Information Memorandum | Units 5 & 21/417 Warrigal Road, Moorabbin

Units 5 & 21/417 Warrigal Road,

MOORABBIN

INFORMATION MEMORANDUM DEADLINE PRIVATE SALE CLOSING FRIDAY 15TH FEBRUARY 2019 AT 4PM

15/02/19

4:00PM

crabtrees.com.au/18432 INFORMATION MEMORANDUM | 1 JOHN STREET, CLAYTON

1 Built on knowledge.

INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

Introduction Units 5 & 21/417 Warrigal Road, Moorabbin offer a rare, affordable opportunity for investors to start or build upon their investment portfolio.

The key features of the property include: •

Two securely leased warehouse/offices on offer

•

Tightly held boutique development

•

High exposure Warrigal Road address

•

Car parking on title

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

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Aaron Bensimon 0418 159 953 aaron@crabtrees.com.au

INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

Executive Summary Property Address

Units 5 & 21/417 Warrigal Road, Moorabbin VIC 3189

Method of Sale

Deadline Private Sale closing Friday 15th February, 2019 at 4pm

Property Overview

Investment opportunity with the choice of two securely tenanted warehouse/offices in boutique complex

Building Area

120 m² to 222 m²

Land & Title Particulars

Lot 5 on Strata Plan 033853F Volume 09922 Folio 395 Lot 21 on Strata Plan 033853F Volume 09922 Folio 411 Parent Title Volume 09922 Folio 395 The Title and site plan is included in Appendix 1

Zoning

The land is zoned Industrial 1 under the City of Kingston Planning Scheme allowing for a broad range of potential uses.

Tenants

Unit 5: Acutek Acoustic Technologies Pty Ltd Unit 21: Mordialloc Theatre Company Inc

Rental Income

Unit 5: $25,750 pa net Unit 21: $11,618 pa net

Terms of Sale

10% deposit payable with full settlement payable either 30, 60 or 90 days or as agreed.

INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

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INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

Portfolio Overview Positioned in a high exposure location on Warrigal Road and with established tenants in place, these well maintained factory/warehouses offer a great opportunity to secure a choice of one or both affordable investments.

Set within a tightly held boutique development the properties location is premium, surrounded by major retailers such as Bunnings, Hungry Jacks, Savers, Fantastic Furniture and Middy’s and just moments from Keys and South Roads, the Dingley Bypass and Nepean Highway.

This is a very rare opportunity to secure an affordable opportunity for investors to start or build on their investment portfolio.

BUILDING PARTICULARS: ADDRESS

AREA

FEATURES

Unit 5/417 Warrigal Road

222 m²*

High Clearance warehouse with office area Kitchenette & amenities Container height roller door & allocated parking

Unit 21/417 Warrigal Road

120 m²*

Warehouse with good clearance Kitchenette & amenities Roller door & allocated parking

*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 | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

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Lease Summary The subject properties are leased on the following basis.

UNIT 5/417 WARRIGAL ROAD, MOORABBIN

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Tenant

Acutek Acoustic Technologies Pty Ltd

Annual Rent

Currently returning $25,750 per annum net

Lease Start Date

28/07/2017

Term

Three (3) Years & Five (5) Weeks

Rental Reviews

Annual 3% increases

Option

Two (2) further term of Three (3) years

INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

Lease Summary UNIT 21/417 WARRIGAL ROAD, MOORABBIN

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Tenant

Mordialloc Theatre Company Inc

Annual Rent

Currently returning $11,618.40 per annum net

Lease Start Date

01/08/2017

Term

Two (2) Years

Rental Reviews

Annual CPI increases

Option

One (1) further term of Two (2) years

INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

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Location The subject property is prominently located in Moorabbin, one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations.

Located on busy Warrigal Road near the corner of Keys Road close to South Road, Nepean Highway and Southland Shopping Centre and within close proxmity to Dingley Bypass and M1.

Set within a tightly held boutique development in the heart of Moorabbin opposite Hungry Jacks, Repco, Shell, Coles Express, McDonalds and surrounded by many more major retailers including Savers, Fantastic Furniture and Middy’s.

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INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

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Zoning The subject property is zoned Industrial 1 under the City of Kingston Planning Scheme, according to the most recent Victorian zoning information available.

Method of Sale Deadline Private Sale Units 5 & 21/417 Warrigal Road, Moorabbin is being offered by Deadline Private Sale closing Friday 15th February a 4pm.

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Access to the property will be available by private inspection by contacting Niki Drendel on 0411 650 185 or Aaron Bensimon on 0419 159 953

INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

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INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

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, 60 or 90 days from date of Exchange of Contracts.

Summary

Exclusive Selling Agents

For further information or to book an inspection prior, This is an excellent opportunity for investors to purchase one or two outstanding, contact: afforable investment properties on busy Warrigal Road in the heart of Moorabbin.

Niki Drendel Aaron Bensimon Located near the corner of Keys Road Senior oppositeExecutive Executive Hungry Jacks, Repco, Shell, Coles Express, McDonalds, Savers, Fantastic 0411 Furniture and Middy’s set within a tightly held 650 185 0418 159 953 boutique development. niki@crabtrees.com.au aaron@crabtrees.com.au

INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

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Annexure 1 Title & Plan of Subdivision

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INFORMATION MEMORANDUM | UNITS 5 & 21/417 WARRIGAL ROAD, MOORABBIN

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 09922 FOLIO 395 Security no : 124075190605K Produced 03/12/2018 10:47 AM

LAND DESCRIPTION ---------------Unit 5 on Strata Plan 033853F and an undivided share in the common property for the time being described on the plan.

PARENT TITLE Volume 09837 Folio 689 REGISTERED PROPRIETOR --------------------Estate Fee Simple Sole Proprietor TEZTOP PTY LTD of SUITE 3 368 HAWTHORN ROAD CAULFIELD 3162 ENCUMBRANCES, CAVEATS AND NOTICES --------------------------------COVENANT (as to whole or part of the land) in instrument 2457704 Any encumbrances created by Section 98 Transfer of Land Act 1958 or Section 12 Strata Titles Act 1967 and any other encumbrances shown or entered on the plan set out under DIAGRAM LOCATION below.

DIAGRAM LOCATION ---------------SEE SP033853F 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: UNIT 5 417-419 WARRIGAL ROAD CHELTENHAM VIC 3192

OWNERS CORPORATIONS ------------------The land in this folio is affected by OWNERS CORPORATION PLAN NO. SP033853F

DOCUMENT END

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 09922 FOLIO 411 Security no : 124075191014Q Produced 03/12/2018 10:57 AM

LAND DESCRIPTION ---------------Unit 21 on Strata Plan 033853F and an undivided share in the common property for the time being described on the plan.

PARENT TITLE Volume 09837 Folio 689 REGISTERED PROPRIETOR --------------------Estate Fee Simple Sole Proprietor TEZTOP PTY LTD of SUITE 3 368 HAWTHORN ROAD CAULFIELD 3162 ENCUMBRANCES, CAVEATS AND NOTICES --------------------------------COVENANT (as to whole or part of the land) in instrument 2457704 Any encumbrances created by Section 98 Transfer of Land Act 1958 or Section 12 Strata Titles Act 1967 and any other encumbrances shown or entered on the plan set out under DIAGRAM LOCATION below.

DIAGRAM LOCATION ---------------SEE SP033853F 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: UNIT 21 417-419 WARRIGAL ROAD CHELTENHAM VIC 3192

OWNERS CORPORATIONS ------------------The land in this folio is affected by OWNERS CORPORATION PLAN NO. SP033853F

DOCUMENT END

Oakleigh 20-22 Atherton Road 03 9567 8888 Dandenong 1/11-15 Smeaton Avenue 03 8795 4888 Built on knowledge.

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