE The subject property is now 1.8km from Hyatt Place Melbourne Springvale, which will become the second Hyatt Place Hotel in Australia upon its expected opening in 2020. The hotel will form part of a mixed-used complex, which will also include co-working facilities and retail stores.

MONASH UNIVERSITY Monash University is ranked in the top 1 per cent of world universities and 5th in Australia with approximately 26,000 students. The campus covers an area of over 1.1 km² and is the largest of the Monash University campuses, both in terms of size and student population. The campus has its own suburb and is one of the few university campuses in Australia to have its own postcode (3800).

SPRINGVALE HOMEMAKER CENTRE The Springvale Homemaker Centre with retailers including Ikea, Beacon Lighting, Adairs, Anaconda, Domayne, JB Hi-Fi and many more, is approximately 3.1 kilometres from this site.

MONASH MEDICAL CENTRE Monash Medical Centre is a 640 bed teaching and research hospital of international standing providing a comprehensive range of specialist surgical, medical and allied health services.

Monash University is well-established and the driving force behind the City of Monash.

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INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE


Zoning The subject property is zoned Commercial 2 under the City of Greater Dandenong Planning Scheme, according to the most recent Victorian zoning information available.

Method of Sale Expressions of Interest 1-3 Newcomen Road, Springvale is being offered by Expressions of Interest closing on Wednesday 21st November at 4pm.

To discuss the property in greater detail or to book a private inspection, please contact exclusive marketing agents Chris McKenzie on 0418 321 065, Gavin Dumas on 0411 878 423 or Stefan Albanese on 0448 026 186.

INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE

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Terms of Sale The property is offered for sale on the basis of: Deposit: 10% of the agreed purchase price payable upon signing the Contracts of Sale. Settlement: The Vendor will require full settlement of the sale upon 30 - 120 days from date of Exchange of Contracts.

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INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE


Summary Outstanding Springvale super site ideal for re-development and for owner occupiers. The key attributes are: • Flexible Commercial 2 Zoning • Total land area: 13,860m²* (1.386ha) • Functional industrial buildings of 6,528m²* • Great location in close proximity to Springvale Shopping Centre and Railway Station.

INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE

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Annexure 1 Expressions of Interest Form

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INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE


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___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

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Annexure 2 Title & Plan of Subdivision

INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE

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Copyright State of Victoria. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968 (Cth) and for the purposes of Section 32 of the Sale of Land Act 1962 (Vic) 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. The State of Victoria accepts no responsibility for any subsequent release, publication or reproduction of the information. REGISTER SEARCH STATEMENT (Title Search) Transfer of Land Act 1958 -------------------------------------------------------------------------------VOLUME 09385 FOLIO 996 Security no : 124073740487A Produced 03/09/2018 02:49 pm LAND DESCRIPTION ---------------Land in Plan of Consolidation 109649. PARENT TITLES : Volume 04991 Folio 004 Volume 05197 Folio 213 Volume 05375 Folio 882 Volume 05757 Folio 329 Volume 05757 Folio 333 Volume 05770 Folio 996 Volume 05824 Folio 786 Volume 06176 Folio 097 Volume 06556 Folio 111 Volume 06672 Folio 360 Volume 06720 Folio 892 Volume 06771 Folio 157 Volume 06863 Folio 414 Volume 08647 Folio 585 Created by instrument CP109649 02/09/1980 REGISTERED PROPRIETOR --------------------Estate Fee Simple Sole Proprietor WESTPHAL ASSET MANAGEMENT PTY LTD of LVL 2/215 SPRING ST MELBOURNE 3000 X325077M 20/02/2001 ENCUMBRANCES, CAVEATS AND NOTICES --------------------------------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 or imaged folio set out under DIAGRAM LOCATION below. DIAGRAM LOCATION ---------------SEE CP109649 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) Street Address: 1-3 NEWCOMEN ROAD SPRINGVALE VIC 3171 DOCUMENT END


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Annexure 3 Springvale Activity Centre Structure Plan

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INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE


Oakleigh 20-22 Atherton Road 03 9567 8888 Dandenong 1/11-15 Smeaton Avenue 03 8795 4888 21 Built on knowledge. INFORMATION MEMORANDUM | 1-3 NEWCOMEN ROAD, SPRINGVALE

Information Memorandum - 1-3 Newcomen Road, Springvale  

For Sale by Expressions of Interest Closing Wednesday 21st November at 4pm.

Information Memorandum - 1-3 Newcomen Road, Springvale  

For Sale by Expressions of Interest Closing Wednesday 21st November at 4pm.