4 King. 254 Chapel STREET STREET

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1 I N F O R M A T I O N M E M O R A N D U M 254 Chapel & 4 King P R A H R A N

2 Contents 1 Executive Summary 5 2 Location 7 3 Property Particulars 10 4 Financial and Tenancy Details 12 5 Floor Plans 14 6 Market Sales Activity 16 7 Sale Method 18 4 King 254 Chapel 2 3

3 Introduction Beller Commercial are pleased to offer 254 Chapel Street & 4 King Street, Prahran for Sale by Expressions of Interest. Positioned in the heart of Melbourne s famously renowned retail Mecca Chapel Street, these two ground floor retail properties present an outstanding opportunity for all levels of investors. The properties are securely leased offering buyers an opportunity to start or build their property portfolios. We strongly recommend these versatile investments for your consideration. 4 5

Executive Summary PROPERTY ADDRESS: 254 Chapel Street & 4 King Street, Prahran LOCATION: These two properties are located in one of Melbourne s most prominent suburbs of Prahran.

DESCRIPTION: Two fantastic strata retail spaces built at the base of a modern mixed use development containing 20 boutique apartments with expansive frontage to Chapel and King Streets Prahran.

4 Executive Summary PROPERTY ADDRESS: 254 Chapel Street & 4 King Street, Prahran LOCATION: These two properties are located in one of Melbourne s most prominent suburbs of Prahran. Situated in heart of the Chapel Street s retail and entertainment precinct and directly opposite the ever popular Greville Street. DESCRIPTION: Two fantastic strata retail spaces built at the base of a modern mixed use development containing 20 boutique apartments with expansive frontage to Chapel and King Streets Prahran. Set up as a restaurant and office space these two tenancies benefit from versatile floor plans and undercover parking spaces. BUILDING AREA: 254 Chapel Street - 203sqm (approx.) 4 King Street - 53sqm (approx.) Total Building Area - 256sqm (approx.) PARKING: 254 Chapel Street 2 Allocated car spaces 4 King Street - 1 Allocated car spaces ZONING: Activity Centre Zone 1. METHOD OF SALE: For Sale by Expressions of Interest closing Thursday 27th September at 2.00pm. TERMS OF SALE: 10% deposit with balance payable upon settlement of days. EXCLUSIVE SELLING AGENTS: Level 1, High Street, Prahran Liam Rafferty Jeremy Gruzewski Sales Executive Director of Agency liam@bellerc.com.au jeremy@bellerc.com.au 6 7

5 ROAD ST. KILDA THE ALFRED HOSPITAL PUNT ROAD PRAHRAN RAILWAY STATION AL CI ER M M CO ILL EV AD RO GR PRAHRAN HIGH SCHOOL HI EE TR ES (Under Construction) T GH EET R ST CATO DEVELOPMENT 254 Chapel & L CHAPE 8 4 King 9

Location Positioned on the South-Eastern corner of Chapel Street and King Street s these superbly positioned properties are located approximately 4km from Melbourne s CBD in the sought after inner

Surrounded by numerous well known eateries, bars and retailers this all hours precinct is set to further benefit from recently completed and upcoming major private and council projects including:

6 Location Positioned on the South-Eastern corner of Chapel Street and King Street s these superbly positioned properties are located approximately 4km from Melbourne s CBD in the sought after inner city suburb of Prahran. Surrounded by numerous well known eateries, bars and retailers this all hours precinct is set to further benefit from recently completed and upcoming major private and council projects including: Cato Square Development Princess Gardens Upgrade Jam Factory Redevelopment Greville Street Upgrade Prahran High School A Loft Hotel Development Further strength to the area also comes from a growing local population due to several residential developments permit approved and currently under construction. Some nearby businesses and infrastructure includes: Located in the centre of Chapel Street surrounded by multiple National and International Tenants Liquor license with trading permits to 1:00 am for 160 patrons Walking distance to Prahran Railway Station In close proximity to the $60,000,000 redevelopment of the Cato Street Carpark and numerous residential developments Flexible floorplan and hospitality infrastructure for multiple retail uses (STCA) Footpath trading permits on both King Street & Chapel Street 10 11

7 Property Particulars Property Particulars TITLE PARTICULARS 254 Chapel Street Volume: Folio: 669 Lot A on Plan of Subdivision H 4 King Street Volume: Folio: 672 Lot D on Plan of Subdivision H SUBURB PROFILE DEMOGRAPHIC Average Age Years old People of Prahran - OLDER INDEPENENCE 9.8% EXECUTIVE & ESTABLISHED COUPLES 24.6% Median House Price $1,500,000 BUY Median Unit Price $561,000 INDEPENDENT YOUTH 31.9% Median House Price $700 Per Week RENT Median Unit Price $420 Per Week ZONING The property is zoned Activity Centre Zone 1 (ACZ1) under the Stonnington City council Planning Scheme. The purpose of this zoning is as follows: To encourage a mixture of uses and the intensive development of the activity centre as a focus for business, shopping, working, housing, leisure, transport and community facilities. To create through good urban design an attractive, pleasant, walkable, safe and stimulating environment. To facilitate use and development of land in accordance with the Development Framework for the activity centre

Tenancy Details 254 CHAPEL, PRAHRAN Tenant Business Name: Current Rent: Term: Rent Reviews: Outgoings: Sister of Society $135,200 p.a. 5 + 5 + 5 years 4% annually Paid by tenant Lease Start Date: 1st December 2015 4 KING, PRAHRAN Tenant Business Name: Current Rent: Term: Rent Reviews: Outgoings: Sister of Society $27,040 p.

bar and nightspot. The view through the tinted full length windows gives a hint of the modern interior and greatlooking bar, enough to pique the curiosity and draw you inside.

8 Tenancy Details 254 CHAPEL, PRAHRAN Tenant Business Name: Current Rent: Term: Rent Reviews: Outgoings: Sister of Society $135,200 p.a years 4% annually Paid by tenant Lease Start Date: 1st December KING, PRAHRAN Tenant Business Name: Current Rent: Term: Rent Reviews: Outgoings: Sister of Society $27,040 p.a years 4% annually Paid by tenant Lease Start Date: 1st December 2015 OVERVIEW OF TENANT A lot of thought and work has gone into the design and set-up of Sister of Society, an on-trend bar and nightspot. The view through the tinted full length windows gives a hint of the modern interior and greatlooking bar, enough to pique the curiosity and draw you inside. Low lighting creates a warm enticing ambience, tinged bright red by the SOS neon sign on the wall. A mixture of seating ensures the perfect spot for patrons to squeeze into a comfy booth, park on a bench at a coffee table, convene around a bar table, or perch on a bar stool for counter-style eating, drinking and conversing. Head right down the back past the long bar, open servery and commercial kitchen and you ll find a very comfortable nook, ideal for a half dozen or so close friends

Floorplans Comparable Sales 227 HIGH, PRAHRAN Sold Price:

4% 205-207 HIGH, PRAHRAN Sold Price: $1,600,000 Building Area:

5% 24 CHATHAM, PRAHRAN Sold Price: $1,650,000 Building Area:

9 Floorplans Comparable Sales 227 HIGH, PRAHRAN Sold Price: $3,000,000 Building Area: 196sqm (approx.) Building Rate: $15,306 psm Yield: 4.8% SHOP 7, 180 COMMERCIAL ROAD, PRAHRAN Sold Price: $1,805,000 Building Area: 125sqm (approx.) Building Rate: $14,440 psm Yield: 4.4% HIGH, PRAHRAN Sold Price: $1,600,000 Building Area: 90sqm (approx.) Building Rate: $17,777 psm Yield: 4.5% 24 CHATHAM, PRAHRAN Sold Price: $1,650,000 Building Area: 101sqm (approx.) Building Rate: $16,336 psm Yield: 4.8% 159 WILLIAMS ROAD, SOUTH YARRA Sold Price: $850,000 Building Area: 63sqm (approx.) Building Rate: $13,492 psm Yield: 4.2% 16 17

Sale Method method of sale For Sale by Expressions of Interest closing Thursday 27th September at 2.00pm. TERM OF SALE 10% deposit with balance payable upon settlement of 30-90 days.

Exclusive Selling Agents Level 1, 107-111 High Street, Prahran Liam Rafferty Jeremy Gruzewski Sales Executive Director of Agency 0421 886 655 0422 211 021 liam@bellerc.com.

10 Sale Method method of sale For Sale by Expressions of Interest closing Thursday 27th September at 2.00pm. TERM OF SALE 10% deposit with balance payable upon settlement of days. INSPECTIONS Strictly by appointment with one of the below selling agents. Contract of Sale & Vendors Statement A copy of the contract of sale and vendor statement is available upon request. Exclusive Selling Agents Level 1, High Street, Prahran Liam Rafferty Jeremy Gruzewski Sales Executive Director of Agency liam@bellerc.com.au jeremy@bellerc.com.au DISCLAIMER: This document has been prepared by Wellara Holdings Pty Ltd for advertising and general information only. Wellara Holdings Pty Ltd do not guarantee, warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Wellara Holdings Pty Ltd excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising therefrom

11 254 Chapel & 4 King P R A H R A N

INFORMATION MEMORANDUM

INFORMATION MEMORANDUM 88-94 High Street, Berwick 9793 4455 faceyindustrial.com.au CONTENTS 01 Executive Summary P3 88 High Street P4 90 High Street P7 92 High Street P10 94 High Street P13 02 Property