Artists Impression MILLERS JUNCTION BUSINESS YOUR PERFECT WORK-LIFE ADDRESS State-of-the-art flexible office warehouses 302 330 Millers Road, Altona North millersjunction.com.au/business
CONTENTS MILLERS JUNCTION BUSINESS 03 Your Perfect Work-Life Address PRIME LOCATION 05 PROJECT FEATURES 07 FLEXIBLE SPACES 09 PROPOSED MILLERS JUNCTION RETAIL 10 MILLERS JUNCTION PRECINCT 11 MASTER PLAN 12 PROVEN TRACK RECORD 13 YOUR INVESTMENT OPPORTUNITY 14 PROJECT SPECIFICATIONS 15 TRUSTED DEVELOPER PARTNERSHIP 19 2
MILLERS JUNCTION BUSINESS Ideally located in Altona North, this exciting new stage of Millers Junction Business benefits from the outstanding amenities of the existing Millers Junction Precinct as well as the reassurance of proven returns. Boasting convenient road and public transport access, plus foot traffic from neighbouring large format retail outlets, the precinct also looks to profit from Millers Junction Retail which is proposed next door. Grow your business alongside Australia s leading brands. 76 state-of-the-art office warehouses Sizes from 70m 2 to 187m 2 Commercial 2 Zoning and ample parking Position your business alongside leading national retail brands Millers Junction Retail proposed next door Ideal for owner occupiers and SMSF investors Proven rental returns (in excess of 7%) Easy access to major arterials, Melbourne CBD and public transport 3
WESTGATE BRIDGE 7KM 12KM MELBOURNE CBD PORT PHILLIP BAY 5KM NEWPORT TRAIN STATION 2KM WESTGATE FREEWAY ALTONA TRAIN STATION 4KMS SEAHOLME TRAIN STATION 3KMS 1.5KM ALTONA GATE SHOPPING CENTRE WOOLWORTHS* MILLERS ROAD ALDI * REPCO JB-HIFI OFFICEWORKS PETSTOCK BUNNINGS WERRIBEE TRAIN LINE * Proposed Development CHAMBERS ROAD EXCITING NEW STAGE NOW SELLING CABOT DRIVE SOLD OUT & OPEN FOR BUSINESS BUTLER ROAD ROSS ROAD
PRIME LOCATION WESTERN RING ROAD GEELONG ROAD YARRAVILLE EAT, DRINK & SHOP 1. Mr Miller & Co. Café 2. Millers Junction Home (Bunnings, JB-HiFi, Aldi, café & more) 3. Altona Gate Shopping Centre (Aldi, Kmart, Chemist, casual dining & more) 4. Newport Junction (restaurants and cafés) RECREATION 5. Scienceworks 6. West Gate Sports & Leisure Complex 7. Newport Substation 8. Altona Lakes Golf Course 9. Westgate Golf Club 10. Altona Yacht Club 11. Port Phillip Bay PRINCESS FWY 6 ALTONA NORTH 1 2 3 MILLERS RD. 15 WESTGATE ON-RAMP 8 WESTGATE FWY BLACKSHAWS ROAD MASON STREET MADDOX RD. WESTGATE ON-RAMP NEWPORT 7 MELBOURNE ROAD WILLIAMSTOWN KOROROIT CREEK ROAD 9 14 4 13 WESTGATE BRIDGE 5 DOUGLAS PARADE MELBOURNE CBD 12KMS PORT MELBOURNE TRANSPORTATION 12. Seaholme Train Station 13. Newport Train Station 14. North Williamstown Train Station 15. Berkley Crescent Bus Station ALTONA MEADOWS ALTONA Altona Beach 12 10 11 PORT PHILLIP BAY 5
FLEXIBLE SIZES AND LAYOUTS TO SUIT ANY BUSINESS Artists Impression 6
PROJECT FEATURES AMENITY A short walk to Millers Junction s shops and cafés Next door to the proposed Millers Junction Retail Easy access to Melbourne s CBD, public transport and major arterials End of trip facilities including shower and bicycle parking Ample car parking included on title plus a shared pool of 70 visitor spaces 7
PROJECT FEATURES DESIGN Flexible sizes and layouts to suit any business Expansive glazing gives generous natural light to office spaces High quality internal and external finishes Fully air-conditioned mezzanine offices (to most units, refer Project Specifications) Motorised roller shutter doors and unique glass panel lift doors (to some units, refer Project Specifications) Full amenities including kitchenette 3 phase power 8
FLEXIBLE SPACES Millers Junction Business features flexible retail, commercial and industrial spaces designed to meet the changing needs of modern businesses and appeal to a wide range of end users including, but not limited to: Traditional and online retailers Tradespeople Import/Export Businesses Business Services, IT & Telecoms Warehousing Personal or Business Storage Light Industrial/Manufacturing Medical Practices and Research Fitness, Health and Wellness NOTE: Commercial 2 Zoning provides added opportunity. Owner s corporation rules forbid occupation by motor mechanic and panel beater users. Some uses are subject to Council approval. Millers Junction Business Information Memorandum millersjunction.com.au/business 9
PROPOSED MILLERS JUNCTION RETAIL Millers Junction is poised to enjoy the added benefits from a proposed adjacent shopping centre, Millers Junction Retail. Millers Junction Retail will be a 13,330m 2 neighbourhood and large format retail centre anchored by Woolworths. The circa $70 million development will sit directly adjacent to this new stage of Millers Junction Business and opposite Millers Junction Home, already home to Bunnings, Officeworks, JB HI-FI and more. Make your mark within this key shopping and business hub in Melbourne s thriving inner west. NOTE: Millers Junction Retail has secured unanimous support from Hobsons Bay City Council following a favourable outcome from the Planning Panels Victoria hearing. It is now subject only to the Victorian Planning Minister s final approval. 10
70 69 71 72 51 67 52 66 53 65 54 50 47 64 55 46 74 63 56 45 62 57 61 58 60 59 38 39 40 36 35 34 33 32 19 20 21 22 23 76 37 49 48 73 75 CHAMBERS ROAD 68 Large Format Retail 44 Takeaway Food 43 41 42 Fuel Future Development EXCITING NEW STAGE NOW SELLING 18 17 16 15 14 1 2 3 4 5 Office Building Medical Centre CABOT DRIVE Pit Stop Cafe Mr Miller and Co Cafe Proposed development * Proposed Development Retail MILLERS ROAD MILLERS JUNCTION PRECINCT
70 70 69 68 68 69 51 51 50 49 MASTER PLAN 71 71 72 72 73 73 67 67 66 65 65 64 64 52 52 53 54 55 48 48 47 46 46 CHAMBERS ROAD 74 74 75 75 76 76 37 37 38 38 39 39 36 19 36 18 1 35 35 20 17 2 63 62 62 61 61 60 60 34 34 21 16 3 33 33 22 15 4 32 32 23 14 5 31 31 24 13 6 56 57 58 59 40 30 30 25 12 7 41 45 44 43 43 29 29 26 11 8 42 19 20 21 22 23 24 25 26 27 18 17 16 15 14 13 Future Development FUTURE DEVELOPMENT 1 2 3 4 5 6 7 8 9 12 11 28 28 27 10 10 9 Proposed Retail Development Proposed Retail Development CABOT DRIVE NOTE: Areas and layouts are subject to change. Millers Junction Millers Junction Business Stage 1, 21, & 23 & 3 12
PROVEN TRACK RECORD Average investor returns for recent Wilmac developments include: 7.74% * 7.21% * Residential (Altona North) Millers Junction Business Median Price $765,000 $421,000 Average Yield 2.9% 6.5% 7.5% Outgoings Paid by the landlord Paid by the tenant Average Lease Term 1 year 3 years NOTE: * Average yield at project completion Millers Junction Business data as at quarter 2, 2017 13
YOUR INVESTMENT OPPORTUNITY From $265k Attracts a broad range of tenants Millers Junction Stages 1 to 3 have achieved an occupancy rate of 95% Melbourne s west is Victoria s fastest growing region in terms of population* Small business is thriving in Melbourne s west with over 90% of businesses employing less than 20 people* Diversify your portfolio Significant depreciation and tax benefits Higher net return compared with residential Yearly rent reviews Longer term tenancies Tenants pay outgoings Minimal ongoing maintenance issues/expenses GST is fully refundable Buy in SMSF and lease back to your own business No Residential Tenancies Act Avoid stock market volatility NOTE: * Regional Development Victoria 2016 Artist Impression 14
PROJECT SPECIFICATIONS State-of-the-art flexible office warehouses Millers Junction Business Information Memorandum 15
PROJECT SPECIFICATIONS OFFICE WAREHOUSE GENERAL NOTE: First Floor ancillary office fitout as described in the Project Specification only applies to lots 1-49, 51, 68, 70-76. First Floor ancillary office will be constructed as a cold shell (i.e. no fitout) for lots 52, 55, 57, 58, 61, 62, 64, 67. EXTERNAL WALLS Full height concrete panels with commercial framed glazed windows Texture roll-on paint to panels INTERNAL WALLS Concrete walls and exposed steel frame Paint finished plaster board wall to first floor office area Wall tiles to water closet (WC) FLOOR CONSTRUCTION & FINISHES Reinforced concrete floor slab to ground level Steel framed mezzanine structure with structural chip board flooring to first floor office Ceramic floor tiles to WC Commercial grade carpet tile to first floor office STRUCTURE Clear span structure with load bearing concrete panels First Floor steel framed mezzanine structure supported by steel columns ROOFING Steel frame with metal roof cladding, sisalation and skylights AIR-CONDITIONING & VENTILATION Split system heating and cooling to first floor office space Warehouse and amenity areas to be ventilated in accordance with BCA CEILINGS First Floor office suspended ceiling tiles Underside of first floor office suspended ceiling tiles Amenities painted flush plasterboard ceiling AMENITIES Unisex toilet to meet BCA requirements Fixtures/Fittings ceramic basin, selected tapware, porcelain toilet suite, shower head, wall mixer and wall mounted mirror to WC Drainage point for shower Kitchenette including sink, hot and cold water outlet, cupboard with stone benchtop & splashback 16
PROJECT SPECIFICATIONS OFFICE WAREHOUSE GENERAL NOTE: First Floor ancillary office fitout as described in the Project Specification only applies to lots 1-49, 51, 68, 70-76. First Floor ancillary office will be constructed as a cold shell (i.e. no fitout) for lots 52, 55, 57, 58, 61, 62, 64, 67. ELECTRICAL Separately metered three phase power to each unit General Power Outlets (GPO s) as follows: One (1) double GPO to switchboard Two (2) double GPO s to underside of first floor office (entrance foyer and kitchenette) First Floor office One (1) GPO per 15sqm of office space LIGHTING Warehouse: High bay lighting and emergency lighting to meet BCA Recessed fluorescent lighting to underside of first floor office Office: Recessed fluorescent lighting Water Closet: Fluorescent downlights External: Canopy lighting Security lighting above roller door COMMUNICATIONS Provision of communications services including conduit and cable to each unit FIRE SERVICE To comply with the requirements of the MFB/CFA and the BCA LANDSCAPING Landscaping to the satisfaction of Hobsons Bay City Council and in accordance with the Town Planning drawings OTHER Stair structure with timber treads Motorised roller shutter doors 3.5 x 5m Motorised roller shutter doors to units: 1, 11-26, 36-51, 68-76. 3.5 x 3.5m Motorised roller shutter doors to units: 52-67. 3.5 x 5m Glass panel lift doors to units: 9-10, 27-28. 3.5 x 3.5m Glass panel lift doors to units: 2-8, 29-35. 17
PROJECT SPECIFICATIONS OFFICE WAREHOUSE EXCLUSIONS All loose furniture, whitegoods, office workstations, window furnishings and joinery items Reticulation for data and communications, telephone and all client fit-out requirements Air-conditioning to warehouse areas and ground floor below mezzanine office Incoming gas supply/reticulation and associated works Security system Corporate signage, associated permits and related works Shower screens GENERAL NOTE: First Floor ancillary office fitout as described in the Project Specification only applies to lots 1-49, 51, 68, 70-76. First Floor ancillary office will be constructed as a cold shell (i.e. no fitout) for lots 52, 55, 57, 58, 61, 62, 64, 67. 18
PROJECT SPECIFICATIONS OFFICE WAREHOUSE FINISHES STONE BENCHTOP & SPLASHBACK AMENITIES WALL TILE STAIRCASE TAPWARE AMENITIES FLOOR TILE OFFICE CARPET TILES GENERAL NOTE: First Floor ancillary office fitout as described in the Project Specification only applies to lots 1-49, 51, 68, 70-76. First Floor ancillary office will be constructed as a cold shell (i.e. no fitout) for lots 52, 55, 57, 58, 61, 62, 64, 67. 19
TRUSTED DEVELOPER PARTNERSHIP Millers Junction Business is another premier development proudly delivered in partnership by Wilmac Properties and Folkestone. Wilmac is a property development company based in Melbourne, Australia with proven ability to source, facilitate and deliver a wide range of projects across commercial, industrial and residential property developments. Folkestone is an ASX listed company providing real estate wealth solutions. Folkestone s funds management platform, with $1.3 billion under management, offers listed and unlisted real estate funds to private clients and select institutional investors, while its on balance sheet activities focus on valueadd and opportunistic (development) real estate investments. Millers Junction Business Information Memorandum 20
For further information please contact: Bryce Pane 0477 014 753 Ricardo Cappelletti 0421 837 421 Fergus Pragnell 0410 681 492 Glyn Bosisto 0414 304 580 Mark Charlton 0430 464 270 Miller Junction Business 302 330 Millers Road Altona North millersjunction.com.au/business Disclaimer: This document has been prepared to assist potential purchasers in deciding whether to purchase in the proposed development. The information contained herein has been prepared in good faith, however we do not warrant the accuracy of any of the information provided. The information provided herein does not in any way constitute all, or any part of an offer, or contract of sale for any property referred herein. All plans, dimensions, figures, illustrations, financial details, photography and all other material are representative only. All information contained herein in this document is subject to change and is confidential and remains the property of the vendor. This document is not for general distribution without the written consent of the vendor. Copyright 2018 Wilmac Properties Pty Ltd. Unauthorised reproduction of any part of this document is not permitted and may be prohibited under copyright and other laws.