Capital Health Ltd Doubles Up in 81 Lorimer Street, Docklands Occupancy
Posted on May 15, 2013 by Matt Hoath.
ASX listed medical diagnostic imaging business, Capital Health Limited (ASX:CSJ) has expanded its occupancy in the high quality four level office building at 81 Lorimer Street, Docklands.
The four level building with floor plates of 1,070 sqm was built by WA headquartered builder, Boutique Homes, who occupies the first two levels of the building.
Midway through last year, Capital Health originally leased a part floor area on Level 3 of 326 sqm plus a car parking entitlement for eight vehicles as their head office.
The lease negotiated was for five years plus a further five year option at a commencing net annual rental of $73,500 plus GST with annual rental increases provided.
Capital Health has now increased its occupancy by a further adjoining 300 sqm making it an effective half floor plate tenancy under a new lease.
The new three year lease includes a further five on-site car parking entitlements and is at a commencing annual rental of $81,000 net.
The 81 Lorimer Street building is in an easily accessible segment of Docklands and is in close proximity to the planned residential development of the sector formerly known as Fishermans Bend.
With Capital Health’s expanded tenancy this building is now effectively fully let.
For more information, please contact Matt Hoath on 9654 3022 or 0418 543 714.
9 Suburban Sites for Sale by Expressions of Interest
Posted on May 14, 2013 by Matt Hoath.
A portfolio of nine largely vacant sites within notable residential suburbs of Melbourne is to be offered for individual sale by agents GrayJohnson, in conjunction with Beller TBM.
The sites will be offered for sale by Expressions of Interest closing Wednesday 5 June at 2 pm, starting from $350,000 + GST.
Considered primarily suitable for residential development (predominantly zoned Residential 1) and in some instances, multi-dwelling or townhouse style projects (STCA). The properties by suburb are:
Elwood – Part 61 Tennyson Street – a site of 604 sqm approx with a Residential 1 zoning and a street frontage of some 12.1 metres. (A potential apartment project site).
Kew – Cotham Road, with a frontage of 17 metres approx, a site area of some 534 sqm and zoned Residential 1.
Glen Waverley – Kerferd Road, which boasts a frontage of 28.5 metres approx, an area of 737 sqm approx and zoned Residential 1.
East Bentleigh – Part 129-133 Mackie Road, with a land area of 691 sqm approx, a frontage of 11.5 metres and zoned Residential 1.
Moonee Ponds – Part 313-315 Ascot Vale Road, comprises a corner site with a land area of 552 sqm approx, a street frontage of 6.5 metres approx to Ascot Vale Road and 38 metres approx to Gladstone Street and zoned Residential 1. (Note: Three street frontages).
Bulleen – Part 8-12 Flinders Street, with a land area of 709 sqm approx, a street frontage of some 18 metres and zoned Residential 3.
Bulleen – 2 Greenaway Street, with a land area of some 557 sqm and a building area of 445 sqm approx, provides a frontage to Greenaway Street of 15.2 metres approx and zoned Industrial 1. Sale subject to a leaseback for a mobile phone tower and associated compound.
Camberwell – corner Bright & George Streets, with an area of 419 sqm approx. Frontages are 32 metres to Bright Street and 10 metres to George Street. There is an existing building of 250 sqm approx on the site.
Hawthorn East – Roseberry Street, the property has a site area of 249 sqm approx and a Business 2 zoning. This site is considered suitable for a caretaker’s house, home occupation, as offices or a single building permit may be obtainable subject to the planning approvals. The site provides a frontage to Roseberry Street of 10 metres approx.
We anticipate the sites will be evaluated for their future potential as building sites by both private parties and developers.
The sites are all set at affordable price points given the relative scarcity of residential building sites available in these areas.
Concept development plans are also available for all sites considered suitable for residential development.
Two Major Leasing Deals in the Inner North
Posted on Apr 16, 2013 by Matt Hoath.
GrayJohnson has negotiated two substantial commercial leasings in Melbourne’s inner north. Both leasings are to the fourth generation family-owned importing and trading business, Zimbler Pty Ltd.
Zimbler is a major player in the Australian toy and hobby products market acting as an agent for a number of imported brands and products.
Currently based in Fairfield, the company has taken leases over two properties in virtually adjoining suburbs.
The first property is at 899 Heidelberg Road in Ivanhoe, which is a stand alone office building on a corner site with a building area of 850 sqm and a land area of 3,000 sqm.
There is vehicular access from Willowbank Grove on the side to thirty four on site car spaces.
It was recently the head office of SICK International.
The lease is for a five year period from June at a commencing annual rental of $82,500 with annual rental reviews.
Zimbler has also leased a large currently vacant warehouse building at 369-371 Rossmoyne Street in Thornbury.
The building formerly occupied by paper distributor AR Neil is a large portal frame clear span structure with an area of 3,000 sqm.
With a high internal clearance of 7.5 metres, the building offers a high cubic capacity for distribution or storage.
The property has dual street frontages – about 42 metres to both Rossmoyne Street and Mansfield Street at the rear.
Zimbler has leased the Rossmoyne Street property under a new five year lease commencing from June at an annual rental of $152,000 net with annual increases included.
For more information on these off market lease transactions, please contact Matt Hoath direct on 9654 3022.
Dynamic Duo for Auction
Posted on Mar 20, 2013 by Matt Hoath.
Options Galore – Occupy or Invest in Blackburn.
GrayJohnson has been appointed to sell separately two quality Industrial properties in Blackburn.
11-13 George Street, Blackburn has a large site area of 930 sqm held on two titles and a functional building of 521 sqm approx. It has a massive frontage to George Street of 24 metres approx.
The property has multiple roller shutter door access points and a separate office. It also has the added advantage of off street carparking at the front of the property.
The current lease expires on 20th November 2013 with no options.
The property would suit either an owner-occupier or investor.
The auction is scheduled for Wednesday 10 April @ 3 pm on-site.
The second Blackburn opportunity for auction on Thursday 18 April is located at 16 Cottage Street.
It consists of a recently-upgraded office/warehouse of 396 sqm. It has a substantial land area of 825 sqm approx.
The property is leased to 30 September 2014 on an annual rental of $49,920. In addition, there is a separate licence agreement for $8,000 for the rear off street carparks (6 cars).
The property is expected to sell around $800,000.
An Elite Pedigree
Posted on Mar 12, 2013 by Matt Hoath.
A rare inner-city asset is being offered for auction by GrayJohnson.
69-71 Cremorne Street, Cremorne consists of a functional office/warehouse of 700 sqm approx. The land area is 870 sqm approx.
The property has an expansive frontage to Cremorne Street of 15 metres.
The building provides clear span warehousing, roller door access, on-grade carparking and excellent natural light throughout.
The site is zoned Business 3. It is strategically located, being close to vibrant and diverse inner city retail along Swan and Church Streets.
It is also ideally positioned close to several major arterials including CityLink, (Monash Freeway), accessed at the end of the street, Hoddle Street/Punt Road, Swan & Church Streets, and minutes to Richmond rail station.
The Cremorne precinct has undergone significant regentrification with the introduction of several high profile residential and commercial projects. It is a unique opportunity to acquire a well-located city fringe asset with excellent scope for future redevelopment.
The property is to be offered with vacant possession and to be sold via public auction on 28 March at 11.00 am on-site.
Two Magnificent Investment Opportunities in Northcote & Thornbury
Posted on Mar 12, 2013 by Matt Hoath.
GrayJohnson in conjunction with Love Real Estate has been appointed to sell two blocks of residential units in Northcote and Thornbury as an estate realisation.
Expressions of Interest will close on Wednesday 27 March at 12 noon.
We expect strong interest for these assets in view of the strong upside for residential property in the inner north.
The Northcote property at 53 Kellett Street is a well-maintained two level block of eight 2-bedroom units already strata-titled, each with on-site car parking and exclusive balcony areas.
The property with a land area of 908 sqm is within a Residential 1 zone and is easily accessible being located between High and Station Streets.
All eight units are currently let to show an annual rental income of $118,320.
13 Mansfield Street, Thornbury is also a well-maintained two level block of six units already strata-titled and also consist of 2-bedroom units with exclusive balcony areas.
The property has a land area of 722 sqm approx with on-site car parking spaces currently let to show an annual rental income of $90,960.
The property is well-located only minutes from the busy and vibrant High Street.
Prime Inner North Investment Sold to a Local Investor for $550,000
Posted on Jan 17, 2013 by Matt Hoath.
GrayJohnson has recently sold 74 Raglan Street, Preston to a local private investor.
The building consisted of a functional office warehouse of 455 sqm approx.
The property was leased on a short term basis at an annual rental of $33,600 net.
GrayJohnson is receiving strong interest from purchasers looking to locate well-positioned industrial stock in the Preston and Fairfield areas – more particularly, from owner-occupiers.
For further details, contact Matt Hoath on 0418 543 714.
Inner North Industrial in Hot Demand
Posted on Dec 21, 2012 by Matt Hoath.
GrayJohnson has sold at auction a modern office/warehouse of 650 sqm approx at 22 Montefiore Street, Fairfield.
The property has 100 sqm of office accommodation on the first level, a high clearance adjacent warehouse of 550 sqm that also has a high clearance roller shutter door access and three phase power supply.
The building has a high internal springing height of 7.6 metres giving excellent cubic capacity and scope for installation of a racking system, making the property ideal for a stock distribution, storage or similar occupancy.
There is a combination of car parking spaces including both undercover and on-grade to park seven vehicles.
The strata titled property, one of three in a high class development, is located only 100 metres distant from Grange Road so access to the nearby regional feeder roads, including Bell Street and the Eastern Freeway is ideal.
The property generated strong interest from owner-occupiers and investors. The property was sold for $1,150,000 to a local rag trader based in Preston.
For further details, contact Matt Hoath on 0418 543 714.
Sophisticated Collingwood Showroom + Office For Lease
Posted on Dec 21, 2012 by Matt Hoath.
GrayJohnson has been appointed by Gazal Apparel to lease a prominent ground floor office/showroom in the heart of Melbourne’s premier rag precinct.
40 Oxford Street, Collingwood provides quality office accommodation with generous showroom areas. The building area is 650 sqm approx inclusive of a loading bay – access Oxford Street.
The property also boasts a secure carpark area for staff and visitors.
For all leasing enquiries, please call Matt Hoath on 0418 543 714.
High Calibre Office/Warehouse for Sale
Posted on Nov 29, 2012 by Matt Hoath.
GrayJohnson has been appointed to sell a quality office/warehouse (high clearance 7.6 metres) at 22 Montefiore Street, Fairfield.
The subject property consists of 650 sqm approx. The breakdown is 550 sqm warehouse and an elevated office of 100 sqm.
The property comprises of contemporary foyer entry, generous lunch room/kitchenette, separate toilets (on both levels), open plan offices (with excellent natural light), superb warehousing with RSD container access and off street parking for 7 cars (3 undercover and 4 on-grade).
The auction is scheduled for Thursday 6 December @ 12 noon.
Investors Jump Back into the Commercial Market
Posted on Nov 21, 2012 by Matt Hoath.
A prominent corner retail property in the Craigieburn Plaza, known as Shop 27 at 38 Craigieburn Road has been sold after auction for $895,000.
The property of 230 sqm has a new three year lease to tenant (the national chain) Civic Video which dates from 1 June this year.
The commencing annual rental is $80,000 net but the lease provides for fixed annual increases at 3.5% pa.
The property has been purchased by a local property investor who may consider occupying the premises on the conclusion of the current occupancy.
The property enjoys a very strong presence due to its two frontages to the Craigieburn Plaza and the 300 car parks that are adjacent.
In addition, this property is surrounded by national business tenancies including a Safeway supermarket.
The Craigieburn Plaza continues to grow in strength and services the quite rapidly developing residential growth corridor to the immediate north where there are further major new housing developments commencing.
Craigieburn also should be uniquely placed to support the proposed three large new residential precincts to its north under the recently announced new Urban Growth Boundary.
Further information on this transaction can be obtained from GrayJohnson on 9654 3022.
Strong Demand for Abbotsford Investment
Posted on Nov 20, 2012 by Matt Hoath.
A fully-tenanted commercial property at 6 Duke Street, Abbotsford was sold at auction for $1,130,000 to a local private investor.
The 495 sqm building which has a 12-metre frontage to Duke Street just off Victoria Street is subject to a new lease commencing from May next year for five years at a commencing annual rental of $69,400 net.
The location of the property justifies a longer term view on its future capital value although the tenant that has occupied the property for some years has executed an option to renew its lease well ahead of the existing lease expiry date.
Duke Street which runs north from Victoria Street is situated midway between the Burnley and Church Streets junctions so is within a few hundred metres of major new developments including the Victoria Gardens Shopping Centre complex and the nearby two major Salta and Salvo residential developments.
The occupying tenant of the Industrial 1 zoned property is automotive repairer, Collision Centre Pty Ltd with the lease having fixed annual increases equal to the CPI.
There are also several high profile business tenancies in the immediate area although it is evolving with new residential projects.
For more detail, please contact Matt Hoath on 0418 543 714 or firstname.lastname@example.org.
$2.5 Million Bid Buys Collingwood Development Site For Proposed Multi-Level Residential
Posted on Oct 17, 2012 by Matt Hoath.
A prominent vacant site in Collingwood zoned Mixed Use has been sold by GrayJohnson for $2.5 million plus GST.
The property is at 195-205 Wellington Street, on the corner with Napoleon Street and has an area of 825 sqm and is held in three titles.
The site has a large frontage to the western side of Wellington Street of 33 metres with a further frontage to Napoleon Street.
The purchaser is a developer proposing to construct a multi-level residential project on the site, although there are no permits pertaining to this proposed use currently.
It is a unique development site as it sits within close proximity to the specialty retail and lifestyle options in Smith & Gertrude Streets.
Other major arterial routes including Johnston, Langridge and Gertrude Streets together with Victoria Parade and the Eastern Freeway are all within easy reach, together with public transport.
For more information, contact Matt Hoath on 0418 543 714 or GrayJohnson on 9654 3022.
Abbotsford Investment For Sale
Posted on Oct 11, 2012 by Matt Hoath.
GrayJohnson has been appointed to sell 6 Duke Street, Abbotsford. The auction is scheduled for Thursday 25 October @ 3.00 pm.
The building consists of an impressive office warehouse of 495 sqm approx. The property boasts a separate entry to the first floor offices plus two roller doors with off street carparking and access to the main warehouse. The property has the added benefit of a 12-metre frontage.
The property is leased to an established tenant – Abbotsford Collision, who is taking a brand new 5-year lease from May 2013. The current rental is $66,000 pa. The new rental in May 2013 is $69,400 pa Net.
Duke Street, which runs north from Victoria Street is situated mid-way between Burnley & Church Streets and is in close proximity to Victoria Gardens shopping centre and nearby Salta and Salvo residential developments.
For more details, please contact Matt Hoath on 0418 543 714.
Strong Demand for Collingwood Showroom/Offices For Sale
Posted on Aug 02, 2012 by Matt Hoath.
69 Victoria Parade, Collingwood has been sold to a prominent Richmond-based art gallery for $770,000.
The property has two street frontages of 5.2 metres to Victoria Parade and a secondary frontage of 30 metres to the laneway on the eastern side and has been well known as the home of “The Cricket Shop” and the Swan Richards Crusaders cricket team.
The corner building has an area of 200 sqm and holds a flexible Business 2 zoning.
There is off street parking space for two vehicles at the rear of the holding.
With its prominent major street location and visibility, it should ideally suit its proposed new use as an art gallery.
The first level office space offers a combination of open plan and executive spaces plus bathroom and kitchenette facilities with the benefit of excellent natural light from three aspects.
The location is ideal as it is directly opposite the Tribeca residential and retail development and within strolling distance to Wellington and Smith Streets.
For further information, contact Matt Hoath on 0418 543 714.