Introduction
Crabtrees Real Estate are pleased to offer 8 Yiannis Court, Springvale for Sale via Expressions of Interest closing Wednesday 16th April at 3pm.
The property is currently leased to EKKA Enterprises Pty Ltd trading as Club 8 Springvale on a brand new 10 year lease until December 2034 and is currently returning $148,954.80 per annum.
8 Yiannis Court is located in the tightly held Springvale industrial precinct just off Westall Road and within close proximity to Centre Road, Princes Highway and Monash M1 Freeway.
EXCLUSIVE SELLING AGENTS
SAUL AKOKA
Senior Executive | Sales & Leasing 0427 632 030 saul@crabtrees.com.au
CHRIS MCKENZIE Partner 0418 321 065 chris@crabtrees.com.au
Executive Summary
PROPERTY ADDRESS 8 Yiannis Court, Springvale VIC 3171
METHOD OF SALE
PROPERTY OVERVIEW
TENANT
RENTAL INCOME
Expressions of Interest closing Wednesday 16th April at 3pm
Securely leased investment located in the tightly held Springvale industrial precinct.
EKKA Enterprises Pty Ltd trading as Club 8 Springvale
$148,954.80 per annum plus GST & Outgoings
BUILDING AREA
LAND & TITLE PARTICULARS
ZONING
TERMS OF SALE
Lot 18 on Plan of Subdivision 207801C. Volume 09788 Folio 839
The Title and site plan is included in Appendix 1
The land is zoned Industrial 1 under the City of Greater Dandenong 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.
THE SUBJECT PROPERTY IS LEASED ON THE FOLLOWING BASIS:
TENANT EKKA Enterprises Pty Ltd T/A’s Club 8 Springvale
LEASE COMMENCEMENT 1st Decmeber 2024 ANNUAL RENT $148,954.80 per annum plus GST & Outgoings
LEASE TERM Ten (10) years RENTAL
Property Overview
HIGH YIELDING INVESTMENT TO WELL ESTABLISHED BUSINESS!
The subject property comprises a modern office warehouse of 500m2* on a site of 901m2* which has been fitted as a Brothel.
The building consists of six (6) functional rooms, each with shower facilities and three (3) with spas.
The premises has a front office that opens up onto a large reception and waiting area. These areas along with the corridors are all carpeted. Off the main reception area is a staff retreat lounge that has a fully functional laundry. The building is fitted with ducted heating and airconditioning throughout.
At the rear of the building is a small outdoor area that is partially covered, whilst the front of the building is securely gated on a concrete hardstand that can fit approximately 9 cars.
The property also benefits from a 10kW, 42 panel solar system which has been installed on the roof.
Should a purchaser decide to strip out the existing fit out, the building could easily be reinstated as a generic office warehouse with good internal height and front roller door access.
901 (M2*) TOTAL LAND AREA 500 (M2*) TOTAL BUILDING AREA
INDUSTRIAL 1 ZONING
*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 Images
Location
The subject property is located in Springvale one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations.
8 Yiannis Court is located just off Westall Road enjoying easy access to Princes Highway, Springvale Road as well as the Monash Freeway and the wider South Eastern corridor.
Springvale Homemaker Centre is located approximately 1.1km from the subject property, a onestop shopping experience for inspired and improved living. With 27 specialty stores including Harvey Norman, Domayne, Adairs, Nick Scali, JB Hi-Fi and Forty Winks, it’s the place to go for a big choice of quality furniture, homewares, bedding, electrical and more.
M-City Shopping Centre is located approximately 2km from the subject property, the largest mixed use development in Melbourne. With 3 residential towers, a PARKROYAL Hotel, retail precinct and office space, this diverse offering attracts people from near and far.
M-City Shopping Centre offers a brand new K-Mart, Woolworths and Village Cinemas as well as a range of specialty stores such as health, beauty, home and wellness providers.
Furthermore, the Springvale Mega Centre is located approximately 3km from the subject property a contemporary mixed-used retail and commercial centre anchored by national brands ALDI, McDonalds, The Good Guys, Caltex, Crunch Fitness, Best Friends Pets and Bottle Mart.
8 Yiannis Court is located nearby Chadstone Shopping Centre, Monash University and Springvale Junction.
Zoning
The subject property is zoned Industrial 1 under the City of Greater Dandenong Planning Scheme, according to the most recent Victorian zoning information available allowing for a broad range of uses.
Method of Sale Expressions of Interest
8 Yiannis Court, Springvale is being offered for Sale via Expressions of Interest closing Wednesday 16th 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 09788 FOLIO 839
LAND DESCRIPTION
Lot 18 on Plan of Subdivision 207801C.
PARENT TITLE Volume 09773 Folio 916
Created by instrument LP207801C 06/01/1988
REGISTERED PROPRIETOR
Estate Fee Simple
Sole Proprietor
Security no : 124122974642P
Produced 19/03/2025 03:35 PM
RKR GROUP PTY LTD of 10 CHIPPENDALE TERRACE BURWOOD EAST VIC 3151 AF738607E 27/03/2008
ENCUMBRANCES, CAVEATS AND NOTICES
MORTGAGE AF738608C 27/03/2008 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 or imaged folio set out under DIAGRAM LOCATION below.
DIAGRAM LOCATION
SEE LP207801C 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: 8 YIANNIS COURT SPRINGVALE VIC 3171
ADMINISTRATIVE NOTICES
NIL
eCT Control 16320Q WESTPAC BANKING CORPORATION Effective from 23/10/2016
DOCUMENT END
Annexure 2 Expression of Interest Form
EXPRESSION OF INTEREST
Property: 8 Yiannis Court, Springvale VIC 3171
Closing Date: Wednesday 16th April 2025 at 3pm
Parties interested in purchasing the Property are invited to complete this document and submit it to:
Crabtrees Real Estate
Chris McKenzie 20-22 Atherton Road (PO Box 6) 0418 321 065 Oakleigh VIC 3166 chris@crabtrees.com.au
Ph: (03) 9567 8888
Saul Akoka Fax: (03) 9563 1000 0427 632 030 saul@crabtrees.com.au
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: ______
Name of Signatory (please print):
Position of Signatory: