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 Snapshot P18 03 Location Snapshot P20 Location Overview P21 Zoning Map P22 Region Profile P23 04 Method of Sale P25 Your Agent P26 05 Appendix P27 2
01 EXECUTIVE SUMMARY Available for the first time in nearly 20 years A rare portfolio realisation opportunity PROPERTIES LOCATION OVERVIEW 88 High Street 115m 2 + 140m 2 90 High Street 183m 2 92 High Street 262m 2 94 High Street 610m 2 (NLA) Located in the centre of Berwick s commercial hub. This unique offering is perched prominently in the centre of High Street (Princes Highway) and seconds from the corner of Gloucester Avenue. Available for the first time in nearly 20 years, this unique opportunity is truly an investors dream. With an unbeatable position and established tenants TOTAL LAND AREA 863.5m² throughout, this Berwick landmark is available in its entirety or as 4 separate investments. 1,387m² Tightly held and ideally located, this TOTAL BUILDING AREA portfolio realisation containing blue chip tenancy is your opportunity to secure your financial future. $530,437.76 TOTAL INCOME Closing Thursday 15 th June, 5pm EOI 3
01 88 HIGH STREET Two long term tenants This unique retail space is made up of two long term tenants providing a combined income of over $100,000pa. Benefiting from a flexible floor plan, the site has the potential to be combined in future to create a total building area of 255m 2. With constant foot traffic and 2 car parks on title, the site provides strong return with future redevelopment potential. 88 High Street 30 Adams Lane Charcoal Chicken The Fit Shake Bar 2 long term tenants 2 frontages 2 on site car parks BUILDING AREA 115m² 140m² 60,720pa + GST & O/Gs 43,704pa + GST & O/Gs INCOME TERMS 5 x 5 commencing 01/06/2017 4% review 5 x 5 commencing 01/06/2017 3% review TOTAL INCOME $104,424pa + GST & O/Gs 4
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01 88 High Street 30 Adams Lane 6
01 90 HIGH STREET No expenses have been spared Arguably the strongest location on offer, this site is occupied by Cafe Karma providing income of $80,000pa. With business booming, the tenant will have the opportunity to extend tenancy with 3 further 3 year options. Benefiting from front and rear access this site is fully fit out for hospitality purposes. Prime High Street Location Front & rear access 2 toilets & grease trap BUILDING AREA 90 High Street Cafe Karma 183m² INCOME 80,000pa + GST & O/Gs TERMS 1 x 3 x 3 x 3 commencing 23/02/2017 CPI reviews in further terms 7
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01 92 HIGH STREET Blue chip tenant Without doubt, a blue chip opportunity, this recently refurbished building is occupied by ANZ returning $121,249pa. Sure to remain occupied for many years to come, this first class tenant makes this landmark building all the more perfect. With ample foot traffic and long term lease options, 92 High Street has had a substantial fitout upgrade recently completed giving confidence of a long future with the bank. First class tenant (ANZ) Recently refurbished Outstanding opportunity BUILDING AREA 92 High Street ANZ 262m² INCOME $121,249.68pa + GST & O/Gs TERMS 5 x 5 years commenced 01/06/2014 CPI reviews 10
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01 94 HIGH STREET The way of the future 94 High Street is a first floor office space comprising of 6 established tenancies returning a total income of $224,764pa. Anchored by long term tenant DR Strata in suite 1, the remaining suites provide a steady income creating a high yielding investment opportunity. With a total NLA of 610m 2 the site has been recently refurbished and is a prime office location for anyone wanting to captitalise on a thriving business destination. Prime first floor office BUILDING AREA INCOME TERMS REVIEW High yielding investment opportunity Fully leased (6 tenancies) Unit 1 - DR Strata Management 328m 2 $125,556.00pa + GST & O/Gs 5 x 5 commenced 01/04/2016 CPI Unit 2 - Neil Collin Lawyers 55m 2 $18,720.00pa + GST & O/Gs Monthly CPI Unit 3 - Leyton Palmer Lawyers 62m 2 $20,531.92pa + GST & O/Gs 3 years commenced 01/09/2016 CPI Unit 4 - AP Tutoring P/L 32m 2 $10,036.16pa + GST & O/Gs 2 x 2 commenced 01/11/2015 CPI Unit 5 & 6 - John Jakupi & Associates P/L 86m 2 $31,920.00pa + GST & O/Gs 3 x 3 commencing 01/01/2017 3% Unit 7 - Johnstone & Reimer Lawyers 47m 2 $17,400.00pa + GST & O/Gs 3 x 3 commencing 16/05/2016 3% TOTAL 610m 2 $224,764.08pa + GST & O/Gs 13
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01 VIEW THIS PROPERTY Click image or follow this URL https://www.youtube.com/ watch?v=xcwrwfs6ijs 16
PROPERTY 88-94 High Street, Berwick
02 PROPERTY SNAPSHOT 88 High Street 90 High Street 92 High Street 94 High Street LAND AREA HOSPITALITY FIT OUT FIRST CLASS TENANT RECENTLY REFURBISHED 2 FRONTAGES GREASE TRAP RECENTLY RE-FITTED & RENOVATED HIGH YIELDING INVESTMENT 2 ON SITE CAR PARKS REAR ACCESS 2 ON SITE CAR PARKS 2 ON SITE CAR PARKS 18
LOCATION 88-94 High Street, Berwick
03 LOCATION SNAPSHOT 20
03 LOCATION OVERVIEW 2 1 6 Located in the centre of Berwick s commercial hub. This unique offering is perched prominently in the centre of High Street (Princes Highway) and seconds from the corner of Gloucester Avenue. 1 Clyde Road 190m 2 Berwick Volkswagen 500m 3 Princes Freeway 1.6km 7 5 4 4 Berwick Train Station 1.2km 5 St John of God Hospital 6 Coles Southside 7 Federation University 1.5km 3 21
03 ZONING MAP Commercial 1 Zone Below is a map of the property located in the Commercial 1 Zone (C1Z). The Commercial 1 Zone is used to encourage commercial areas for offices, appropriate manufacturing and industries, bulky goods retailing, other retail uses, and associated business and commercial services. 22
03 REGION PROFILE The City of Casey is located in the south-eastern suburbs of Melbourne and has one of the highest growth rates in Victoria. 30.2HA COMMERCIALLY ZONED 11.7HA INDUSTRIALLY ZONED The City of Casey includes the suburbs of Cranbourne, Cranbourne West, Hallam, Narre Warren and Berwick. Many suburbs feature significant industrial developments, as well as parcels of land earmarked for future industrial development. MELBOURNE 45KM SOUTH EAST The largest commercial precinct within the City of Casey is Westfield Fountain Gate, the second largest shopping centre in Australia. BERWICK 23
METHOD OF SALE 88-94 High Street, Berwick
04 EXPRESSION OF INTEREST 88-94 High Street, Berwick is being offered for sale by Expression of Interest. The Expression of Interest is closing Thursday 15 th June, 5pm at 6 Clow Street, Dandenong. Terms: 10% deposit, balance 60 days. Due Diligence The following additional information can be provided upon request: DOCUMENTATION Contract of sale INSPECTION Inspections of the property are recommended and can be arranged by appointment with the exclusive selling agents. ENQUIRIES All enquiries regarding information and requests for inspections are to be directed to the selling agents overleaf. 25
04 YOUR AGENTS Matt O Dea Partner 0448 566 556 mattodea@faceyindustrial.com.au Matt Rice Partner 0419 871 240 mattrice@faceyindustrial.com.au 26
EXPRESSION OF INTEREST Property Purchaser (Including ABN) Address / Contact Details Purchaser s Legal Representative Offered Purchase Price Proposed Settlement Period Deposit submit by 5pm 15/06/2017 Via Letter to 6 Clow Street, Dandenong Via fax on 03 9791 3698 Via email to mattodea@faceyindustrial.com.au or mattrice@faceyindustrial.com.au Signed Dated
APPENDIX 88-94 High Street, Berwick 1. Plan of Subdivision
6 Clow Street Dandenong VIC 3175 9793 4455 faceyindustrial.com.au Disclaimer All prices are GST Exclusive. All areas are approximate. Prospective Purchasers/Tenants should make their own enquiries to satisfy themselves of all aspects. This property report has been prepared by Facey Kendall O Dea Pty Ltd ACN: 053 469 757, trading as Facey Industrial Commercial solely for the information of potential purchasers/tenants to assist them in deciding whether they are sufficiently interested in the properties. The information does not constitute all or any part of an offer or Contract of Sale/Lease, and is intended as a guide only. The information contained in the report has been prepared in good faith by Facey Industrial Commercial and includes information provided by other sources. Facey Industrial Commercial advise that they have not checked or verified and make no representation of their accuracy.