1 INFORMATION MEMORANDUM OAKLEIGH SOUTH 8A MARGARET
FOR
INFORMATION MEMORANDUM
STREET
SALE
Introduction
Crabtrees Real Estate & CVA Property Consultants are pleased to o er 8a Margaret Street, Oakleigh South for Private Sale.
This brand new architecturally designed o ce/ warehouse of 332 sqm* with outstanding warehouse height of approximately 8.8 metres* is well presented, fully air-conditioned and includes carpeted o ces that will suit both owner occupiers and astute investors.
This is an outstanding opportunity to position your business in one of Melbourne’s most sought after industrial precincts.
Exclusive Selling Agents
PANA KRITIKOS
Senior Executive 0418 358 700 pana@crabtrees.com.au
LUKE PITCHER
Director | Sales & Leasing 0417 055 578 luke@crabtrees.com.au
JOHN NOCKLES Director of Agency 0404 530 393 john.nockles@cva.melbourne
TIM COONEY Senior Executive 0468 860 737 tim.cooney@cva.melbourne
INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH 2
Executive Summary
PROPERTY ADDRESS 8a Margaret Street, Oakleigh South VIC 3167
METHOD OF SALE Private Sale
PROPERTY OVERVIEW
BUILDING AREA
LAND & TITLE PARTICULARS
ZONING
Brand new o ce warehouse ideal for both industrial occupiers or astute investors.
332m2*
Lot 1 on Plan of Subdivision 916492T. Volume 12528 Folio 745
The Title and site plan is included in Appendix 1
The land is zoned Industrial 1 under the City of Monash Planning Scheme allowing for a broad range of potential uses.
TENANT Vacant Possession
TERMS OF SALE
10% deposit payable with full settlement payable either 30, 60 or 90 days.
*All sizes and amounts are approximate. The vendor and their agents do not hold themselves responsible for errors, omissions and discrepancies, if any, in these particulars which have been compiled to the best of their ability, but are not guaranteed.
5 INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH
Property Overview
BRAND NEW A+ INDUSTRIAL | VACANT POSSESSION!
The subject property comprises a brand new architecturally designed office warehouses of 332m²*.
The property has been constructed with concrete tilt stab walls, composite panels, steel deck roofing and an architect glass & aluminium façade.
The warehouse area is 253m²* and provides up to 8.8 metre internal height. It is serviced by a kitchenette and amenities on the ground floor, including an additional foyer/lobby office.
The first floor office area is 79m²* and is fully carpeted and air-conditioned. It has north facing windows which allow for great natural sunlight.
The property has three (3) undercover car parks plus one (1) shared disabled car park.
ADDITIONAL KEY FEATURES:
• Securely fenced
• Three (3) phase power
• Quality finishes
• Great location just off North Road
• Ideal for owner occupiers and astute investors
• To be sold Vacant Possession
*All sizes and amounts are approximate. The vendor and their agents do not hold themselves responsible for errors, omissions and discrepancies, if any, in these particulars which have been compiled to the best of their ability, but are not guaranteed.
INFORMATION MEMORANDUM | 2A BROUGH STREET, SPRINGVALE 6 INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH 6
Comparable Sales
8B MARGARET STREET, OAKLEIGH
Sale Date | March 2024
Sale Price | $1,700,000
Area | 343m2
LOT 2 / 21A EDINBURGH STREET, OAKLEIGH SOUTH
Sale Date | February 2023
Sale Price | $1,180,000
Building Area | 236m2 Building Price per m2 | $5,000
Sale Date | November 2022
LOT 1 / 21A EDINBURGH STREET, OAKLEIGH SOUTH
Sale Date | February 2023
Sale Price | $1,170,000
Area | 210m2
| $5,571
SOUTH
Sale Date | November 2022
Sale Price | $1,587,500
Area | 332m2
| $4,781
4
Sale Date | January 2024 Sale Price | $2,200,000
Building Area | 456m2 Building Price per m2 | $4,825
INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH 8
WILLOW AVENUE, SPRINGVALE
Building Price per m2
All amounts are plus GST if applicable, unless otherwise specified.
Building
1/18 MANTON ROAD, OAKLEIGH
Building
Building
Price per m2
2/18 MANTON ROAD, OAKLEIGH
Sale Price
$1,587,500 Building Area
332m2 Building Price per m2
$4,781
|
|
|
Building
Building
Price per m2 | $4,956.63
Property Images
INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH 10
INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH 11
Location
The subject property is located in Oakleigh South one of South Eastern Metropolitan Melbourne’s most recognisable commercial locations.
Located in Margaret Street just o North Road and situated approximately 1.5km away from both Huntingdale Train Station and Huntingdale Retail Strip. Neighbouring tenants include IGA Supermarket, Australia Post and Pita Wrap It. The relocation of the Carman’s Muesli headquarters to Huntingdale has illustrated the precinct ability to attract high profile occupiers.
The property is well serviced by main arterial roads including Princes Highway, Ferntree Gully Road and the Monash Freeway.
Ideally located nearby Oakleigh Railway Station and Oakleigh’s Eaton Mall, a bustling retail, dining and entertainment hub. Neighbouring tenants include, Vanilla Lounge, Nikos Cafe, Mythos Gyros Bar, Westpac, Commonwealth Bank, Woolworths and Australia Post.
Oakleigh has been through an amazing transformation over the last 20-30 years and this has been reflected in property prices which have soared to record highs as Oakleigh has become one of the highest held property markets in the South East.
Situated nearby is Chadstone Shopping Centre
“The Fashion Capital” which is Australia’s largest shopping centre and a world-renowned fashion and entertainment hub for local and international visitors. An all-encompassing retail experience, Chadstone features over 550 stores, designer boutiques and over 30 luxury brands.
This presents an outstanding opportunity to make your mark in one of Melbourne’s most sought after locations.
12 INFORMATION MEMORANDUM | 35 HUME STREET, HUNTINGDALE 12 35 WINTERTON ROAD, CLAYTON
8A MARGARET STREET, OAKLEIGH
INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH
Zoning
The subject property is zoned Industrial 1 under the City of Monash Planning Scheme, according to the most recent Victorian zoning information available allowing for a broad range of uses.
Method of Sale
Private Sale
8A Margaret Street, Oakleigh South is being offered for Private Sale.
To arrange a private inspection please contact the exclusive selling agents.
INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH 15
Terms of Sale
The property is o ered for sale on the basis of: DEPOSIT: 10% of the agreed purchase price payable upon signing the Contract of Sale.
SETTLEMENT:
The Vendor will require full settlement of the sale upon 30, 60 or 90 days from date of Exchange of Contracts.
Exclusive Selling Agents
PANA KRITIKOS Senior Executive 0418 358 700 pana@crabtrees.com.au
LUKE PITCHER Director | Sales & Leasing 0417 055 578 luke@crabtrees.com.au
JOHN NOCKLES Director of Agency 0404 530 393 john.nockles@cva.melbourne
TIM COONEY Senior Executive 0468 860 737 tim.cooney@cva.melbourne
INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH 16 16
INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH 16
Annexure 1
Title & Plan of Subdivision
INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH 17
Copyright State of Victoria. No part of this publication may be reproduced except as permitted by the Copyright Act 1968 (Cth), to comply with a statutory requirement or pursuant to a written agreement. The information is only valid at the time and in the form obtained from the LANDATA REGD TM System. None of the State of Victoria, its agents or contractors, accepts responsibility for any subsequent publication or reproduction of the information.
The Victorian Government acknowledges the Traditional Owners of Victoria and pays respects to their ongoing connection to their Country, History and Culture. The Victorian Government extends this respect to their Elders, past, present and emerging.
REGISTER SEARCH STATEMENT (Title Search) Transfer of Land Act 1958
VOLUME 12528 FOLIO 745
LAND DESCRIPTION
Lot 1 on Plan of Subdivision 916492T.
PARENT TITLE Volume 12459 Folio 020 Created by instrument PS916492T 31/01/2024
REGISTERED PROPRIETOR
Estate Fee Simple
Sole Proprietor
Security no : 124114835885P Produced 09/05/2024 05:14 PM
GGT PROPERTIES PTY LTD of UNIT 1C 273-275 WICKHAM ROAD MOORABBIN VIC 3189 PS916492T 31/01/2024
ENCUMBRANCES, CAVEATS AND NOTICES
MORTGAGE AW940317N 16/06/2023
RMBL INVESTMENTS LTD VARIATION OF MORTGAGE AX241744G 11/09/2023
Any encumbrances created by Section 98 Transfer of Land Act 1958 or Section 24 Subdivision Act 1988 and any other encumbrances shown or entered on the plan set out under DIAGRAM LOCATION below.
DIAGRAM LOCATION
SEE PS916492T FOR FURTHER DETAILS AND BOUNDARIES
ACTIVITY IN THE LAST 125 DAYS
NUMBER
PS916492T (B) PLAN OF SUBDIVISION Registered 31/01/2024
Additional information: (not part of the Register Search Statement)
Street Address: 8A MARGARET STREET OAKLEIGH SOUTH VIC 3167
ADMINISTRATIVE NOTICES
NIL
eCT Control 22187E MASON PROPERTY LAW Effective from 31/01/2024
OWNERS CORPORATIONS
The land in this folio is affected by OWNERS CORPORATION 1 PLAN NO. PS916492T
DOCUMENT END
STATUS
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STATEMENT------------------------
DATE
OF REGISTER SEARCH
INFORMATION MEMORANDUM | 8A MARGARET STREET, OAKLEIGH SOUTH 18