PROPERTY PREVIEW
EDITION 3 JULY 2017
CELEBRATING 100 YEARS IN REAL ESTATE From a small office in Pultney Street, Dandenong to a company spanning three generations, the Facey family has had a profound impact on the development and commerce of Dandenong and the south east growth corridor. 100 years is a testament to the strong, local, family culture that has always underpinned the Facey business. We continue to be one of the most trusted names in real estate, servicing loyal businesses and investors with our in depth knowledge of the south east market.
facey100.com.au
Property Preview Edition 3 Innovation & Adaptation Innovate and be prepared to adapt and change, otherwise your service industry will be disrupted. At Facey Industrial Commercial, we see the needs of our clients and customers as continuously evolving. We now communicate with our clients where they feel most comfortable – whether that’s face to face, in print, via email, Facebook, LinkedIn or Instagram. As a result of our innovative approach to marketing and communication, we have seen outstanding results achieved in recent months (see pages 18-19). Pacific Business Park (featured on pages 6-7) is an example of just how much business parks have grown. This standout project should be investigated by all investors looking for a cracking location just minutes from Eastlink. We’re also proud to bring back our feature on the staff of Facey and in this edition, you will meet Jaimee and Nikki. Matt O’Dea’s quarterly column is a must read for the developer and developer at heart, highlighting the stock shortage in the industrial market at present. Jet Saliu, part of our Sales and Leasing team, has crafted a great piece on medical real estate and the opportunities we have here in Dandenong for Tenants and Owners.
Fast read 84-100 Pacific Drive, Keysborough
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Multiple reasons to invest in healthcare by Jet Saliu
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Since we last spoke: recent sales/lease
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Build it and they will come! by Matt O'Dea
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Do you have a property that has been on the market longer than expected? We have launched a ‘reviver package’ enabling you to market via social media advertising for Landlords and Vendors looking to invest again with online advertising. Make sure you ring up one of our team and have a chat about this effective and cost efficient form of marketing. Enjoy the read and we look forward to meeting you at one of our fantastic properties in the coming weeks. Regards,
GRAHAM ‘JOSH’ KENDALL
MARK BOND
Director
Director
Property Preview | July 2017
3
7B/102-128 Bridge Road, Keysborough FOR LEASE
Ready for business Located adjacent to Eastlink within the Keypoint Business Estate, this distribution warehouse totals 2,381m2 and includes great amenities.
• Good loading access
The property also features offices and lunchroom with excellent loading ability, an on site café and ample parking.
• Adjacent to Eastlink
With easy access via Bridge and Cambria Roads, your business will be positioned for success.
• Access via Bridge & Cambria Roads • Short term tenancy of 1 year plus considered • 28 on site car parks Graham 'Josh' Kendall 0418 322 443 Colin Tarlamis 0400 344 070
Visit website 4
*All prices are exclusive of GST unless stated. All measurements are approximate.
Building area 2,381m²
Zoning Industrial 1
Lease price $178,575pa + O/Gs
3/10-16 Stephen Road, Dandenong MORTGAGEE AUCTION
Street fronting site off major road Located in thriving Dandenong South, this street fronting office/ warehouse is located just off Frankston-Dandenong Road and moments from Eastlink.
• Street frontage • Rear yard: 195m2 • Close to major arterial roads
With a functional warehouse, the site is further enhanced by a front office space. Comprising three-phase power, a triple interceptor and both front (electric) and rear roller doors, this site is ready to occupy. With a handy 195m2 rear yard, this workspace is the perfect platform to operate from and ideal for those looking to expand their business in an established industrial precinct.
Building area Total: 556m2 Office: 36m2 Warehouse: 520m2
Zoning Industrial 1
Matt O’Dea 0448 566 556 Tim Dark 0488 558 484
Visit website Property Preview | July 2017
Mortgagee auction Wed 9th August, 12 noon on site Terms: 10% deposit, balance 30 days
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*Artist impression only
84-100 Pacific Drive, Keysborough
FOR SALE
Upgrade your business to first class Pacific Business Park brings a range of unmatched, first class facilities to the prestigious Key Estate, Keysborough. A development that embodies quality throughout, the site is strategically located, architecturally crafted, and an enviable asset to any business owner. Brilliantly located on the corner of Pacific Drive and Perry Road, these 49 units are easily accessible to and from Melbourne's CBD. Bounded by major arterial roads, these unique offerings are perfect for those wanting a high traffic workspace in a prestigious location.
• • • •
49 office/warehouses State of the art buildings Located just off Eastlink
Building areas 160-420m2
Stage 1 now selling
Adam Martin 0409 357 352 am@faceyindustrial.com.au Mark Bond 0419 386 882 mark@faceyindustrial.com.au
Visit website Property Preview | July 2017
Zoning Industrial 1
Sale prices $395,000 $935,000 7
multiple reasons to invest in
HEALTHCARE The demand for healthcare in Dandenong has seen steady growth in recent years, with almost 200 patients admitted to the Dandenong Hospital daily. Despite these record numbers, thanks to an increase in staff numbers and efficiency, patients are actually spending less time in hospital.
Jet Saliu |
Sales & Leasing Consultant
Mobile: 0488 335 388 Office: 03 9701 4442
According to data from the Victorian Health Services Performance, the number of patients admitted to the Dandenong Hospital between January-March increased from 17,035 in 2016 to 17,969 in 2017. Emergency patients also revealed some surprising numbers, with the January-March quarter jumping from 8,834 emergency patients in 2016, to 9,356 in 2017. While this demand falls in line with the steady population growth being experienced in Melbourne’s South
East, which has seen an increase of 44% and job numbers grow by 56% since 2000, neighbouring hospitals have not seen the growth. In contrast, the Casey Hospital experienced no increase in patient visits between 2015 and 2016, and a small rise from 12,328 in January-March 2016 to 12,448 in January-March 2017. The demand can also be attributed to the excellent ambulance performance in Greater Dandenong, which improved average response times to 11:26 during 2015/2016 for Code One calls, from 11:34 in 2013/2014.
So what does this mean for real estate? 2016 saw the Labour Government allocate an additional $144 million within the State Budget to boost the ambulance system, which included a $27.3 million boost towards rebuilding and upgrading ambulance
stations and new vehicles. Ambulance Victoria’s Dandenong Station, located at the corner of Stud Road and David Street will be one of the stations to benefit from this boost. Facey Industrial Commercial are proud to be currently working towards securing a temporary site for Ambulance Victoria, which expects to have the upgrades at Stud Road completed within the next 18 months. The increased hospital demand and population growth have also increased the need for health care clinics in the area to service outpatients and the general populace, making medical the sector to invest in and Dandenong the place to locate your health care practice. Facey is currently offering medical centres for lease, one strategically located moments from Dandenong Hospital at 79 Stud Road, Dandenong -see page 9 for details.
79 Stud Road, Dandenong FOR LEASE
Multi-practitioner permit & brand new fit out Located across the road from Dandenong Hospital and a short walk from Dandenong Plaza, Dandenong Market, and Dandenong train station, this fantastic medical centre presents unmatched exposure and opportunity.
• Walking distance to Dandenong Hospital
Covering a total area of 130m2, the property includes five consulting rooms, reception and waiting area, all with separate air-conditioning and heating. Each room has been upgraded with waterproof laminate floorboards, brand new basins, Roman blinds, lighting & electrical, and fresh paint throughout.
• Multi-practitioner permit
With two street frontages, 14 car spaces, a carport and a multi-practitioner permit, your medical practice is sure to thrive in this fantastic location.
Building area 130m2
• 14 car parks • 2 street frontages • 5 consulting rooms Jet Saliu 0488 335 388 Mark Bond 0419 386 882
Zoning Residential 1
Lease price $45,000pa + O/Gs
Visit website Property Preview | July 2017
9
373 Nepean Highway, Frankston FOR LEASE
New on Nepean Position your practice in this modern, purpose built medical centre on busy Nepean Highway.
• 3 practitioner medical permit
With an existing permit for three practitioners, this well presented freestanding building is ideal for most medical uses and includes three practitioner rooms, waiting rooms, reception area and staff amenities. Patients will also benefit from front and rear access and 11 on site car parks.
• 11 car parks on site
Watch your business thrive in this high exposure location, just a short stroll from Frankston's Central Activities District.
• Freestanding building • Main road frontage
Ian Kilgour 0416 012 727 Colin Tarlamis 04 00 344 070
Visit website 10
*All prices are exclusive of GST unless stated. All measurements are approximate.
Building area 110m²
Zoning Commercial 2
Lease price $39,000pa + O/Gs
15 Scott Street, Dandenong FOR LEASE
Freestanding CBD offices This immaculate freestanding office presents a rare opportunity to position your business in the heart of Dandenong's CBD.
• Multiple offices
Located adjacent to a large council car park, the office features multiple offices, an open plan reception foyer, kitchens and heating and cooling throughout.
• Adjacent to council car park
Ideal for medical or office use, this property is ready for your business now. Relocate to Dandenong's thriving business district and be a part of the action.
• Central Dandenong location
Building area 483m²
• Heating and cooling
Zoning Comprehensive Development
Ian Kilgour 0416 012 727 Jet Saliu 0488 335 388
Lease price $72,450pa + O/Gs
Visit website Property Preview | July 2017
11
5 Park Drive, Dandenong FOR LEASE
Just like brand new! If you need to move your business into a thriving location, then look no further than 5 Park Drive, Dandenong.
• Like new
A recent first class rejuvenation has allowed this excellent site to shine. Perfectly situated in the heart of Dandenong, with open plan office space and modern fittings to match, this upmarket industrial workhorse is client friendly and a prime location for any business.
• 1,000m² warehouse + 130m² open plan office
Enjoy an enormous warehouse space that is ideal for manufacturing. It includes mercury vapour lighting and has a large electric street-facing roller door, along with brand new skylights providing ample natural light throughout. The entire site is securely fenced with lock up gates and there are 12 car spaces onsite. 12
*All prices are exclusive of GST unless stated. All measurements are approximate.
• 1,030m² Building
Building area 1,130m2
• Securely fenced and gated
Zoning Industrial 1
Mark Bond 0419 386 882 Jet Saliu 0488 335 388
Lease prices $90,000pa + O/Gs
Visit website
14/94 Abbott Road, Hallam FOR LEASE
Everything you need & more! Factory 14 at 94 Abbott Road in Hallam offers you a rare opportunity to secure a high-end office/warehouse within a well established Business Park. The property includes an A-grade dual level office fit-out of over 300m2 (including bonus office areas) and approx 250m2 of high clearance warehouse space suitable for warehousing or storage. With split systems throughout downstairs, and central heating/cooling within the open plan first level. This office is also entirely networked. Fresh paint and new carpet, there's never been a better time to move to this great location.
• A-Grade 2 level office • Abundance of on-site parking
Building area 545m2
• On-site café • Close to major roads including Princes Highway, Monash Freeway, and South Gippsland Freeway
Zoning Industrial 1
Jet Saliu 0488 335 388 Mark Bond 0419 386 882
Lease price $60,000pa + O/Gs
Visit website Property Preview | July 2017
13
88-94 High Street, Berwick Sale Date June 2017 Sale method EOI Purchaser Private Investor
SUCCESS STORY
The Property
The Campaign
The Result
With a total rental income of $530,451 per annum from an impressive portfolio of tenants including ANZ Bank, Charcoal Chicken, Karma CafĂŠ, The Fit Shake Bar, Dr Strata along with three legal firms. Tightly held and ideally located in Berwick's commercial hub, this flexible investment opportunity was offered as a whole or as four separate investments.
A full scale print and online campaign was conducted including drone video, internet, local press and The Age, generating an outstanding level of enquiry and Information Memorandums distributed.
Record breaking! With great marketing and excellent agents Matt O'Dea and Matt Rice, the campaign resulted in four strong expressions of interest. The final transaction broke records for Berwick and the Vendor was thrilled with the result.
42 High Street, Berwick FOR LEASE
Main road shopfront Situated on bustling High Street, this fully equipped shop front is perched proudly on a tightly held shopping strip.
• Fantastic exposure
Located in the heart of Berwick you will be surrounded by established neighbours that are already thriving from the constant foot traffic.
• Rear car parking
• Heart of Berwick
Zoning Commercial 1
The shop itself is some 150m² and includes two split system air conditioners, toilet, kitchenette and handy storage space. This is a rare opportunity to benefit from not only a booming location but a strip that is perfect for either an office or retail style enterprise.
Building area 150m2
Adam Martin 0409 357 352 Matt O'Dea 0448 566 556
Lease price $84,000pa + O/Gs
Visit website Property Preview | July 2017
15
5/93-95 Abbott Road, Hallam FOR SALE
Ideal for owner occupancy or investment Located in the heart of Hallam's industrial precinct, this tidy unit benefits from an on site café.
• Tightly held industrial precinct
With three phase power and full concrete panel construction, the factory of 193m² provides exceptional access for trucks and cars via its large roller shutter door and wide driveway. Ideally positioned on Abbott Road, this highly desirable business destination is the perfect space for the growth of your business.
• Easy truck and vehicle access
If you're an owner occupier in the market for a new workspace, or an investor looking to capitalise on a tightly held precinct, this is the package for you.
• Includes front office • 3 phase power
Ian Kilgour 0416 012 727 Jet Saliu 0488 335 388
Visit website 16
*All prices are exclusive of GST unless stated. All measurements are approximate.
Building area 193m2
Zoning Industrial 1
Sale price $425,000
118 Wedgewood Road, Hallam FOR LEASE
Winning in Wedgewood This freshly painted and renovated office/warehouse is ready to move into today.
• Offices totalling 140m²
This high clearance warehouse is easily accessed via a roller door and enjoys excellent exposure fronting Wedgewood Road. Both office areas are newly renovated and fitted with ducted reverse cycle air-conditioning. The ground floor office of 90m² includes a reception counter, two work stations, manager's office, kitchen, amenities, plus a small mezzanine of 30m². The first floor office totals 50m² and features carpet and open plan design.
• Super clean high warehouse
With five on site carparks, lock up gate and alarm system, 118 Wedgewood Road is ready for your business.
• 5 car parks on site • Recently renovated
Tim Dark 0488 558 484 Graham 'Josh' Kendall 0418 322 443
Building area 345m²
Zoning Industrial 1
Lease price $29,325pa + O/Gs
Visit website Property Preview | July 2017
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THANKS TO OUR DYNAMIC PROPERTY PREVIEW, WE HAVE SOME VERY HAPPY VENDORS AND LANDLORDS. TALK TO US ABOUT FEATURING YOUR ASSET IN THE NEXT EDITION OF THE FACEY PROPERTY PREVIEW.
Since we last spoke
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1485 South Gippsland Cranbourne
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LD 88-94 High Street Berwick
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48 James Street Pakenham
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33 Healey Road Dandenong South
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LD 30 Greens Road Dandenong
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LEASED 1/191-195 Greens Road Dandenong
Build it and they will come! I'd encourage any developers sitting on quality blocks of land to speculatively commence building in today's market, and to do so without delay.
reasonably firm on their pricing because the reality is that buyers and tenants don't have the options that seemed to be around as little as 12 months ago.
Demand for quality new buildings is high, and very high if the developer is willing to sell as well as lease.
Dandenong is currently Victoria's second most searched area online for commercial and industrial property second only to Melbourne's CBD. If that doesn't give local developers confidence I'm not sure what will. It's all part of a much bigger story for our area where we continue to see new businesses coming in and existing businesses upgrading. Dandenong is solidifying its position as the capital of Melbourne's South East.
Such is the demand that we are commonly seeing these premises transacting before the building is even complete. Owner occupiers don't seem to have the time nor patience to wait 12 months for a new building to be designed and built to order, so it often comes down to the available stock of the day. Appetite remains strong for industrial buildings between 500-2000m2 and the limited availability in the market is proving advantageous to developers. They can remain
Matt O'Dea
Partner Mobile: 0448 566 556 Office: 03 9701 4430
9793 4455 | faceyindustrial.com.au
"As a Dandenong local I love being a part of the changing real estate scene in the area."
“I love working in real estate because of the variety of the job and I get to meet many different people everyday�
Jaimee
Nikki
HERNANDEZ
VELLA
Sales & Leasing Assistant
What's your favourite song? Redbone by Childish Gambino What is your favourite restaurant in the area? Dandenong Pavilion. I love their Carbonara Penne. What do get up to outside of the office? Reading. I'm currently enjoying The Wave by Morton Rhue. What piece of advice would you offer your 16 year old self? Definitely, go with your gut. It's usually always right.
NEW
What is something on your bucket list? I really want to travel, especially to Mexico.
What do you get up to outside of the office? I enjoy spending time with my family and supporting my son at his dance competitions.
FACES
Do you have any pets? Yes, I have a Labrador and her name is Lucky.
Portfolio Manager
Do you have any pets? I have two Chihuahuas named Mia and Daisy that I absolutely adore. What piece of advice would you offer your 16 year old self? Spend as much time with your mother as possible. You only get one and they can be taken from you at any time. What is something on your bucket list? America! I need to get the courage to go on a long plane journey. What's your favourite song? Despacito by Justin Bieber, pretty sad huh! What is your favourite restaurant and go to order in the area? Poppies Thai Restaurant. I always get the coconut rice, curry and sweet stir fry.
YOUR AUTHORITY At Facey Industrial Commercial we pride ourselves on being the authority on industrial and commercial property in the South East. The Facey name has been synonymous with real estate since Frank Facey opened for business in Pultney Street, Dandenong in 1917. Now celebrating our 100th year we continue to bring you the best in industrial and commercial property and provide expert advice and management whether you're selling, leasing, or purchasing.
The
Authority on industrial and commercial p roperty Facey Industrial Commercial 6 Clow Street Dandenong VIC 3175 T 9793 4455 F 9791 3648
faceyindustrial.com.au Disclaimer: Whilst every care has been taken in respect of the information contained herein, no warranty is given as to its accuracy. Prospective Purchasers/Tenants should make their own enquiries to satisfy themselves of all aspects of the contents. Prices may be subject to change without further notification. All measurements are approximate. All prices are GST exclusive unless stated.
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