Landmark Heidelberg Industrial Property For Sale
Posted on Sep 01, 2010 by Ben Evans.
A substantial industrial building located at 122-134 Dougharty Road, West Heidelberg is being offered for sale by Expressions of Interest, closing on Wednesday October 6 at 4 pm.
The property was previously occupied by sock and hosiery manufacturer Scallywags Industries.
The property has a building area of 6,600 sqm on a site of 7,400 sqm with three extensive street frontages to Dougharty Road of 88 metres and also to Korong and Mologa Roads.
The complex with an Industrial 3 zoning has a mix of older and newer style buildings, which could be occupied as a whole or subdivided into smaller areas.
There is a separate secure undercover parking area with room for seventy six (76) vehicles plus carparking at the front of the property.
The property offers concrete floors, multiple roller door access points with loading docks and three phase power.
This represents a unique opportunity to purchase a high standard Industrial facility in the heart of Heidelberg.
We are anticipating interest in excess of $3.6 million.
Contact: Matt Hoath on 0418 543 714 or Ben Evans on 0403 427 678.
For further details, please click on the link below:
Unique Alphington Warehouse for Sale
Posted on Aug 23, 2010 by Matt Hoath.
GrayJohnson has been appointed to sell a prominent site at 804 Heidelberg Road Alphington (corner Como Street).
The property is on the south west corner with frontages of 25 metres to Heidelberg Road and 45 metres to Como Street.
The site has an area of 1,000 sqm held in two titles.
Located on site is an older style commercial building comprising of an office and warehouse, which is leased until November next year at a net annual rental of $51,000 Net.
Importantly, the site holds a Business 1 zoning (subject to planning overlay), which permits a mixed use development (STPA).
The property is being offered on behalf of an estate and is very well located within easy reach of the Chandler Highway and Heidelberg Road junction and has easy access to the Eastern Freeway.
Sites like this, within easy reach of the CBD and with access nearby to major arterial roads, represent unique development opportunities.
With the lease continuing until November next year a developer purchasing this site will have a continuing holding cash flow while concept plans and building permits are created.
Price anticipation is in the region of $1.1 million.
Further property information regarding this Alphington development site for sale, please call Matt Hoath or Ben Evans on 9654 3022.
Prime Richmond Retail Opportunity
Posted on Jul 21, 2010 by Matt Hoath.
A prominent flexible retail property at 504 Bridge Road, Richmond has sold after auction for $1,275,000.
Previously occupied as a Motorola service centre, the property was offered with vacant possession.
It has a 7.8 metre street frontage, a building area of 365 sqm on a site area of 242 sqm.
The property offers a retail or showroom space leading through to a warehouse or storage area.
Importantly, it has rear roller door access from a laneway which runs off Burnley Street.
Selling agent, Ben Evans says that rarely is a freehold property of this calibre available in Bridge Road’s key retail area that would suit many uses and has potential for residential conversion (STPA).
Category – Prominent Richmond retail for sale sells to local architect.
Prominent Notting Hill Office Warehouse for Sale
Posted on Jun 21, 2010 by Matt Hoath.
An exceptional industrial property holding on a corner site in Notting Hill will be offered for sale by auction on Friday 16 July on site at 12 noon.
Located at 93-97 Normanby Road, the property is on the corner with Howleys Road and enjoys a key position in the Monash commercial precinct adjacent to the University, CSIRO and other major business parks.
The property is currently occupied by a specialty glass company, but will be offered with vacant possession at settlement as the current lease is expiring.
The property comprises an elevated office and showroom building of 486 sqm, which allows for 20 car parking spaces underneath, that is adjoined by a large industrial facility of 3,180 sqm.
The buildings include two Demag gantry cranes of five and ten tonne capacity, high capacity power supply and will suit a diverse range of industrial, factory, storage or distribution uses.
There are a further 25 car parking spaces on-grade at the rear of the property.
The corner site land area is a significant 6,066 sqm and it holds a Business 3 zoning.
The buildings are strategically located relevant to major transport connections and infrastructure and would suit an owner-occupier, investor or developer.
We are expecting interest in the region of $3 million.
A unique opportunity to purchase a prominent office warehouse for sale in Notting Hill.
North Melbourne’s Brilliant Combination of Office and Residential for Auction
Posted on Jun 07, 2010 by Ben Evans.
52-54 Lothian Street, North Melbourne
A growing number of small to medium sized businesses are in search of contemporary office accommodation with a difference especially within the city fringe.
52-54 Lothian Street, North Melbourne consists of a sophisticated fully fitted office, plus a stunning 2-bedroom apartment. It has been fully architecturally designed by Neil Idle Architects, boasting lofty ceilings and excellent natural light throughout.
Located on the fringe of the CBD, with easy access to the Errol Street shopping area and barely one kilometre from the Queen Victoria Market, the property has a total area of 363 sqm.
With its own street entry the ground floor offers 228 sqm of largely open plan office area, which incorporates quality in-built workstations, innovative boardroom and abundant storage/carparking.
While upstairs, also with a separate street entry, is a stunningly fitted out apartment comprising two bedrooms, study, open plan living area and an entertainer’s kitchen.
There is also a large outdoor living deck area at the front of 50 sqm approximately.
The office space is considered as ideal for up to ten people and would suit a diversity of business operations, while the CEO or staff can reside very comfortably upstairs, or alternatively the residential space could be leased out to provide an investment return.
With its ideal location between Queensberry and Arden Streets and proximity to the CBD and especially the major Hospitals precinct nearby there is anticipation for strong professional business interest in this property and market expectation is for offers above $1.5 million.
There are an extra two car parking spaces on an adjoining site about two doors away with laneway access and these are included in the sale.
There are impeccable finishes in both building areas and a range of use options which make this a brilliant office and stunning residential package that will appeal to a wide variety of businesses.
There are also public transport options nearby including North Melbourne train station and ready CityLink access via Dynon Road.
The property is to be auctioned on Thursday 24 June at 12 noon on-site.
Golden Mile Opportunity
Posted on Apr 23, 2010 by Matt Hoath.
52 Hopetoun Avenue, Canterbury
GrayJohnson has sold a unique apartment block in the heart of Canterbury.
The property has enormous scope: an ideal investment, or refurbishment opportunity or a new home site (STPA).
Currently three large apartments consisting of ground floor 18.5 squares and two first floor apartments each of 11.5 squares.
The ground floor apartment boasts a substantial private garden (northern aspect).
The property has a potential income of $53,000 pa approximately. The site itself consists of 800 sqm approximately.
The property was sold at auction for $2,100,000 to a local investor.
Heidelberg Central Property to Suit Owner-Occupier or Developer
Posted on Apr 14, 2010 by Ben Evans.
Located at 82 Hawdon Street, Heidelberg the property is centrally located with close proximity to the Burgundy Street shopping strip, Warringal Shopping Centre and the Austin Hospital.
The property is zoned Business 1 and comprises of a small single level showroom outlet with an attached two storey warehouse.
With pre-auction expectations of a selling price around $1.1 million, the property is being offered with a six month leaseback from settlement at an annual rental of $40,000.
Importantly, the property which is 470 sqm in size is located adjacent to a large public car park abutting the iconic Leo’s Fine Food & Wine supermarket, has a ten metre street frontage and as the current building is set back from the street alignment there are three off street car parking spaces provided on the forecourt.
82 Hawdon Street represents a great opportunity for an owner-occupier or a developer.
The property with its useful buildings, location and position adjoining a substantial car park is within the Heidelberg Activity Centre identified under the Melbourne 2030 planning framework.
The holding is being offered for sale on behalf of a novelty goods retailer who will be relocating at the conclusion of the six months leaseback offered to the purchaser.
Auction scheduled for Wednesday 12 May @ 12 noon on-site.
Phenomenal Auction Result For Five Former Origin Shops
Posted on Mar 30, 2010 by Matt Hoath.
GrayJohnson were appointed by Origin Energy, one of Australia’s major energy suppliers and a Top 200 ASX listed company, to sell by auction a portfolio of its former Origin Shops, now surplus to its needs as a result of a review of its retail market presence.
The first three Melbourne suburban strip properties offered at auction have sold for a combined total of $7,825,000.
Two of the three properties hold recently-executed long leases to new tenants.
The first Melbourne suburban property to be offered was 411 Centre Road, Bentleigh. The property consisted of a two level retail and office building of 340 sqm. It sold at auction for $3.8 million.
Located on the corner with Vickery Street it occupies a prime, landmark corner position being only metres from the local Coles Supermarket, abutting the local Council carpark and central to the local retailing and banking precinct.
Offered with vacant possession, its auction presented a rare opportunity to acquire a holding in one of Melbourne’s leading south eastern suburban shopping strips.
The second property located at 38 Portman Street, Oakleigh is in another very strong suburban shopping and services precinct.
It sold for $2,675,000 with the buyer the actual under bidder on the East Bentleigh property only two hours earlier.
Also located on a corner site, the property is a 230 sqm double storey retail building most of which is comprised of the 170 sqm street level area.
The property is leased to a local trader at a commencing annual rental of $65,000 plus GST and outgoings for a five year term which commenced from 13 July 2009 plus one further five year option.
A bonus here is the corner location which is within metres of the entry to the local Centro Shopping Centre.
The indicative yield on the present rental income is about 2.4% so it shows the popularity of suburban strip properties and Portman Street in particular.
Another securely leased retail investment at 452 Sydney Road, Coburg also sold for well in excess of expectations at $1,350,000.
The former Origin Shop is now leased to The Salvation Army (Vic) Property Trust under a five year lease, which commenced from 14 September last year with two further five year options.
The commencing annual rental is $48,000 plus annual reviews of 3.5% and a market review at the exercise of the option.
The property which has an area of 180 sqm behind a glass shopfront with a street exposure of 5.6 metres also has excellent rear access.
It was on the market from the first bid received at $1.1 million and finally was sold for $1,350,000.
Two further former Origin Shop properties in the Ballarat and Geelong CBDs were sold for $1,100,000 and $1,125,000 respectively.
Prince Patrick St, Richmond Sells Quickly On 7% Return
Posted on Mar 01, 2010 by Ben Evans.
A striking architecturally significant investment property located at 5 Prince Patrick Street Richmond, just off Church Street, has been sold for $1,285,000.
The contemporary stand alone building purchased by a private investor has a building area of 340 sqm over its two levels and holds off street parking for 6 cars.
It sits on a land area of 235 sqm with a street exposure of 9.4 metres.
It has a long term tenant in health group Cardiac Science Australia Pty Ltd, who initially occupied the building on its completion under a five year plus five year option lease.
After exercising the option, the lease now runs for a further two and a half years until expiry with fixed annual four percent rental increases.
The current annual rental after a recent four percent annual increase on 1 June will be $89, 980 plus GST and building outgoings, so the property has sold on an indicative yield of seven percent.
“We are seeing significant demand for commercial investment properties with investors readily switching from other investment mediums or prepared to commit cash or other liquid funds to these types of quality building opportunities.”
“City fringe buildings hold a particular appeal.”
“The sale of 5 Prince Patrick Street was negotiated in only two and a half weeks from listing the property and commencing our marketing campaign.”
Five Sensational Retail Investments
Posted on Feb 17, 2010 by Jens Schoppert.
FIVE FORMER ORIGIN SHOPS FOR AUCTION IN MELBOURNE, BALLARAT & GEELONG
…two as leased investments and three with Vacant Possession
GrayJohnson has been appointed by Origin Energy, one of Australia’s major energy suppliers and a Top 200 ASX listed company, to sell by auction a portfolio of its former Origin Shops now surplus to its needs as a result of a review of its retail market presence.
Two of the three Melbourne suburban properties are being offered with recently executed long leases to new tenants and with their important local shopping strip locations are considered attractive property investments.
Another three each occupying premium retail locations in their respective positions will be offered for sale with vacant possession.
GrayJohnson will offer the five retail properties for sale by auction in a campaign commencing from Wednesday 3 March.
Two of the properties in the regional centres of Ballarat and Geelong are to be offered with vacant possession and with their premium locations in the local business centres will represent opportunities to invest, further develop or to owner occupy for retail or commercial purposes.
The first Melbourne suburban property to be offered on Wednesday 3 March at 12 noon on site is at 411 Centre Road, Bentleigh comprising a two level retail and office building of 340 sqm.
Located on the corner with Vickery Street it occupies a prime, landmark corner position being only metres from the local Coles Supermarket, abutting the local Council car park and central to the local retailing and banking precinct.Offered with vacant possession its auction presents a rare opportunity to acquire a holding in one of Melbourne’s leading south eastern suburban shopping strips.
The price expectation is for a sale in the region of $1.9 million.
The second property to be auctioned also on Wednesday 3 March on site at 3 pm is located at 38 Portman Street, Oakleigh another very strong suburban shopping and services precinct.
Also located on a corner site the property is a 230 sqm double storey retail building most of which is comprised of the 170 sqm street level area.
The property is leased to a local trader at a commencing annual rental of $65,000 plus GST and outgoings for a five year term which commenced from 13 July 2009 plus one further five year option.
The price expectation here is in the region of $1.5 million as selling agent GrayJohnson director Matt Hoath says that Portman Street is a very tightly held strip with properties offered being keenly sought by existing owners in the street in particular.
“A bonus here is the corner location which is within metres of the entry to the local Centro Shopping Centre.”
Another securely leased retail investment at 452 Sydney Road, Coburg will be offered at auction on Thursday 4 March also on site at 12 noon.
The former Origin Shop is now leased to The Salvation Army (Vic) Property Trust under a five year lease, which commenced from 14 September last year with two further five year options.
The commencing annual rental is $48,000 plus annual reviews of 3.5% and a market review at the exercise of the option. GST and outgoings are also met by the tenant.
The property which has an area of 180 sqm behind a glass shopfront with a street exposure of 5.6 metres also has excellent rear access.
The market price expectation at auction is in the vicinity of $950,000.
The next on site auction offering on Friday 5 March at 11 am will be 31 Sturt Street, Ballarat, being a prime retail and office property comprising a double fronted iconic Victorian era building previously used for retail purposes on the ground and first levels of 570 sqm, together with a basement and second floor of another 220 sqm which are not used and would require refurbishment.
The property with a frontage of 10 metres formerly an Origin Shop is strategically located in Ballarat’s ‘main street’ where freehold properties are rarely on offer.
The price estimation is in the region of $1.1 million with vacant possession.
The Geelong property at 161-163 Ryrie Street is another retail holding in the heart of the City comprising an older style two level retail building with a leasable area of 785 sqm formerly used as an Origin Shop.
There is also a basement or loading bay area of another 125 sqm with additional attractions of off street parking space for two vehicles with access from a rear laneway plus a small storage shed and a security gate.
The property with a street exposure of 10 metres will be auctioned with vacant possession on site on Friday 5 March at 3pm.
“We are nominating an indicative price of $1.2 million for this property at auction as it has a rarity factor for its location and potential in Geelong.”
Further property particulars are available on request to GrayJohnson on 9654 3022 or Jens Schoppert on 0425 791 293 or Matt Hoath on 0418 543 714.