Information Memorandum - 64, 31-37 Norcal Rd Nunawading
As Melbourne’s leading independent commercial property agency, we take pride in creating worth across all four points of this city.
01. Point of Interest
02. Point of View 03. Property Features
04. Property Particulars
05. Location
06. Recent Sales
07. Floor Plan
08. Sales Process
09. Appendices Private sale form
PRIVATE SALE BY CLOSING DATE - WEDNESDAY 25TH JUNE AT 2PM.
Set within the coveted ‘Industria’ estate and moments from Nunawading’s Golden Mile (of foot and car traffic), this sleek, high-clearance warehouse delivers a rare trifecta for investors — premium build quality, an established tenant, and future-focused sustainability credentials. Totalling 303 sqm* of adaptable space, the property offers a contemporary industrial footprint ideal for e-commerce, design, and service-based operations.
Inside, a comfortable office area meets a warehouse/showroom bolstered by three-phase power, a private rear courtyard, a bathroom with a shower, and an efficient, environmentally conscious layout. Currently leased to Apadana Design — a high-end renovation specialist known for transforming kitchens, bathrooms, and laundries — the asset currently generates $55,000 + GST and outgoings annually, with a three-year lease commencing August 2024 and options extending up to nine years. The secure complex offers remote gate access after hours, 3 allocated car spaces, and the convenience of Mr Robertson Café on-site. Total building area.
303 sqm* $55,000 Nunawading
Car Spaces
Three (3) allocated car parks on-site.
Secure Complex
Gated Complex.
3 Year Lease Term
With two further options of 3 years
Located within Nunawading’s thriving Industria Estate.
This is where businesses grow, leases stick, and investors build portfolios that last. Surrounded by thriving trade and nonstop demand, this Norcal Road address is a proven performer in Nunawading’s industrial heartland.
Jarrod Moran | 0413 251 621
jarrod.moran@cva melbourne
“A set and forget investment within Nunawading’s thriving Industria estate”
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.
Stan Dawidowski | 0400 448 755
stan.dawidowski@cva melbourne
“The edge – where location meets innovation”
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, off-theplan 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.
Set in the sought-after Industria estate near the Golden Mile, this upgraded 303 sqm* warehouse-office delivers high-impact functionality with modern improvements throughout. The property features 234 sqm* of adaptable warehouse/showroom space and a 69 sqm* fully fitted first-floor office—perfectly tailored for design, e-commerce, or service-based operations.
Recent enhancements include three-phase power, a private rear courtyard, and a sleek bathroom with shower, all framed by a sustainability-conscious layout that reduces operational costs. Secure gated access, three dedicated car parks, and on-site café amenity further elevate its appeal.
Leased to luxury renovation firm Apadana Design Pty Ltd at $55,000 per annum plus GST and outgoings, with a new lease commencing August 2024 (3+3+3 term), this investment offers long-term value in a proven growth corridor. A standout industrial opportunity where quality upgrades meet strong tenant appeal.
Principle Outgoings
Title particulars
Council Rates:
Water Rates:
Owners Corporation:
Land Tax (Single Holding):
$3,647 p.a* (2025)
$1,466 p.a* (2025)
$5,029 p.a* (2025)
$975 p.a* (2025)
Certificate of Title — Volume 09018 Folio 534
Lot 64 on Plan of Subdivision 746851M
Zoning Industrial 1 Zone (IN1Z)
Planning Overlays
Municipality
Development Contributions Plan Overlay - Schedule 1 (DCPO1)
Whitehorse City Council
TENANCY SCHEDULE
Tenant
Current rental
Lease terms
Commencement date
Further terms
Rental reviews
Outgoings
Leased to Apadana Design Pty Ltd
$55,000 per annum plus GST and outgoings
Three (3) years
14th August 2024
Two further terms of Three (3) years
4% Annual Rental Reviews and Market review at option
Payable by Tenant as per lease (Excl. Land Tax)
Apadana Design Pty Ltd
Apadana Design is a specialist in home transformation, offering innovative renovations for kitchens, bathrooms, and laundries. As both a home renovation company and an online retailer of premium renovation products, the company is known for delivering high-quality craftsmanship and modern designs that enhance the aesthetics and functionality of every space.
Crafting Spaces with Purpose
The company’s mission is to create functional and stylish living environments that enrich everyday life. By combining top-quality materials with expert craftsmanship, Apadana Design delivers outstanding kitchen and bathroom renovations. A collaborative approach ensures that each project reflects the unique vision of the client, from concept to completion.
All signs point to: Norcal Road
Located in the heart of Nunawading’s industrial precinct, Norcal Road offers a standout opportunity for businesses and investors seeking quality, convenience, and long-term growth. Here are some notable aspects and benefits of buying property in this area:
Prime Location in a Thriving Industrial Hub:
Norcal Road is situated in Nunawading’s well-established Industria Estate, one of Melbourne’s most sought-after industrial precincts. It offers direct access to major arterials like Whitehorse Road, Springvale Road, and the Eastern Freeway—ideal for streamlined logistics and daily business operations.
High-Quality, Modern Industrial Facilities:
Properties along Norcal Road feature premium, high-clearance warehouses with contemporary office spaces, three-phase power, and environmentally conscious design. These specifications cater perfectly to a wide range of businesses—from e-commerce and design to trades and warehousing.
Consistent Demand and Strong Investment Performance:
With low vacancy rates and a diverse mix of long-term tenants, Norcal Road delivers stable rental yields and capital growth potential. The area’s reputation for strong leasing activity makes it a reliable choice for property investors seeking security and long-term returns.
Outstanding Accessibility and Connectivity:
The location offers easy access to both public transport (including Nunawading Train Station and bus routes) and major roads. This benefits both staff and clients, while enhancing the operational efficiency of delivery and supply-chain services.
Business-Friendly Environment with Added Lifestyle Appeal:
Set within a secure, well-managed complex that includes an on-site cafés and allocated parking, Norcal Road provides a professional environment that supports productivity and tenant satisfaction. The surrounding Golden Mile precinct adds further appeal with retail, dining, and trade services close at hand.
AND THE POINT?
Strategic. Visible. Connected.
Norcal Road in Nunawading offers a rare opportunity to secure premium industrial property in a tightly held, high-performing precinct. With excellent access to major arterials and public transport, modern high-clearance facilities, and strong tenant demand, it delivers both operational efficiency and investment security. Ideal for businesses and investors alike, this location combines convenience, quality, and longterm growth potential.
All signs point to: Nunawading
Located just 18 kilometers east of Melbourne’s CBD, Nunawading is a well-connected and rapidly evolving suburb known for its thriving commercial and industrial sectors. Strategically positioned along major arterials like Whitehorse Road—often referred to as the “Golden Mile”—Nunawading attracts a high volume of foot and vehicle traffic, making it an ideal location for retail, trade, and service-based businesses. The suburb’s mix of modern industrial estates, showrooms, and bigbrand retailers has established it as a commercial hub in Melbourne’s eastern corridor.
Beyond location, Nunawading offers a businessfriendly environment supported by excellent infrastructure, public transport links, and access to a skilled workforce. The area continues to experience strong demand from both owneroccupiers and investors, thanks to its combination of affordability, growth potential, and tenant stability. Whether you’re a business looking to expand or an investor seeking solid returns, Nunawading presents a unique balance of opportunity, accessibility, and long-term value.
And the point?
Investing or doing business in Nunawading makes strategic sense due to its prime location, strong transport links, and established reputation as a commercial and industrial hub in Melbourne’s east. With high exposure along the busy Golden Mile and easy access to major roads and public transport, it offers unmatched convenience and visibility for a wide range of industries. The area’s low vacancy rates, consistent demand, and longterm tenant stability make it a reliable choice for investors seeking steady rental returns and capital growth, while businesses benefit from a supportive, growth-oriented environment that’s built for success.
RECENT SALES IN THE COMPLEX OF 31-37 NORCAL ROAD, NUNAWADING
31/31-37 NORCAL ROAD, NUNAWADING
Sale Price: $588,000 Date: July 2024
Building Area: 112 sqm* Rate: $5,250 per sqm*
Zoning: Industrial 1
14/31-37 NORCAL ROAD, NUNAWADING
Sale Price: $1,100,000 Date: February 2024
Building Area: 198 sqm* Rate: $5,556 per sqm*
Zoning: Industrial 1
58/31-37 NORCAL ROAD, NUNAWADING
Sale Price: $840,000 Date: July 2024
Building Area: 165 sqm* Rate: $5,091 per sqm*
Zoning: Industrial 1
23/31-37 NORCAL ROAD, NUNAWADING
Sale Price: $1,020,000 Date: November 2024
Building Area: 234 sqm* Rate: $4,358 per sqm*
Zoning: Industrial 1
PLAN SCHEDULE: TOTAL
*All measurements and sizes are approximate only.
SALES PROCESS
Private Sale Process
At CVA, we are dedicated to providing a professional and transparent experience throughout the private sale process.
To ensure clarity and fairness, we have outlined the key steps below, allowing prospective purchasers to fully understand the process when submitting an offer.
1. Submitting Offers
Offers can be submitted at any point during the private sale period, as there is no fixed closing date. We recommend that all interested parties submit their strongest offer using the provided documentation, ensuring all fields are completed and the form is signed. Once submitted, your offer will be promptly presented to the vendor for consideration.
2. Review Process
Upon receipt, all offers are carefully reviewed by the vendor. We will communicate any feedback or decisions regarding your offer in a timely manner. Unlike auctions or formal Expressions of Interest campaigns, the private sale allows the vendor the flexibility to accept, negotiate, or decline offers at their discretion as they are received.
3. Contract and Settlement
Should your offer be accepted, a formal contract of sale will be prepared. At this stage, a deposit may be required to secure the property. The agreed terms of the contract, including the settlement period, will then be finalised between the buyer and vendor.
We strive to maintain open communication and provide professional guidance throughout the private sale process, ensuring a seamless experience for all parties involved.
