Crabtrees Real Estate are excited to offer 24 Kembla Street, Cheltenham for Sale via Expressions of Interest closing Thursday 10th April at 3pm.
24 Kembla Street comprises an office/warehouse facility of 960m2* of on a site of 1,419m2* and is securely leased to HMPG Pty Ltd returning $108,150 per annum plus Outgoings & GST (as of April 2025).
This securely leased investment is an outstanding addition to an investors portfolio with a long standing established tenant.
EXCLUSIVE SELLING AGENTS:
PANA KRITIKOS Associate Director 0418 358 700 pana@crabtrees.com.au
$108,150 per annum plus GST & Outgoings (as of April 2025)
Note: Tenant pays Land Tax on single basis holding
LAND AREA 1,419m2*
BUILDING AREA 960m2*
LAND & TITLE PARTICULARS
ZONING
TERMS OF SALE
Lot 23 on Plan of Subdivision 087615. Volume 08859 Folio 965
The Title and site plan is included in Appendix 1
The land is zoned Industrial 1 under the City of Kingston allowing for a broad range of potential uses.
10% deposit payable with full settlement payable either 30, 60 or 90 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.
Lease Summary
TENANT
ANNUAL RENT
HMPG Pty Ltd T/A’s HM Precision Grinding Pty Ltd
$108,150 per annum plus GST & Outgoings (as of April 2025)
COMMENCEMENT DATE 27th April 2024
LEASE TERM
FURTHER TERM
Three (3) years
One (1) further term of three (3) years
RENTAL REVIEWS Annual 3% increases
OUTGOINGS
SECURITY
ABOUT THE TENANT
All Outgoings payable including single holding Land Tax
Three (3) months bond plus GST
HM PRECISION GRINDING SERVICE (HMPG PTY LTD) is a specialist grinding business established in 1968 who work with clients and customers to ensure the finished product, repaired or new, meets their specific machining needs in a timely and efficient way.
See - https://hmpg.com.au/
TENANT ESTABLISHED IN 1968
Property Overview
SECURE INVESTMENT LEASED TO ENGINEERING SPECIALIST PAYING LAND TAX!
The subject property comprises an industrial building of 960m2* situated on an industrial 1 zone parcel of 1,419m2*. The premises is constructed with a red brick, steel deck roof and a glass and aluminium façade to the office.
The warehouse comprises of 795m2* with generous height of approximately 6 metres, serviced by 3 roller doors. The office area across the whole building is approximately 165m2* which is fully air conditioned.
The property has a significant power supply and a 45kw solar panel system on the roof of the warehouse. There is an additional 30m2* rear shed which has been utilised for storage, however not considered in the total building area.
ADDITIONAL KEY FEATURES:
• Two (2) Cross-overs
• Terrific car parking area for all staff members, plus a convenient undercover car parking area beneath the first-floor office.
• Wide driveway, allowing for truck/ container drop offs
• Secure gate leading to side driveway
APPROXIMATE AREAS ARE NOTED AS FOLLOWS:
Property Images
Location
The subject property is located in Cheltenham one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations.
Cheltenham is located approximately 15 km southeast of Melbourne’s CBD located within the City of Kingston.
The property is centrally located to both Centre Dandenong and Warrigal Roads and with almost immediate access to Nepean Highway and Mordialloc Freeway, this facility offers impressive connectivity to greater Melbourne via multiple major arterials and freeways.
24 Kembla Street is surrounded by key amenities and lifestyle benefits including Kingston Central Plaza, Moorabbin DFO, Moorabbin Airport, Costco and multiple internationally recognised golf courses.
Westfield Southland is situated nearby the subject property, home to major national retailers including Myer, David Jones, Harris Scarfe and Village Cinemas, fundamentally providing a wide range of amenities within the shopping precinct.
The Southland Railway Station services the Frankston line, with Cheltenham station also nearby, as are several bus stops at the front of Moorabbin Business Park Estate.
Zoning
The subject property is zoned Industrial 1 under the City of Kingston Planning Scheme, according to the most recent Victorian zoning information available allowing for a broad range of uses.
Method of Sale Expressions of Interest
24 Kembla Street, Cheltenham is being offered for Sale via Expressions of Interest closing Thursday 10th April 2025 at 3pm.
Offers should be submitted on the attached Expressions of Interest form in Annexure 2.
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 08859 FOLIO 965
LAND DESCRIPTION
Lot 23 on Plan of Subdivision 087615.
PARENT TITLE Volume 08574 Folio 909 Created by instrument LP087615 08/12/1970
REGISTERED PROPRIETOR
Estate Fee Simple Joint Proprietors
STEVEN HERBING
Security no : 124112300667L Produced 01/02/2024 11:22 AM
CHRISTENE ANNE HERBING both of 26 FRESHWATER AVENUE PALM COVE QLD 4879 AW262564Y 14/11/2022
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 LP087615 FOR FURTHER DETAILS AND BOUNDARIES
ACTIVITY IN THE LAST 125 DAYS NIL
Additional information: (not part of the Register Search Statement)
Street Address: 24 KEMBLA STREET CHELTENHAM VIC 3192
ADMINISTRATIVE NOTICES
NIL
eCT Control 17753B TAYLOR & WHITTY PTY. LTD. Effective from 14/11/2022
DOCUMENT END
Annexure 2 Expression of Interest Form
EXPRESSION OF INTEREST
Property: 24 Kembla Street, Cheltenham VIC 3192
Closing Date: Thursday 10th April 2025 at 3pm.
Parties interested in purchasing the Property are invited to complete this document and submit it to:
Material in support or qualification of this submission should be annexed to this document.
Registrant’s Details:
Name of Individual:
Name of Company:
Street Address:
A.B.N: Telephone: Facsimile: Email: Attention:
Proposed Purchase Term:
Purchase Price: exclusive of GST
Deposit:
1% of the purchase price to be accompanied with this EOI Form and a further 9% is required on exchange of contracts. (All deposit monies are refundable should your Expression of Interest be unsuccessful)
Settlement Period:
Special Conditions/Requirements:
Registrant’s Solicitor:
Company:
Street Address:
Telephone:
Facsimile:
Email:
Attention:
In submitting this Expression of Interest form, the Prospective Purchaser specifically acknowledges and agrees that:
1. They have received and reviewed the Contract of Sale.
2. The proposed purchase price set out in the Expression of Interest form is based on the acceptance of the Contract of Sale as submitted by the Vendor.
3. If there is any discrepancy between the Contract of Sale and any other documentation made available, the provisions of the Contract of Sale will prevail.
4. They are in a position to exchange Contracts within 48 hours of being notified that the proposed purchase price and Expression of Interest has been accepted.
In submitting this Expression of Interest, the Prospective Purchaser also acknowledges and agrees that the Vendor specifically reserves the following rights:
1. To accept or reject any Expression of Interest in its absolute discretion, including the highest Expression of Interest made and without having to attribute reasons therefore or to be accountable in any way.
2. To extend the closing date for submissions of Expressions of Interest.
3. To discuss any matter and to deal with any parties submitting an Expression of Interest at any time before or after the closing date.
4. Not to be contractually bound in any way by the submission of an Expression of Interest form signed by a Prospective Purchaser.
5. Not to sell the property.
6. Vary the sale process, and to modify or add any terms and conditions to any proposed Contract of Sale or Vendor’s Statement which may be made available to an interested party.
Signed for and on behalf of the Registrant: ________________ Date: ______
