HEADMEMORANDUM.INFORMATIONOFFICE 18-20 Russell St, Melbourne SOUTH EASTERN OFFICE 2 Brandon Park Dr, Wheelers Hill EASTERN OFFICE Suite 2, 5 Corporate Blvd, Bayswater WESTERN OFFICE Suite 102, 3 Little Boundary Rd, Laverton North POINT OF INTEREST: Unit 3, 1-3 Belgium Avenue, Richmond
CONTENTS 01 POINT OF INTEREST 02 POINT OF VIEW 03 PROPERTY FEATURES 04 LOCATION 05 SUBURB PROFILE 06 PROPERTY PARTICULARS 07 SALES & LEASING EVIDENCE 08 CONTACT DETAILS 09 APPENDICES ▪ TITLE PLAN
Private
SALE TERMS 10% deposit, balance 60/90 days
UNIT 3, 1-3 BELGIUM AVENUE, RICHMOND.
ZONING Commercial 2 zone (C2Z)
BUILDING AREA 192 sqm*
LAND AREA 114.67 sqm * (strata titled)
METHOD OF SALE Sale
TENANCY Clean Technology Partners Pty Ltd - $52,951.20 p.a.
01 UNIT 3, 1-3 BELGIUM AVENUE, RICHMOND INFORMATION MEMORANDUM WWW.CVA.MELBOURNE 01 POINT OF INTEREST
RYAN SENIORMILIVOJACEXECUTIVE - CITY FRINGE
Lofty ceilings with lots of natural light.
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Not many other suburbs can claim it, but every Melburnian has visited Richmond at least once in their life —typically for either an appointment, an oversized parma, or to get to the MCG. So this prized investment will give you more bang for your buck in popularity alone.192sqm*
POINT OF VIEW
Creative city fringe space.
“The tenant has taken a big picture view and is looking out for all our futures, so you can focus on renewing your portfolio and investing in your future.”
building area, forms part of a strata 2subdivision.carparks on title.
Future rental growth upside.
“A long-standing tenant that also occupies next door, it’s hard to go past an investment offering of this calibre.”
IAN MANAGINGANGELICODIRECTOR - AGENCY
03 UNIT 3, 1-3 BELGIUM AVENUE, RICHMOND INFORMATION MEMORANDUM WWW.CVA.MELBOURNE 03
Located within the western end of Melbourne’s favoured suburb for business mixing with pleasure, you’re buying into 192 sqm* of self contained building.
This asset is primed for office use thanks to the versatile layout, with more comforting inclusions like heating and cooling, polished concrete flooring, kitchen, bathroom and shower amenities, plus two designated car parks on title.
IMPROVEMENTS
PROPERTY FEATURES
With 3 of the last 4 flags, you might be getting sick and tired of hearing about Richmond. But when it comes to this part of Melbourne’s city fringe, creative and tech start-ups and heavyweights are settling and developing right here — and it shows no signs of slowing down!
45 VERE STREET
SOUTHBANK
ALL SIGNS POINT TO: RICHMOND AND THE POINT?
Newly completed developments are littered around this investment — like Richmond Quarter, 45 Vere Street, and Bromham Place — drumming up regular publicity and buzz from residents and investors alike. The Epworth medical precinct sits within 500 m* and draws in a more serious crowd, while the banh mi strip on Church Street attracts a hungrier one — and every form of public transport within arm’s reach. Convenience from Bridge Road’s retail strip means just an eight-minute walk to Coles, while Hoddle Street is only 500 m* away. In addition 500 m* from West Richmond railway station, 210 m* from the trams on Church Street and 3 km* from Melbourne CBD.
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LOCATION
RICHMOND
CITIZENS PARK QUARTER
05 UNIT 3, 1-3 BELGIUM AVENUE, RICHMOND INFORMATION MEMORANDUM WWW.CVA.MELBOURNE 04 RICHMONDLOCATIONQUARTER-ANCHORED
BY COLES & RICHMOND TRADERS.
Equally popular amongst commercial industries an residential dwellers, Richmond continues to grow and is considered a high demand market. Well served by railway stations and various trams for public transport, it’s conveniently connected to all points of Melbournewhilst making the most of being right in the middle of
OVER
100% 28,587 RESIDENTS 11.3% 3,230 RESIDENTS 79.1% 22,603 RESIDENTS 9.6% 2,756 RESIDENTS BETWEEN 15-65 UNDER 15 65
POPULATION
facts show that the median age for home occupiers is 30 years and the median household size is 2.3 people. The average number of bedrooms per occupied private dwelling is 15.7% occupy a separate house in this suburb and 30.7% are semi-detached.
Recentit.
06 UNIT 3, 1-3 BELGIUM AVENUE, RICHMOND INFORMATION MEMORANDUM WWW.CVA.MELBOURNE 05 SUBURB PROFILE FAMILY HOUSEHOLDINDIVIDUAL WEEKLY INCOME $2,245$1,356$3,096
$690,000$1,470,000HOUSEUNIT RESIDENTIALMEDIAN PRICES SOURCES: PROPERTYDATA.COM.AU & AUSTRALIAN BUREAU OF STATISTICS, CENSUS 2021
Located just 3km east of Melbourne’s CBD, Richmond is home to opportunity that’s unparalleled in Melbourne. Between a breadth of retail and hospitality options, the suburb offers a day-to-day determined by variety.
ON THE MAP: RICHMOND.
Council rates: $2,394.06 per annum
SITE
Commercial 2 Zone (C2Z)
PARTICULARSPROPERTY
PRINCIPLE OUTGOINGS
Certificate of Title — Volume 10786 Folio 708
TITLEDETAILSPARTICULARS
Width (front and rear): 5.44 metres*
Total site area: 114.67 sqm* (strata titled)
Development Contributions Plan Overlay — Schedule 1
Water rates: $1,012.25 per annum
PLANNING OVERLAYS
Land tax: $1,023.63 per annum
Owners Corporation: $3,258.00 per annum
ZONING
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Length: 21.08 metres*
Lot 14 on Plan of Subdivision 505239Y
Heritage Overlay (Ho462)
06
Two (2) years
FURTHER TERM
Payable by tenant as per lease (excluding land tax)
CLEAN TECHNOLOGY PARTNERS
COMMENCEMENT DATE 08 April 2021
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Annual 2.5%, market at option 8th April 2023
PARTICULARSPROPERTY
LEASE TERM
One futher term of two (2) years
TENANT Clean Technology Partners Pty Ltd
CURRENT RENTAL
$52,951.20 + Outgoings as per lease
TENANCY DETAILS
Clean Technology Partners is a specialist engineering consult to the new renewables and energy storage industry - operating since 2011.
OUTGOINGS
RENTAL REVIEWS
Clean Technology partners have successfully completed over 1,500 major projects across all Australia.
06
Net Rental: $81,000
Sale Amount: $770,000
4/3 BROMHAM PLACE, RICHMOND
Sold Date: 18/08/2021
Building Rate: $6,250 per sqm*
Total Building Area: 137 sqm*
Lease Date: 10/01/2022
Rate per sqm: $364 per sqm*
SALES & 9/6-8EVIDENCELEASINGBROMHAMPLACE,RICHMOND
14/1 BROMHAM PLACE, RICHMOND
Total Building Area: 91 sqm*
Net Rental: $50,000
Building Rate: $8,462 per sqm*
Rate per sqm: $471 per sqm*
Total Building Area: 240 sqm*
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Sale Amount: $1,500,000
Lease Date: 01/02/2022
Sold Date: 08/06/2022
LOT 5/45 VERE STREET, RICHMOND
Total Building Area: 172 sqm*
M: 0409 481 471
RYAN MILIVOJAC
E: ryan.milivojac@cva.melbourne
“It’s practical, it’s analytic and it’s pragmatic. But my approach in seeing commercial property as the vehicle for achieving objectives doesn’t just focus on the facts at hand — it’s about extracting the potential value that each site holds.”
CONTACT DETAILS
M: 0418 336 088 E: ian.angelico@cva.melbourne
IAN ANGELICO MANAGING DIRECTOR - AGENCY
POINT OF INTEREST:
SENIOR PROPERTY EXECUTIVE - CITY FRINGE
“Business, similar to commercial property, comes down to economics — the all-important dollar. And so, those in the market must recognise that when providing platforms for businesses to transition from ideas to implementation, the price must be right not just today but tomorrow, too.”
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.
POINT OF INTEREST:
10 DISCLAIMER: THIS REPORT HAS BEEN COMPILED ON THE BASIS OF INFORMATION AVAILABLE. THOUGH EFFORTS HAVE BEEN MADE TO VERIFY OR ESTABLISH THE ACCURACY OF THE 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 ENQUIRIES 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 UNIT 3, 1-3 BELGIUM AVENUE, RICHMOND INFORMATION MEMORANDUM WWW.CVA.MELBOURNE 08
POINT OF VIEW:
POINT OF VIEW:
Ryan redefines your definition of diligence. It’s a character trait strongly embedded in his work ethic and amplified by several years of serving in the military. Detailed and dedicated, he takes pride in elevating his clients’ expectations and continues to exceed them with his thorough market knowledge and ability to build longlasting relationships.
APPENDICES
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TITLE PLAN
UNIT 3, 1-3 BELGIUM AVENUE, RICHMONDWWW.CVA.MELBOURNE
