DAWIDOWSKI
stan.dawidowski@cva.melbourne 0400 448 755
“This over-achieving strip proves that retail precincts can thrive with the right accessibility, upgrades, and flagship tenants to draw a crowd. Buy into an industry that only grows bigger, regardless of whether minimalism is in or out.”
It’s old school work ethic meets new school adaptability. The diligence that Stan brings to your property cannot be taught, only developed over time. He’s a specialist in project work, offthe-plan sales and the status of the market. It’s his willingness to share this professional advice with you that has Stan’s customers transitioning to clients before final contracts are signed.
ian.angelico@cva.melbourne 0418 336 088
“For the first time in 50 years, this strategic corner position will be on the market to offer an astute investor immediate returns and a uniquely lucrative future.”
In more than 30 years, Ian has witnessed the successful signing of more than two thousand commercial real estate transactions – which is more of a legacy, than a track record. And it’s one that has been achieved by adopting a methodical approach amongst a myriad of changing variables. It’s one that has been sharpened through his holistic exposure to commercial projects across all points of Melbourne. By focusing on maximising each property’s profitability, Ian ensures that at the end of the day, it’s maximising value that determines his success.
A prime 930 sqm* building on a staggering 1,610 sqm* corner block, this high-profile investment opportunity is anchored by the nationally recognised tenant who has been trading here for over 20 years.
With a rental return of $259,390 rental income + GST per annum, the significance of securing this vital corner piece of Nunawading can’t be understated.
There are 15 allocated car spaces at the front and rear of the property, a golden addition considering the Whitehorse Road retail strip accumulates more than 28,000 passing vehicles daily. There’s also handy rear access for deliveries, and the commercial 2 zoning also affords plenty of future value add and development potential.
With more than 81.61 m* of frontage to Whitehorse Road and Rooks Road, it’s no surprise that the tenant settled here early, with retail giants moving in around it. From auto traders like Hyundai and Alfa Romeo to making a house a home with Amart, Harvey Norman, and The Good Guys, it’s no wonder that this pocket of Whitehorse Road is the first stop to shop.
04// TENANCY SCHEDULE
TENANT //
ESR Group Holdings Pty Ltd T/A Early Settler
CURRENT RENTAL //
$259,390 rental income + GST
LEASE TERM // Five (5) years
COMMENCEMENT DATE // 1st September 2022
FURTHER TERMS // Five (5) years
OUTGOINGS // Included in the rental
EARLY SETTLER.
Established in 1985, the company has grown to 56 stores across Australia and New Zealand, providing classical, rustic, French provincial, and urban furniture.
Early Settler is a furniture and homewares retailer that offers a wide range of stylish, affordable products for every room, including living rooms, kitchens, bedrooms, home offices, and outdoor spaces.
Known for its durable pieces made from quality materials like oak and plantation-grown timber, Early Settler also offers homewares, lighting, and renovation products, combining style with practicality for both homes and offices.
OUTGOINGS
ZONING
SITE DETAILS
TITLE PARTICULARS
PLANNING OVERLAYS
MUNICIPALITY
Council Rates // $5,726 per annum* (2024)
Water Rates // $1,700 per annum* (2024)
Building Insurance // $6,601 per annum* (2024)
Land Tax // $13,005 per annum* (2024) (Single Holding)
Commercial 2 zoning.
Frontage to Whitehorse Road // 46.49 sqm*
Western Side Boundary // 35.12 sqm*
Northern Side Boundary // 46.49 sqm*
Southern side boundary // 35.12 sqm*
Certificate of Title – Volume 08970 Folio 956
Development Contributions Plan Overlay (DCPO1)
City of Whitehorse
ALL SIGNS POINT TO: WHITEHORSE ROAD.
Whitehorse Road is a prime spot for investors who want high visibility, excellent transport links, growing infrastructure, and a versatile market.
THE GOLDEN APPEAL
This strip of Whitehorse Road is a retail and commercial flagship. This stretch hosts major brands like Harvey Norman, Bunnings, and JB Hi-Fi, making it a high-traffic, high-performing, and high-visibility zone. The constant stream of shoppers boosts foot traffic along an already busy highway, benefiting all businesses within its orbit.
UNBEATABLE ACCESSIBILITY
Whitehorse Road offers direct links to key routes, including the Eastern Freeway and Springvale Road, making it a logistical dream. Whether you’re moving goods, customers, or staff, getting around is a breeze. And with Nunawading Station just a stone’s throw away, it’s easily accessible by public transport, too.
SOLID INFRASTRUCTURE
Ongoing projects, including road upgrades and the removal of level crossings, have transformed Whitehorse Road into a smooth, congestion-free artery. This makes it ideal for businesses needing easy access while minimising delays — something that speaks to investors looking for a location with long-term viability.
MIXED-USE GROWTH
Whitehorse Road is evolving beyond retail. A growing number of mixed-use developments are popping up, combining residential, office, and retail spaces. This means a built-in customer base for businesses, and for investors, it’s a dynamic, multi-purpose market with diversified opportunities.
IT’S THE PERFECT BLEND GROWTH, AND AFFORDABILITY SWEET SPOT IF YOU CAN IRON’S AND THE
THE POINT?
BLEND OF CONVENIENCE, AFFORDABILITY — A COMMERCIAL CAN STRIKE WHILE THE IRON’S HOT.
Nunawading has long been considered a commercial hotspot, thanks to its strategic location and ongoing infrastructure upgrades. Situated just 18 km* east of Melbourne’s CBD, it’s well-connected by major roads like the Eastern Freeway and Springvale Road, making it a powerful magnet for businesses seeking easy access to both the city and the eastern suburbs.
Level Crossing Removal at Springvale Road has slashed traffic congestion, speeding up travel times and boosting business appeal. Eastern Freeway Upgrades and the North East Link are also making Nunawading even more accessible, enhancing its commercial prospects.
The Golden Mile along Whitehorse Road is a retail powerhouse, hosting bulky goods titans like Harvey Norman and Bunnings, continually drawing more shoppers and investors to the precinct. But the buzz is more than retail, Nunawading’s growing mix of office and mixeduse developments is transforming it into a vibrant commercial precinct. New projects are drawing in professional services, medical facilities, and hospitality ventures, driven by the influx of younger families and professionals.
Retail vacancies are low, with growing demand for cafes, restaurants, and local services always front of mind the more the suburb swells with residents. Commercial property prices and rental yields are climbing, buoyed by population growth and infrastructure upgrades. With strong investor interest, better transport, and a growing population, this once-sleepy suburb is fast becoming a go-to destination for businesses seeking growth and affordability.
08// SALES PROCESS
EXPRESSION OF INTEREST
Closing Thursday 28th November 2024 at 3pm.
At CVA, we provide prospective purchasers full transparency, fairness, and respect during the EOI process.
To make our point, we’ve defined and outlined the process below so you’re across it prior to submitting an offer.
SUBMITTING OFFERS
Offers are due no later than the date and time advertised for the EOI campaign. They must be submitted through this form with every section completed, signed and emailed to the relevant contact persons by campaign closure. Any offers submitted after this time will be deemed as non-compliant and rejected.
Our point of view: we strongly encourage all interested parties to submit their best offer, as the vendor reserves the right to accept an initial offer or to deal exclusively with certain offers in a second round.
REVIEW PROCESS
All offers will be compiled and presented to the vendor for their consideration after the closing of the EOI campaign.
Upon feedback, we will contact all parties promptly to communicate the vendors instructions relating to their offer.
In the event of a second round, we will request all offers to be provided on a contract of sale with a deposit to CVA for the vendor’s consideration.
Total Building Area: 930 sqm*
Total Land Area: 1,610 sqm*
Disclaimer: This report has been compiled on the basis of information available. Though efforts have been made to verify or establish the accuracy of all material, it is not possible to warrant that it is accurate. Some predictions are estimates only and necessarily based on assumptions which may not occur. All parties should make their own independent enquires with regard to all the information contained in this report. The report is intended to be general information only and will not form part of any contract nor is it to be taken as any form of any representation, warranty or inducement. The agents and representatives do not accept any responsibility for and will not be liable in respect of any of the contents of this report.
*Approximately
