PROPERTY PREVIEW EDITION 1 February 2018
100 YEARS IN REAL ESTATE Frank Facey Industrial Commercial commences trading
Facey Industrial Commercial moves to 6 Clow Street, Dandenong
Frank Facey Real Estate office built at 254 Lonsdale Street, Dandenong
Frank Facey establishes F.Facey House, Land and Estate Agent on Pultney Street, Dandenong
The face of Dandenong begins to change, starting with Lonsdale Street
Facey Industrial Commercial looks forward to the next 100 years of real estate in the South East
Property Preview
Edition 1
A Hive of Activity Narre Warren may be home to Australia’s second largest shopping centre (only behind Chadstone), but it is also home to one of Southeast Melbourne’s pre-eminent commercial districts. The transformation of Victor Crescent & Verdun Drive has been significant. It continues to evolve and it has set a new standard for business with its corporate appeal. We have seen many local businesses transition into the area and it has also attracted city based companies who have realised the benefits of a satellite office where staff live in and around Casey. Employees don’t have to battle the freeways each day; has to be good for morale. So with all this in mind, we think it’s a great time to consider the options still available in the area. There is currently leasing space available ranging from 56m² to 4,000m² and the options include car parking, disabled access, internal fit outs and fantastic amenities. These are very modern buildings (some brand new) that meet the high office standards expected by occupiers in 2018. Think excellent natural light, quality ventilation systems, welcoming lobby areas, and quality bathrooms. If purchasing an office is more appetising you must check out the Cube One development by MAB Corporation. Well into construction with delivery expected mid 2018, the five level office tower is already 50% sold with suites still available ranging from 88m² - 291m². There has been very little opportunity to own your own office for occupiers, and investors also are set to see returns of 6-7%. Now that is good buying in such a low interest rate environment. All suites have parking on title. If you’d like more info on any of these commercial spaces give one of our team a call and we’ll happily meet you on site to walk you through the options. It’s a great time to position yourself in this thriving commercial hub while space is still available. We know you’ll be impressed.
MATT O’DEA
Partner
Property Preview | February 2018
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*All prices are exclusive of GST unless stated. All measurements are approximate.
9/21A Douglas Street, Noble Park NOBLE PARK AQUATIC CENTRE
LI G
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AUCTION
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HEATHE
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JOY PARA DE
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NOBLE PARK TRAIN STATION
BUCKLE
FRANK
STREET
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A noble investment Located a stone's throw away from Noble Park train station, on the Pakenham and Cranbourne lines, this property offers abundant opportunities to a savvy investor.
• 3-year lease term
Noble Park is undergoing a rejuvenation with the Caulfield to Dandenong sky rail project, thus creating new open spaces and offering greater support to local traders.
• Income: $41,324 pa + O/Gs
Situated within the Noble Plaza development and tenanted until 2020, with $41,324 pa income + O/Gs. The property receives enormous exposure as a result of its location right at the end of the pedestrian crossing. Current lease term is 3 years with options, annual reviews growing by 3% and a car park on the title.
• Close to public transport
Building area 73m2 Land area Strata
• Rejuvenation precinct • 10% deposit, balance 60 days Mark Bond 0419 386 882 Tim Dark 0488 558 484 Glenn Chivers 0448 726 313
View Property Property Preview | February 2018
Zoning Commercial 1
Auction Thursday 8th March, 1 pm 5
CASE STUDY
SO
LD
15 Langmore Lane, Berwick
Another strong sale defines Berwick as an investment goldmine Tenanted since 2001, the Berwick radiology clinic went under the hammer on Wednesday, 6th December. The long term home of MIA Berwick sold for well above reserve at $3,175,000. The auction at 15 Langmore Lane drew quite a crowd with around 50 attendees, three active bidders and 30 overall bids.
BERWICK IS EXPERIENCING RAPID POPULATION GROWTH THAT WILL SEE BERWICK CONTINUE TO DEVELOP AS A BUSTLING COMMERCIAL HUB AND DRIVE STRONG SALES INTO THE FUTURE. - MARK BOND
262
ENQUIRIES
3,250
VIEWS ON REAL COMMERCIAL & COMMERCIAL REAL ESTATE
1,000+
EDM CLICK THROUGHS
Property Preview | February 2018
150
YOUTUBE VIEWS
8,575
SOCIAL MEDIA REACH
3/18 Webb Street, Narre Warren PR I
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AUCTION
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NARRE WARREN TRAIN STATION
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Commercial investment in central location Located on a highly exposed corner of Webb Street & Rebound Court, this first floor office suite has been recently refurbished.
• Position and exposure
Currently tenanted on a new 3 x 3 x 3 year lease to a local accounting practice with passing income of $25,000 net pa that includes 3% annual reviews.
• Passing income of $25,000 net pa
Just off Princes Highway and a mere 1.5km to the M1, surrounded by public transport and close to Fountain Gate Shopping Centre, the amenity of this investment really add up to a very sound position for business and future growth. Suits $400,000 + buyers. An excellent opportunity to acquire a commercial premises right in the centre of the Narre Warren township.
• Public Transport on your doorstep • Auction Wednesday 7th March, 12 noon on site • Terms: 10% deposit, balance 60 days Matt O'Dea 0448 566 556 Christian Hatzis 0409 241 635
View Property Property Preview | February 2018
Building area 99m²
Zoning Commercial 1
Auction Wednesday 7th March, 12 noon on site 7
86 Denmark Street, Kew FOR LEASE
Freestanding corner location Located nine km east of the CBD and less than 10 minutes from the Eastern Freeway, this multi-level office is all about location. Situated on the corner of Denmark Street and Wellington Street in Kew, the property contains 14 on site car parks. This perfect office space comes fitted with meeting rooms, private offices, a board room and open plan work space. With close proximity to the number 48 & 109 trams and number 200 & 207 bus stops at busy Kew Junction, this self contained office space will provide the exposure needed to grow your business.
*All prices are exclusive of GST unless stated. All measurements are approximate.
• Access to public transport at Kew Junction
Building area 488m2
• Great amenity • 14 on site car parks
Richard O’Callaghan 0418 338 746 Colin Tarlamis 0400 344 070
View Property Property Preview | February 2018
Zoning Commercial 1
Lease $170,800 pa +
O/Gs & Car Parking 9
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NARRE WARRE N NORTH ROAD
WESTFIELD FOUNTAIN GATE
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ON FR EE AY W
OR CT
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BUNNINGS
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CASEY LIFESTYLE CENTRE
VERDUN DRIVE
BERWICK TOYOTA
MERCEDES BENZ BERWICK NEW WORLD HONDA
PRINCES *All prices are exclusive of GST unless stated. All measurements are approximate.
HIGHWAY
CubeOne, 55-75 Victor Crescent, Narre Warren FOR SALE
July 2018 completion
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 88 - 283m² (or 802m² combined)
• Completely connected • Easily accessible
Colin Tarlamis 0400 344 070 Mark Bond 0419 386 882
Zoning Commercial 1
For sale from $440,000
View Property Property Preview | February 2018
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Over 60% 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.
• Building sizes to suit your business • Part of SouthEast Business Park Zoning Industrial 1
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 205 - 579m²
Mark Bond 0419 386 882 Matt O’Dea 0448 566 556
View Property Property Preview | February 2018
Sale from $297,250 Lease from $17,425 pa 13
RECENT RESULTS IN PAKENHAM AUCTION 30 Main Street, Pakenham Featured in Property Preview Edition 5 2017. Tenanted investment with an existing lease of 2 years with a 2 year option, returning $28,416 pa. Sold for $690,000 Land area 671m² Building area 140m²
PROPERTY FOCUS CARDINIA SHIRE FACEY 2017 RESULTS
46,421 PAKENHAM
SALE $10,413,592 LAND
97,625 CARDINIA SHIRE
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SALES/LEASES BY FACEY
INDUSTRIAL
29% GROWTH SINCE 2011
RETAIL
RENTAL $1,563,370 SALE $15,260,270 RENTAL $501,588 SALE $50,512,000
CARDINIA SHIRE PROJECTS FOR SALE
2/31 Bormar Drive
P18
EASTLINK
$48,100,000 PRINCES FWY
$190,493 pa
$2,389,000 SOUTH GIPPSLAND FWY
$1,482,000 $176,000 pa 2 Venture Way
FOR LEASE
FOR SALE & LEASE
P16
1-23 Tango Circuit
P12
VENTURE WAY
RCIAL
COMME DRIVE
CORPO RAT E TER RACE
RUP RO AD
SOUTHEA S T B OU L EVARD
KOO W EE
L DRIVE
NATIONAL AVEN UE
COMMERCIA
PRINCES FREEWAY
UNIT 1 386m2 UNIT 6 516m2
UNIT 5 516m2
UNIT 2 386m2
UNIT 3 354m2
COMMERCIAL DRIVE
2 Venture Way, Pakenham
UNIT 4 354m2
VENTURE WAY
FOR LEASE
Unit
Total m2
Warehouse m2
Office m2
Car Parks
Rent pa
1
386
326
60
6
$32,810
2
386
326
60
6
$32,810
3
354
294
60
6
$30,090
4
354
294
60
9
$30,090
5
516
456
60
8
$43,860
6
516
456
60
8
$43,860
Brand new - SouthEast Business Park! Located on the promising corner of Venture Way and Commercial Drive there are six units each with 60m² of mezzanine offices and warehouses ranging from 354m² - 516m².
• Convenient street access • Allocated on site parking • Brand new purpose built facility
Every unit has its own allocated on site parking.
Zoning Industrial 1
Establish yourself with renowned national and international neighbours: Toyota, Ford, Car Megamart, ARB, Ironman 4WD, Barry Bourke Group, Asixa Logistics to name a few. A prime opportunity in a well established and proven business location. With a well known builder and scheduled for completion mid 2018, these units will be snapped up fast! Do not miss out!
Building area 354 - 516m2
Mark Bond 0419 386 882 Matt Rice 0419 871 240
Lease from $30,090 pa + O/Gs
View Property Property Preview | February 2018
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2/31 Bormar Drive, Pakenham FOR SALE
An excellent investment! Mere minutes from the Princes Freeway (M1) and Pakenham Train Station. Featuring a two storey office, spacious warehouse, secure front yard, eight car parks and direct street access. This single titled investment is currently leased to Interax Consulting Engineers on a 3 x 1 x 1 year lease with CPI reviews returning $54, 206 pa + O/Gs*. Commenced April 2015 and extended to September 2018.
• Single title • Direct street frontage and access • 4.8 metre high roller doors with great container access • Will sell quickly!
Building area 624m2
Income $54,206 pa + O/Gs
Generous amenities area, kitchenette and bathroom all round off this rare opportunity. Matt Rice 0419 871 240 Ian Kilgour 0416 012 727 *All prices are exclusive of GST unless stated. All measurements are approximate.
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View Property Property Preview | February 2018
Sale price $720,000
180 -184 Narre Warren - Cranbourne Road, Narre Warren South FOR LEASE
Live-in hospitality opportunity! Secluded, yet exposed property just south of Fountain Gate Shopping Centre. With a land size of 4,535m2 this unique property boasts a fully fitted commercial kitchen along with a dining area with an existing permit for 50 patrons (potential to expand). Located on a main arterial between the Monash Freeway and the South Gippsland Highway, this 329m2 restaurant and two bedroom residence hosts a beautifully maintained garden and yard that flows throughout the rest of the property. With ample parking spaces, 180-184 Narre Warren - Cranbourne Road is ideal for receptions and all sorts of functions. Two bedroom residence at the rear, ideal for occupiers or even as a BnB for newlyweds!
• Perfect for live-in restauranteurs • Spacious gardens - great for ceremonies • Additional residence at rear
Building area 329m² Land area 4,535m2
• Existing permit for 50 patrons potential to expand
Zoning Residential Low Density
Matt O'Dea 0448 566 556 Christian Hatzis 0409 241 635
Lease $100,000 pa
View Property Property Preview | February 2018
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*Artist impression only
84 -100 Pacific Drive, Keysborough
FOR SALE
Upgrade your business to first class
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.
Adam Martin 0409 357 352 am@faceyindustrial.com.au
Pacific Business Park brings a range of unmatched, first class facilities to the prestigious Key Estate, Keysborough.
49 office/warehouses State of the art buildings Located just off Eastlink Stage 1 now selling
Mark Bond 0419 386 882 mark@faceyindustrial.com.au *All prices are exclusive of GST unless stated. All measurements are approximate.
Building areas 160 - 420m2
Visit website Property Preview | February 2018
Zoning Industrial 1
Sale prices $395,000 $935,000 21
23rd Annual
Charity Cup 2017
Facey's Make-A-Wish Charity Golf Day Established in 1994, the Annual Facey Golf Day supports Make-AWish Australia with donations exceeding half a million dollars in its 23 years. A total of $24,150 was raised in 2017, the third largest contribution to the Make-A-Wish Foundation in Victoria. Make-A-Wish Australia has granted over 8,000 wishes to children with life threatening illnesses over the past 30 years. Too many seriously ill children miss out on the joys of childhood, dealing with challenges that most of their peers never have to face. Make-A-Wish makes childhood dreams a reality, providing hope to children and families who need it the most. Find out how you can be part of this fantastic day in 2018. Call Claire on 03 9701 4455
4/38 Hartnett Drive, Seaford FOR SALE
Brilliant commercial investment Close to the Seaford Road/Frankston Freeway interchange, this ground floor office unit is an ideal investment.
• Ground floor office of 250m²
This 250m of office space has been ideally fitted out to suit the needs of the current tenant and/or future potential tenants for years to come. Combine this with the addition of private onsite car parking and an iconic local cafe adjoining, the premises features really start to add up.
• 3 year lease commenced, 1st of August 2017 with a further 3 year option
2
Unit 4 is leased to Grey Army Pty Ltd. for their local office admin centre. The lease was recently renewed on 1st August 2017 for a further 3 years, with another 3 year option as requested by the tenant. Current rental of $26,739 pa + O/Gs, with annual CPI reviews.
• New lease to Grey Army Pty Ltd
• Income of $26,739 pa + O/Gs
Ian Kilgour 0416 012 727 Graham 'Josh' Kendall 0418 322 443
Building area 250m2
Zoning Industrial 1
Sale price $460,000
View Property Property Preview | February 2018
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Frank Facey Award 2017
Frank Facey Student Awards
Winners Melanie Beng Heng Sirius College
Sarah Bernades
Dandenong High School
Rivaldo Lay
St. John’s Regional College
The Frank Facey Student Award was created in 2016 to recognise outstanding Year 12 business-oriented students. These students have displayed a spirit of hard work and dedication to their studies. In 2017, the Frank Facey Award was presented to three students from local secondary schools in the Greater Dandenong Area. Sirius College Dandenong High School St Johns Regional College We congratulate all graduates of 2017 including our Frank Facey Award Winners. We look forward to their future success!
5 Network Drive, Carrum Downs INVESTMENT SALE
Net yourself a secure investment Excellent location set within the Carrum Downs industrial precinct in close proximity to Eastlink and Peninsula Link. With eight years remaining on this 10 year lease currently returning $140,000 pa net, this truly is a set and forget investment.
• 8 year securely leased investment • $140,000 pa net • Modern building with 10T crane
Zoning Industrial 1
The stand-alone office/warehouse features a 10 tonne crane with superior warehouse height of 10.4m. Dual level air-conditioned office space of 182m², upgraded power, and security fencing all round off this magnificent investment. Matt O’Dea 0448 566 556 Graham 'Josh' Kendall 0418 322 443 *All prices are exclusive of GST unless stated. All measurements are approximate.
Building area 1,722m2 Land area 2,401m²
Sale price $2,325,000
View Property Property Preview | February 2018
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263 Charman Road, Cheltenham FOR LEASE D
A PE NE
CHELTENHAM TRAIN STATION
NH IGH Y WA
CHARM AN ROA D
PARK ROA
Lease this up and coming location! Located in the heart of Cheltenham's thriving village, this street fronting retail opportunity is close to public transport and easy access to Nepean Highway. Multi-storey residential developments are currently under construction in close proximity to the property, adding more locals to the area. Cheltenham's retail village offers a diverse range of traders, ample on-street car parking and additional council parking. This retail precinct is undergoing a rejuvenation as part the Victorian Government's 2030 growth initiative. Build your new commercial success, whether it be retail or hospitality, in a location that beams opportunity.
• Located on Cheltenham's main shopping strip • High exposure opportunities backs on to Cheltenham Station • Multi-storey developments currently under construction nearby
Land area 170m2
Tim Dark 0488 558 484 Mark Bond 0419 386 882
Lease $45,600 pa net
View Property 26
Building area 75m2
Property Preview | February 2018
Level 1 Suite 4D, 61 High Street, Wallan FOR LEASE
Wonderfully Wallan! Modern office space located on the first floor in the heart of Wallan's High Street. Walking distance to public transport and Wellington Square Shopping Centre, the property is in good company with the likes of Trust One Business Accounting; H&R Block, Mitchell Shire's Building and Planning Department and La Torre Italian Restaurant as fellow tenants. Communal facilities for the tenants include a full modern kitchen with stove and separate bathrooms with shower facilities. Access to the property is via front and rear staircases plus a commercial lift, available from the rear entrance. With newly carpeted reception area and fresh paint, this modern 225m² office is ready to go!
• Modern office space with reception area
Building area 225m²
• Fully wired for data services and phones • Large carpark at rear • Walking distance to shopping and transport Tim Dark 0488 558 484 Graham "Josh" Kendall 0418 322 443
Zoning Commercial 1
Lease $35,000 pa net
View Property Property Preview | February 2018
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Authority The
on industrial and commercial p roperty Facey Industrial Commercial 6 Clow Street Dandenong VIC 3175 T 03 9701 4455 F 03 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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