Information Memorandum - Unit 33/1 Kingston Road, Moorabbin

Unit 33/1 Kingston Road, MOORABBIN INFORMATION MEMORANDUM SALE BY PRIVATE DEADLINE WEDNESDAY 31ST OCTOBER 2018 AT 4PM

31/10/18

4:00PM

INFORMATION MEMORANDUM | 1 JOHN STREET, CLAYTON crabtrees.com.au/18248

1 Built on knowledge.

Introduction Unit 33/1 Kingston Road, Moorabbin is a modern and affordable warehouse in a premium location ideal for investors and owner occupiers alike.

This investment opportunity features: • 2 year lease from 11th March 2018 • Annual rent $27,730 + GST and Outgoings • 4% annual increases

Niki Drendel 0411 650 185 ndrendel@crabtrees.com.au

2

Grant Tishler 0417 552 919 grant@crabtrees.com.au

INFORMATION MEMORANDUM | UNIT 33/1 KINGSTON ROAD, MOORABBIN

Executive Summary Property Address

Unit 33/1 Kingston Road, Moorabbin

Method of Sale

Deadline Private Sale Closing Wednesday 31st October at 4pm

Property Overview

Exceptional investment opportunity for investors or owner occupiers alike

Building Area

176m²*

Land & Title Particulars

Lot 33 on Plan of Subdivision 701004K Volume 11629 Folio 594 The Title and site plan is included in Appendix 1

Zoning

The land is zoned Mixed Use Zone (MUZ) under the City of Kingston Planning Scheme allowing for a broad range of potential uses.

Tenant

Catherine Jane May

Rental Income

$27,730 per annum plus GST + Outgoings

Terms of Sale

10% deposit payable with full settlement payable either 30 or 60 days or as agreed.

*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 | UNIT 33/1 KINGSTON ROAD, MOORABBIN

3

4

INFORMATION MEMORANDUM | UNIT 33/1 KINGSTON ROAD, MOORABBIN

Property Location & Overview INVEST NOW OCCUPY LATER The subject property is conveniently located in Moorabbin, one of the South Eastern Metropolitan Melbourne’s most recognisable locations.

Located on the corner of Kingston Road and Warrigal Road with easy access to the Dingley Bypass and Nepean Highway.

This like new and affordable warehouse would have appeal to investors and owner occupiers alike.

Key features include: • High clearance warehouse • Container height roller door • 2 car parks on title • Sought after location Lease details: • 2 year lease from 11th March, 2018 • Annual rent $27,730 + GST and Outgoings • 4% annual increases

*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 | UNIT 33/1 KINGSTON ROAD, MOORABBIN

5

Lease Summary The subject property is leased on the following basis: Tenant

Catherine Jane May

Annual Rent

$27,730 per annum plus GST & Outgoings

Lease Start Date

11th March 2018

Term

2 Years

Rental Reviews

4% fixed increases annually

Zoning The subject property is zoned Mixed Use Zone (MUZ) under the City of Kingston Planning Scheme, according to the most recent Victorian zoning information available.

Method of Sale Deadline Private Sale Unit 33/1 Kingston Road, Moorabbin is being offered by Deadline Private Sale closing Wednesday 31st October at 4pm.

To book an inspection prior, contact Niki Drendel on 0411 650 185 or Grant Tishler on 0417 552 919 Offers should be submitted on the attached Expressions of Interest Form in Annexure 2.

INFORMATION MEMORANDUM | UNIT 33/1 KINGSTON ROAD, MOORABBIN

7

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 or 60 days from date of Exchange of Contracts.

8

INFORMATION MEMORANDUM | UNIT 33/1 KINGSTON ROAD, MOORABBIN

Summary Modern and affordable warehouse in a premium location ideal for investors and owner occupiers alike.

The key attributes are: • Total building area: 176m²* • 2 year lease from 11th March 2018 • Annual rent $27,730 + GST and Outgoings • 4% annual increases

INFORMATION MEMORANDUM | UNIT 33/1 KINGSTON ROAD, MOORABBIN

9

Annexure 1 Expressions of Interest Form

10

INFORMATION MEMORANDUM | UNIT 33/1 KINGSTON ROAD, MOORABBIN

11

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

Annexure 2 Title & Plan of Subdivision

INFORMATION MEMORANDUM | UNIT 33/1 KINGSTON ROAD, MOORABBIN

13

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 11629 FOLIO 594 Security no : 124074168788F Produced 01/10/2018 11:14 AM LAND DESCRIPTION ---------------Lot 33 on Plan of Subdivision 701004K. PARENT TITLE Volume 11423 Folio 024 Created by instrument PS701004K Stage 4 28/01/2016 REGISTERED PROPRIETOR --------------------Estate Fee Simple Sole Proprietor AARDVARK PMMV PTY LTD of 174 GLADSTONE STREET SOUTH MELBOURNE VIC 3205 AM590601B 25/02/2016 ENCUMBRANCES, CAVEATS AND NOTICES --------------------------------MORTGAGE AR230503U 11/07/2018 NATIONAL AUSTRALIA BANK LTD COVENANT AE902517B 16/02/2007 COVENANT PS644377H 20/10/2011 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.

AGREEMENT Section 173 Planning and Environment Act 1987 AG842321J 29/10/2009 DIAGRAM LOCATION ---------------SEE PS701004K FOR FURTHER DETAILS AND BOUNDARIES ACTIVITY IN THE LAST 125 DAYS ----------------------------NUMBER AR230502W (E) AR230503U (E)

DISCHARGE OF MORTGAGE MORTGAGE

STATUS Registered Registered

DATE 11/07/2018 11/07/2018

------------------------END OF REGISTER SEARCH STATEMENT-----------------------Additional information: (not part of the Register Search Statement) Street Address: UNIT 33 1 KINGSTON ROAD HEATHERTON VIC 3202 ADMINISTRATIVE NOTICES ---------------------NIL eCT Control 16089P NATIONAL AUSTRALIA BANK LIMITED (59) Effective from 11/07/2018 OWNERS CORPORATIONS ------------------The land in this folio is affected by OWNERS CORPORATION 1 PLAN NO. PS701004K DOCUMENT END

Annexure 3 Commercial Lease

24

INFORMATION MEMORANDUM | UNIT 33/1 KINGSTON ROAD, MOORABBIN

Oakleigh 20-22 Atherton Road 03 9567 8888

Dandenong 1/11-15 Smeaton Avenue 03 8795 4888

Built on knowledge.

INFORMATION MEMORANDUM | UNIT 33/1 KINGSTON ROAD, MOORABBIN

25