PROPERTY PREVIEW EDITION 5 October 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 5
Wrapping up 100 years in real estate Where has the time gone? Hard to believe this is the final edition of 2017 as we look forward to wrapping up our 100th year in real estate! But before we do there is still plenty of sales & leasing activity to focus on. If history is anything to go by there will still be deals being finalised deep into December. Purchasing demand remains strong across most segments of the market and this is putting vendors in an enviable position. We strongly urge any owners looking to divest to act while the climate remains buoyant. We’d love the chance to show you some of the marketing strategies we’ve implemented this year to maximise results. In a sign of the times we ran an investment auction where the successful purchaser instructed us to bid on their behalf via phone while watching the auction live via our Facebook feed. The result netted the vendor a strong 4.5% yield and importantly exhausted all of the competing buyers. We know we must continue to innovate if we’re to remain a step ahead for our clients.
Fast read 82-86 High Street, Berwick
P.06
20 Princes Hwy, Doveton
P.08
30 Main Street, Pakenham
P.09
Social media
P.12
Rapid developing South East
P.13
Facey Owners Corp
P.18
We hope you enjoy exploring the properties in this edition and as always welcome the chance to discuss your property matters further. Bring on the warm weather!
MATT O’DEA
Partner
PS. A quick congrats to the Tigers. Not even our long suffering supporters in Bondy, Chad & ROC can quite believe they have finally got their hands on the silverware! Property Preview | October 2017
3
AWARD WINNING MARKETING Facey Industrial Commercial takes home REIV Award 2nd year in a row Facey Industrial Commercial was recognised for innovative marketing at the 2017 Real Estate Institute of Victoria (REIV) Commercial and Industrial Marketing Awards, winning Best Marketing Campaign by a Medium Agency. Facey was also a finalist for the Best Industrial Site Sales Campaign under $20,000 category at the awards for its campaign for 20 Decor Drive, Hallam.
1485 SOUTH GIPPSLAND HIGHWAY & 1-4, 13-27 & 29 CAMERON STREET, CRANBOURNE
Facey is leading the way in the commercial real estate sector, using digital marketing, video and social media to engage with a targeted audience.
"While we are proud to be turning 100 this year, we continue to move with the times, connecting with clients where they spend most of their time - online. We are doing this through a number of mediums including social media and video, making it easier than ever for them to explore and enquire after properties." Mark Bond, Director
THE RESULT 16,252 impressions 177 unique clicks 8712 reach 207 results
ADDRESS
SALE DATE
21 June 2017
SALE PRICE
$3,652,000
SUMMARY
199 views
807 impressions
1485 South Gippsland Highway & 1-4, 13-27 & 29 Cameron Street Cranbourne
AGENTS
The EOI campaign aimed to generate hype and a sense of competition, which resulted in a shortlist of quality offers. The properties were marketed as available to purchase together or separately, with the ideal result to sell all properties as a package. A number of expressions of interest resulted from the pool of 85 enquiries, followed by four very competitive tenders. The result was the sale of all five properties for a combined sale price of $3,652,000 to a private investor.
Richard O’Callaghan Mark Bond
82-86 High Street, Berwick EXPRESSION OF INTEREST
Proven commercial freehold Boasting a prime main road position with two street frontages in the heart of Berwick Village, this dual level commercial building is fully leased with a mix of 12 tenancies. The sale consists of a four lot sub-division to be sold in one, line with tenant leases generating a passing income of $410,686 pa in Commercial 1 zoning.
• Prime main road position with two street frontages
Building area 1,042m2
• Outstanding passing income of $410,686 pa • Excellent mix of 12 tenancies
Zoning Commercial 1
Matt O'Dea 0448 566 556 Adam Martin 0409 357 352
EOI closing Wednesday 29th November at 5pm
Many longstanding tenants have created this drawcard for Berwick township. Number 82-86 High street Berwick available for sale via Expressions of Interest closing Wednesday 29th November 2017, 5pm at 6 Clow Street Dandenong. *All prices are exclusive of GST unless stated. All measurements are approximate.
View Property Property Preview | October 2017
7
20 Princes Highway, Doveton AUCTION
When position counts! First time offered for sale in some 25 years. The passing traffic alone of around 24,000** from both the East and the West on a daily basis give this site unparalleled exposure. The decision is yours, invest or own/occupy this 609m² showroom/ warehouse. Refit or simply move in at settlement! The property features include: front and rear RSD access, rear storage yard or extra car spaces, 3 Phase power and dual amenities. Inspection by appointment is highly recommended as this is a sought after opportunity.
• A great position on Princes Highway/Highway 1 • Rear car park/yard area • Roller doors front & rear • Terms: 10% deposit, balance 60 days
*All prices are exclusive of GST unless stated. All measurements are approximate.
Zoning Industrial 1
**Vicroads Traffic Volume Data for Victoria - Prepared by Information management and technology. Feb 2017
Graham "Josh" Kendall 0418 322 443 Ian Kilgour 0416 012 727
View Property 8
Building area 609m²
Auction Thursday 16th November at 1pm
30 Main Street, Pakenham AUCTION
Income with upside This beautiful investment is in a fantastic position on Main Street, Pakenham. The tenant Butterfly Body Works existing lease is 2 years with a 2 year option, returning $28,416pa. The tenant has invested in a tasteful fit out and has been in occupation since September 2013 with the current term commencing September 2016. The land itself is 671m² with a 140m² building located on the site. This property not only offers an income but also the possibility of future development subject to council approval. With a tenant secured until 2019 and the opportunity for further development, this investment is sure to add value to your portfolio.
• Building area:140m2 • Mixed use zone • Future redevelopment site (STA) • 2 x 2 year lease commenced 01/09/2016 • Income: $28,416 pa • CPI reviews • Terms 10% deposit, balance 30/60days Adam Martin 0409 357 352 Matt Rice 0419 871 240
View Property Property Preview | October 2017
Land area 671m2
Zoning Mixed Use
Auction
Monday 30th October, 1pm on site 9
H AS ON
M
NARRE WAR EN NORTH R OAD
WESTFIELD FOUNTAIN GATE
AY W
EE FR
OR CT
VI
BUNNINGS
NT
CE
ES
CR
CASEY LIFESTYLE CENTRE
VERDUN DRIVE
MERCEDES BENZ BERWICK NEW WORLD HONDA
PRINCES
HIGHWAY
CubeOne, 55-75 Victor Crescent, Narre Warren FOR SALE
Over 50% SOLD
Mark Bond 0419 386 882 Graham ‘Josh’ Kendall 0418 322 443 Adam Martin 0409 357 352 Colin Tarlamis 0400 344 070 Doukas Gigis 0466 339 668 Ian Kilgour 0416 012 727 Jet Saliu 0488 335 388 Matt O’Dea 0448 566 556 Matt Rice 0419 871 240 Nick Janiw 0424 237 456
Construction Commenced
Winning location, sensational design Own your own office in the most distinctive business address in south east Melbourne. Located within the growth corridor of Melbourne, the CubeOne project is an office in the centre of it all. The Cube Office series will bring unmatched, first-class facilities to the burgeoning Narre Warren business precinct, lifting it to new heights with striking design and enviable working facilities. CubeOne has been designed to cater with the utmost flexibility and efficiency; an investment tailored to your business. Designed by leading commercial architects Watson Young, CubeOne is a prime example of state of the art architecture designed for modernity and flexibility. A winning location with sensational design.
• Construction commenced enquire today
Areas from 88m² - 283m² (or 802m² combined)
• Completely connected • Easily accessible
Colin Tarlamis 0400 344 070 Matt Rice 0419 871 240 Property Preview | October 2017
Zoning Commercial 1
For sale from $409,000
11
REACH OF
OVER 200,000 USERS
100 YEAR VIDEO
OVER 31,000 VIEWS
Choose an agent that innovates! Contact us.
9793 4455 | faceyindustrial.com.au
AGE IS NO BARRIER
OVER 57,000 IMPRESSIONS
ADVICE FOR BUYERS IN THE RAPIDLY DEVELOPING With 20 years in real estate and 18 of those years with Facey, Adam Martin SOUTH EAST knows the South East market like the back of his hand. A trusted and knowledgeable name in industrial & commercial real estate, Adam has helped facilitate countless businesses' migration to the South East. Here Adam shares his insights into this evolving market and advice for investors and businesses looking to tap into its growth. What areas of the Southeast market should investors be buying into? Dandenong has always been a strong industrial market and the appetite for industrial property in the area is now expanding into Keysborough. We are seeing significant growth in these areas with almost a frenzy over limited land releases, pushing land prices in excess of $400m², ultimately driving the price of existing buildings up. Companies have a strong desire to be close to Eastllink in an attempt to reduce travel times and costs, however there are excellent opportunities in other industrial pockets of Dandenong to acquire similar types of buildings at condensed rates.
Adam Martin Licensed Estate Agent | Partner
national & international businesses are surging into the area with great success. What changes/trends are you seeing in the area that will impact the industrial/commercial property market? As always the Dandenong/Keysborough market is ever consistent and there is plenty of appetite for leasing, purchasing and investing alike. I see this market continuing steady growth and expanding into areas as they are rezoned.
With rapid population growth throughout the Casey and Cardinia area we are also seeing significant However if you are looking for bang for your buck, your industrial and commercial developments in these money goes a lot further when you drive east. Prices in areas. Attractive rentals and sales rates are providing Hallam have probably dipped below Dandenong prices local business and businesses expanding into the area for the first time in 10 years and in Pakenham you can excellent opportunities. Investors and Owner occupies buy land from $135m² and existing buildings from alike are embracing the Pakenham market with the $1100m². It’s not just the locals embracing Pakenham, potential for greater yields and value for money. 13
2/64-66 Abbott Road, Hallam FOR LEASE
Impressive setup! This property features open plan, dual level offices of 240m². Along with a high clearance warehouse, this quality premises is well appointed and full of features.
• 7.5 metre high clearance warehouse
The offices include ducted air-conditioning and good natural light. The warehouse is separated from the offices with a fire rated concrete wall and is accessed via a large roller door set under weather proof canopy.
• Truck access
Set back behind security gates, containers are easily trucked onto the site and are secure, making this site ideal for importers. In addition, this property also has 17 car parks on title. This quality office/warehouse becomes available early 2018 and inspections can be arranged by appointment. 14
*All prices are exclusive of GST unless stated. All measurements are approximate.
Building area 1,255m²
• 240m² offices • Air-conditioned offices
Zoning Industrial 1
Matt O'Dea 0448 566 556 Ian Kilgour 0416 012 727
Lease from $103,500pa
View Property
1 & 23 Rawanne Close, Pakenham (Flinders Blue Business Park) FOR LEASE
No.1
Be up front! 1 Rawanne Close, Pakenham Front unit that faces the street. Excellent location in South East Business Park with great exposure to Commercial Drive. Featuring a split level office of 130m2 and warehouse of 253m² that includes sealed floor, electric roller door, clear span and three phase power. The building includes air conditioned offices and security system. View Property 23 Rawanne Close, Pakenham Street fronting and one of 22 brand new units. The warehouse of 292m² that includes three phase power, electric roller door, clear span warehouse and excellent natural light. The office/showroom is over two levels and totals 126m², it offers air conditioning, toilet and kitchenette on the first floor as well as security camera and front lock. Neighbours include Car Megamart, ARB, Ironman 4WD, Toyota, Ford, Barry Bourke Group, Asixa and many more.
View Property
No.23
1 Rawanne Close
Building area
• Ground floor showroom
1 Rawanne - 383m²
• Polished office floor
23 Rawanne - 383m²
• First floor office • Carpet and A/C 23 Rawanne Close
Zoning Industrial 1
• 292m2 of warehouse • 126m2 of office over two levels • Street frontage Adam Martin 0409 357 352 Matt Rice 0419 871 240 Property Preview | October 2017
Lease 1 Rawanne - $32,580 pa 23 Rawanne -$35,700 pa
15
Over 50% SOLD
1-23 Tango Circuit, Pakenham (Commercial Park) FOR SALE AND LEASE
Commercial Park Pakenham With its strategic location just off Pakenham Bypass, Commercial Park Pakenham has everything industrial occupiers and investors could want.
• Allocated parking on title plus visitor parking
The masterplanned estate includes a range of street fronting units. Choose from warehouses featuring beautifully finished mezzanine offices or a warehouse to suit your requirements.
• Part of SouthEast Business Park
The estate is located within SouthEast Business Park, which is home to leading national and international brands such as Toyota, Car MegaMart and Dahlsens. This is the place to be for enterprising business owners wanting to invest in Pakenham’s future.
Units from 205m² - 579m²
• Building sizes to suit your business Zoning Industrial 1
Mark Bond 0419 386 882 Matt O’Dea 0448 566 556
View Property Property Preview | October 2017
Sale from $297,250 Lease from $17,425pa 17
Jacob Poliansky Owners Corporation Manager
Jacob joined Facey Owners Corp after working as a Portfolio Manager for Facey Industrial Commercial. His background in property management and thorough understanding of property development and construction have been a great asset to the team and his clients. Find out more about Jacob. What motivated the move to Owners Corp from Property Management? The opportunity to learn further management skills in a specialised industry. What skill have you found most useful in your job? To be able to relate to people from all walks of life. What's different about working for Facey? The difference from my previous workplaces is the level of responsibility and empowerment I have received while I have been here. What advice do you most commonly give to clients? To put their issue or request in writing. When you were in primary school what did you want to be when you grew up? To play basketball in the NBA. What is something most people might not know about you? That I don’t follow any AFL football team! What is your favourite holiday destination? Japan has been the most interesting so far.
faceyoc.com.au
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.
Proud partner of