Information Memorandum - 13 Metropolitan Avenue, Nunawading

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01 POINT OF INTEREST

13 METROPOLITAN AVENUE, NUNAWADING.

BUILDING AREA

440 sqm*

ZONING Industrial 1 Zone

TENANCY

METHOD OF SALE

SALE TERMS

Vacant Possession

Public Auction Wednesday 19th June 2024 at 12:00pm

10% deposit, balance 60/90 days

02 POINT OF VIEW

“It’s easy to understand why an industrial mecca would appreciate a nearby Bunnings, but this building has one on its doorstep. Cut the line into Metropolitan Avenue with us.”

JARROD MORAN DIRECTOR - AGENCY

Nunawading offers undisputed commercial amenities, access, and accelerated operations — it just rarely offers an opening. Here, the versatile floor plan at number 13 Metropolitan Avenue will make your FY25 plans the most elevated yet.

440 sqm* building area.

50 sqm* first floor office.

70 sqm* bonus mezzanine storage.

Industrial 1 zoning.

4 on-site car spaces with gated access.

High clearance warehousing with two-level office.

2 km* to Eastern Freeway / Eastlink.

600 m* to Springvale Road.

450 m* to Nunawading railway station.

“The meticulouslydesigned balance of admin areas and industrial ones make this setup a complete all-rounder for owner occupiers, or strategic investors.”

STAN DAWIDOWSKI DIRECTOR - EASTERN REGION

03 PROPERTY FEATURES

IMPROVEMENTS

On the wishlists of astute commercial players for years, this industrial chameleon is surrounded by like-minded businesses looking to optimise their operations and enhance their market presence. By no means a modest build, there are plenty of square metres for your small to medium-sized enterprise to distribute, manufacture, or simply store what it needs within a flexible environment.

The 440 sqm* total building area splits between high-clearance warehousing, a dual-level office with heating and cooling, plus 70 sqm* of additional mezzanine storage. There’s roller door access of course, and four on-site car spaces within the gated site. Speaking of, the asset isn’t hidden within the block, boasting significant street frontage to a popular commercial district and avenue.

04 LOCATION

ALL SIGNS POINT TO: METROPOLITAN AVENUE.

An enviable address thanks to the seamless arterial connections here. For public transporters, Nunawading Railway Station is 450 m* away. If you’re behind the wheel, you’re 2 km* from the Eastern Freeway (Eastlink) and 600 m* to Springvale Road.

Whitehorse Road’s MegaMile, or ‘Golden Mile’, is aptly named considering the significant retail buzz. Hosting big names in bulky goods like Fantastic Furniture, Freedom, Snooze, and King Living, there’s also a strong assortment of classic retail like Petbarn, Supercheap Auto, Billy Hyde Music, and AMX Superstores. It brings in a healthy crowd with Crunch Fitness, Club Lime, and Perkins Jiu Jitsu, as well as a hungry one thanks to PappaRich, Squires Loft, and Meating Korean BBQ.

Vicinity is also bringing to life a 10-year master plan to transform 5.5 ha* of prime Box Hill land into a world-class mixed-use and retail precinct. This will include an office tower, a residential tower, and a new town square, fueling population growth predictions to climb as well as record-low rates of commercial vacancy.

04 LOCATION

AND THE POINT?

Metropolitan Avenue is renowned for its strength in numbers: 40 m* from Bunnings, 100 m* from the MegaMile, and 0 similar industrial assets available on the market. The only other strategic number: calling ours.

05 SUBURB PROFILE

ON THE MAP: NUNAWADING.

A suburb with roots in fruit-growing and brickworks, Nunawading has diversified its offering over the years to not only be commercially front-of-mind but also growing in residential appeal. From the increase in reputable restaurants to the highly regarded education options, the upgraded railway station to the safe and multicultural vibe — it’s no wonder the population here is growing rapidly. Specifically, over the past decade, it has increased by over 20% and is projected to continue.

Box Hill, Blackburn, and Burwood have all seen accelerated development and, in turn, soaring real estate prices in the past ten years. As the trend continues east of Melbourne, and with straightforward freeway access a given, commutes to the CBD don’t get longer than half an hour — but the line to get into the suburb is only growing.

Nunawading doesn’t sit in stagnation. Victoria’s Big Build initiative will see the North East Link supercharge commutes by introducing more tunnels and simpler interchanges to reduce travel times by up to 35 minutes. Due for completion by 2028, the works to the M80 Ring Road connections and Eastern Freeway upgrades will play a role in making this part of Melbourne’s east even more popular.

POPULATION

06 PROPERTY PARTICULARS

PRINCIPLE OUTGOINGS

TITLE PARTICULARS

Council rates: TBC

Water rates: TBC

Owners Corporation: TBC

Land tax: TBC

Certificate of Title — Volume 9483 Folio 828 Lot 1 on Plan of Subdivision 18095

ZONING Industrial 1 Zone

PLANNING OVERLAYS

MUNICIPALITY

Development Contributions Plan Overlay - Schedule 1

City

of Whitehorse

07 CONTACT DETAILS

JARROD MORAN DIRECTOR - AGENCY

M: 0413 251 621

E: jarrod.moran@cva.melbourne

STAN DAWIDOWSKI

M: 0400 448 755

E: stan.dawidowski@cva.melbourne

POINT OF INTEREST:

The key word you’re looking for is knowledge. It’s Jarrod’s established market understanding, extensive business experience and strong work ethic defined by motivation and dedication, that makes him a seasoned asset not just to CVA but to your day to day. And it’s this energy that amplifies opportunity — in Melbourne, in the market and in the minds of his clients.

POINT OF VIEW:

“The commercial and industrial property market is made up of two key elements: opportunities and requirements. In identifying and negotiating the right fit for each client, it is not just our ambition to achieve the best possible outcomes, but a way of ensuring the complete picture.”

POINT OF INTEREST:

It’s old school work ethic meets new school adaptability. The diligence that Stan brings to your property transaction is one that cannot be taught — only developed over time. He’s a specialist in project work, offthe-plan sales and the current 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.

DIRECTOR - EASTERN REGION

POINT OF VIEW:

“Commercial property is an excellent way to increase your wealth both as an owner-occupier and/or investor. In 35 years of real estate, it’s been those in the market who can not only advise, but educate, who have seen consistent client return and referral.”

FLOOR PLAN

FLOOR PLAN

13 METROPOLITAN AVE, NUNAWADING

TITLE PLAN