Information Memoradum - 76 Old Geelong Road, Hoppers Crossing

76 OLD GEELONG ROAD, HOPPERS CROSSING.

TOTAL BUILDING AREA 1,405 sqm*

TOTAL LAND AREA 4,310 sqm* - Including 557 sqm* of leasehold (Vic Track) Railway Land

ZONING Commercial 2 zone (C2Z)

TOTAL RENTAL INCOME $392,720.80

W.A.L.E 6.8 years*

METHOD OF SALE Private Sale

SALE TERMS 10% deposit, balance 60/90 days

“A commercial wonder with a hattrick of longterm tenants already onboard, this is a premium package for investors.”

CHARLES CINI CHIEF EXECUTIVE OFFICER

Three long-term tenancies, 270 degrees of exposure, and one enormous commercial package make up a flagship western investment only heading north in value. Rubbing shoulders with the best in retail, this is actually an opportunity to secure the stage in front of Old Geelong Road, Princes Highway, and the Werribee railway line.

Technically classified as a major activity centre, Wyndham City Council’s 2016 Activities Centre Strategy report states that this hub could convert to commercial 1 zoning anticipating a more intensive multi level development.

“In its current form, over 4,300 sqm* could be on your portfolio within the west’s best retail hub. In its future form, there could be a multi-level development to your name, too.”

LEO MANCINO DIRECTOR

ALL SIGNS POINT TO: HOPPERS CROSSING.

A name synonymous with premium retail bulky goods (including auto dealers and homemaking), Old Geelong Road is undoubtedly the Golden Mile of the west — and 76 sits proudly amongst the Hoppers Crossing shopping precinct. Your neighbours here include Australian retail titans like coles, Woolworths, Spotlight and many more. There are also local points of attraction like Local Lighting, All Green Nursery & Garden, and Paint Spot. Technically classified as a major activity centre, Wyndham City Council’s 2016 Activities Centre Strategy report states that this hub could convert to commercial 1 zoning thanks to the buzz.

Beyond the literal one found here, the main road address shines a frontage Spotlight on this lot that translates to explicit exposure. Moreover, the Hoppers Crossing rail line is located at the rear and transports Werribee line commuters right past this site. The council have also indicated that this location is suitable for more intensive upgrades thanks to the rezoning potential.

AND THE POINT?

Whether you’re an acute investor looking for future-proofed income streams, or a developer wanting a significant land bank with time to get your ducks in a row — this is as lucrative as commercial property gets.

ON THE MAP: HOPPERS CROSSING.

The cornerstone suburb between Victoria’s two CBDs — Melbourne and Geelong — Hoppers Crossing is (growing) greater than the sum of its parts. Residents note that the large, yet affordable, plots of housing land attracts the family units, but the decent schools, parks, public transport, and retail offering is what keeps people here. And the data backs it up; the City of Wyndham has emerged as the fastest growing region in both the state and country, according to a recent KPMG demographics expert.

Beyond the clever arterial infrastructure and the sophisticated education spread here, the Werribee Mercy Hospital sets a profound medical scene. Accompanying the Mercy are St Vincent’s Private Hospital, the Women’s Health Hub, and the Greencross Vet Hospital.

There’s plenty in the pipeline, too. The Wyndham City Council is preparing a Hoppers Crossing Town Centre urban framework for a reimagined city centre. The Hoppers Junction precinct has been identified as a pivotal location for a new urban centre with better public spaces, parks, and services, and more employment and business opportunities.

PRINCIPLE OUTGOINGS - SHOP 1

PRINCIPLE OUTGOINGS - SHOP 2

Council rates: $3,386.47 per annum

Water rates: TBC

Land tax: $3,155.50 per annum

PRINCIPLE OUTGOINGS - SHOP 3

Council rates: $9,370.75 per annum

Water rates: TBC

Land tax: $10,359.58 per annum

NON RECOVERABLE OUTGOINGS

Council rates: $10,756.00 per annum

Water rates: TBC

Land tax: $11,788.49

Land tax: $25,303.57 per annum

Vic Track Rent: $4,420.00 per annum

RENTAL

INCOME

Total: $392,720.80 per annum

Less non recoverables: $29,723.57 per annum

Net Rental: $362,996.43 per annum

PROPERTY PARTICULARS

SITE DETAILS

Frontage to Old Geelong Road: 48.1 metres*

Western side boundary: 96.5 metres*

Eastern side boundary: 72.2 metres*

Southern side boundary: 42.0 metres*

Total site area: 3,753 square metres*

VIC TRACK LEASEHOLD LAND

Total site area 557.8 sqm*

Term 6 + 6 years

Commenced 1st May 2022

Current rental $4,420 per annum

TITLE PARTICULARS

Certificate of Title — Volume 10862 Folio 074

Lot 1 on Plan of Subdivision 518368P

ZONING

MUNICIPALITY

Commercial 2 Zone (C2Z)

Wyndham City Council

PROPERTY PARTICULARS

TENANCY DETAILS - SHOP 1

BUILDING SIZE 120 sqm*

TENANT

Dagoglu Pty Ltd trading as Kebabs@ Hoppers

CURRENT RENTAL $56,000 p.a. + outgoings per lease

LEASE TERM 10 years

FURTHER TERM Nil

COMMENCEMENT DATE 1st October 2023

RENTAL REVIEWS

OUTGOINGS

Fixed 4% annual increases

Payable by the tenant (ex land tax)

TENANCY DETAILS - SHOP 2

BUILDING SIZE

TENANT

CURRENT RENTAL

LEASE TERM

FURTHER TERM

COMMENCEMENT DATE

RENTAL REVIEWS

OUTGOINGS

525 sqm*

Brave People Pty Ltd trading as Anytime Fitness

$157,000 p.a. + outgoings per lease

7 years

One option of a further 3-year period

1st October 2023

Fixed 3.25% annual increases

Payable by the tenant (ex land tax)

PROPERTY PARTICULARS

TENANCY DETAILS - SHOP 3

BUILDING SIZE 760 sqm*

TENANT

CURRENT RENTAL

LEASE TERM

Lombard The Paper People Pty trading as Lombard (Party and Events)

$179,220 p.a. + outgoings per lease

5 years

FURTHER TERM Nil

COMMENCEMENT DATE

RENTAL REVIEWS

OUTGOINGS

1st March 2022

Fixed 3% annual increases

Payable by the tenant (ex land tax)

CONTACT DETAILS

CHIEF EXECUTIVE OFFICER / DEVELOPMENT CONSULTANCY

M: 0411 423 389

POINT OF INTEREST:

As CEO of CVA, Charles has an impressive history of over 35 years in commercial property. Focusing on establishing CVA and promoting its values, culture and most importantly creating worth.

In recent years Charles has focused his energy in identifying and creating opportunities within the development arena. With a record of impressive successes’, he has been instrumental in creating and establishing some of Melbourne’s most successful projects.

POINT OF VIEW:

“Over the last 35 years we have endured and experienced the cyclical nature of the market, the digitalisation of our industry, volatile financial markets and diverse global influences. Adapting to change with innovative solutions is essential in delivering consistently better outcomes and maintaining excellence.”

LEO MANCINO DIRECTOR - WESTERN REGIONS

M: 0418 343 147

POINT OF INTEREST:

It’s the expertise accumulated over three decades paired with a realistic outlook on life, that makes Leo not just a seasoned director to the CVA team, but a significant asset when it comes to dealing with yours. From personable first impressions to successful business transactions, he has not just built a solid and loyal client base, but developed negotiation techniques that have earned him great respect in this city’s industry.

POINT OF VIEW:

“Over the last thirty years in Melbourne’s dynamic commercial sector, I’ve experienced many highs and steered my clients confidently through the lows. Because, while the market fluctuates, my focus remains constant. And that proves to be the most reliable quality in the industry.”

E: charles.cini@cva.melbourne

E: leo.mancino@cva.melbourne

76 OLD GEELONG ROAD, HOPPERS CROSSING

PLAN SCHEDULE:

TOTAL BUILDING AREA 1,405 sqm*

LAND AREA 4,310 sqm*

*All measurements and sizes are approximate only.

Imaged Document Cover Sheet

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Document Type Plan

Document Identification PS518368P

Number of Pages

(excluding this cover sheet) 2

Document Assembled 20/09/2023 10:52

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