The Age from Melbourne, Victoria, Australia • Page 97

THE AGE SATURDAY 22 MAY 1999 COMMERCIAL INDUSTRIAL PROPERTY BRIEFS Of ficewatrehomse in prime spot By ROYCE MILLAR THE Nntting Hill and Mount Waverley industrial areas, once regarded as general industrial in character, have been transformed intra attractive and high-value office and high-tech precincts, according to the commercial agents Lawson Real Estate. Modern officewarehouse properties in Netting Hill, like the one to be auctioned this month by Lawson and Jones Lang LaSalle, are in demand. The property comprises a building area of 2072 square metres on a 2648 square metre site. The building area is made up of 833 square metres of premium office space, 258 square metres of research and development area and 981 square metres of warehouse space. The two-level office area features a board andor meeting room on each floor, staff amenities, and male and female toilets on both levels.

High glass partitions have been used to create executive offices and open-plan areas. A high-clearance warehouse is accessible by a roller shutter door and includes a large lunchroom and male and female toilets. Research and development takes place in an air-conditioned area with vinyl flooring, adjoining a workshop area with plumbing and three-phase power. On-site car parking is available for 28 vehicles. Suitable for both owneroccupiers or investors, the property 26-30 Business Park Drive will be sold with vacant possession and agents anticipate a selling price of more than $1.5 million.

Lawson's selling agent, Mr Gavin Dumas, described the property as a "first class industrial He said it offered an owner-occupier or investor the opportunity to secure "an impressive property in a highly sought-after industrial Mr Dumas said Notting Hill was now "widely regarded as Melbourne's premier industrial He said a transformation of the area had taken place during the past 10 years and that industrial land values in Notting Hill and Mount Waverley were now reaching in the vicinity of $200 per square metre. The property is located on the southern side of Business Park Drive, about 20 kilometres south of the central business district. Mr Dumas said access to the site was excellent from major arterials including Springvale Road, Ferntree Gully Road, the South Eastern Arterial, Dandenong Road and Blackburn Road. Further, the surrounding residential areas provided a large labor force. The officewarehouse is to be auctioned on Wednesday 26 May at 11am, on site.

THE Vision Property Group (9654 9800) will auction a Richmond warehouse on Wednesday 26 May at 2pm, on site. The property, at 50 Lennox Street Richmond, comprises building area of square metres on a 300 square metre site and features open trusses and exposed brick walls. Located In central Richmond between Bridge Road and Victoria Streets, the warehouse Is expected to fetch more that $250,000. Vision Property Group associate director, Mr Tim Bindley, said the warehouse would be suitable for owner-occupiers or developers. A MODERN factoryoffice In Cheltenham Is now available for lease through Frank Sheehan Real Estate (9670 9431) and Kevin Nixon Real Estate.

The property at 21-23 Wangara Road comprises a building area of 1290 square metres on a 2911 square metre site, dual loading access, alr-condKloned offices and a weimt factory and warehouse area. The lease term Is for Ave years with options to be concluded at an annual rental of $83,000. Rental reviews would be In line with CPI. i JONES Lang LaSalle (9565 6666) Is offering suites for lease at the recently completed office complex at 391 Tooronga Road, Hawthorn. The 2600 square metre building comprises two levels of office space and undercover parking for 84 cars In an elevated position overlooking Toorak, South Yarra and the Central Business District.

The asking rent Is $220 per square metre. The property at 26-30 Business Park Drive: to be sold with vacant possession. In the heart of the city iHt with substantial capital growth in said Mr Fajnkind. The property will be auctioned on Thursday 27 May at 3pm, on site. THE well-known Nunawading site formerly known as Wobbies World, is to be auctioned by McGees National Property Consultants next month.

Located at 469 to 485 Springvale Road, the property occupies a 1.6 hectare site almost opposite the Channel 10 Nunawading headquarters. Falling within an area zoned reserved living and in a predominantly residential district, agents believe the property is ideally suited to residential subdivision. By RYCE MILLAR A PROPERTY in Flinders Lane, to be auctioned next week, is located in what agent Alexander Robertson describes as "one of Melbourne's most exciting growth The property at nuber 55, behind the former Herald and Weekly Times building, comprises a two-level, recently constructed building of 60 square metres. A five-year lease with a five-year option, which began in December 1998, is held by the Guggenheim Bagel Bar at a current annual rental of $30,000 and a fixed annual increase of 4 per cent. The agents anticipate a sale price of between $350,000 to $400,000 on a yield of between 7.5 and 8.5 per cent.

Alexander Robertson's selling agent, Mr David Fajnkind, said the Flinders Lane property was "prominently positioned in the heart of Melbourne's He said that with several commercial and residential developments in the immediate vicinity under construction or in the planning phase, the property was ideally positioned to take advantage of increased pedestrian traffic through the area. Mr Fajnkind said the extension of Exhibition Street, now nearing completion, would also bring additional traffic into the area. "This is a good passive investment But the site will be sold with conforming use rights, allowing an enterprising purchaser to continue to operate a theme park. McGees director Mr Richard O'Callaghan said the Wobbies World theme park commenced trading in 1980 and was a "source of joy for countless children. It would now appear that the site will be the source of much enjoyment for one successful residential Mr O'Callaghan said the Wobbies World rides and equipment would not be included in the sale but would be available from the agents.

The property at 469 to 485 Springvale Road will be auctioned on Thursday 3 June at 2pm, on site. The building at 55 Flinders Lane: ideally placed. A A A AAA A A A A AAA A AA AUCTION AAA RETAIL INVESTMENT: GEELONC DISTRICT AIT. DUNEED PIZZA HUT Leased To October 2002 Plus Options 5x5x5 Returning Si 13.960 Per Annum. gne oi we iod rive strips Dles-Myer covenant 'Potential sub-cllvlslon(STCA) 4 shoos offices 'Enormous frontage 24.4m (80 ft) 'Large council car park at rear Price t2.SOO.000 AGED CARE SITE ha.

do Arup: SECURE YOUR F1ITIIRF AAAAAAAA WILLIAMSTOWN KOROROIT CREEK ROAD EXTRAORDINARY VALUE MODERN STRATA OFFICE UNITS LGN- ROOMS WITH SEP. BATHROOM WITH SHOWER COURT YARD SETTING 2 CARPARKING SPACES ON TITLE RETURNS 10PC PA MUST BE SOLO BARGAIN PHONE 98091222 MONDAY Located 400 mtrs from the suburb Donc'r Professionals 9841 B000 1006 Doncaster Rd AH 9B46 1791 71 of house hunters hunt houses in The Age. Seize, the day. oi uruvcaaie in ueeionss designated growth corridor, close to beaches, close to city. Rural orlce range.

Bmlr1c.nl lal nniantlal Kloer 0418 326 190 Stanton Hllller Parker ABBOT5FORDC WOOO AUCTION -TUES 25TH MAY AT 3 PM 15 DUKE STREET Ideal warehouse Investment 3650 si see our main advert under Industrial. 369 BRIDGE RD RICHMOND TERMS: 10PC DEP. BAL 90 DAYS that's where most houses arc advertised. www.thcagc.com.au AGED CARE INVEST FREEHOLD I Beca Because a. NILnAKUlUIX LU.

5 Retreat Rd, Newtown Ph5229S017 AH04189914Q9 WMNIEU BUYtH WAIIIINsj. RIAL CO LREA PH95767022I fMU WJJ wiiiiMiiim 1 NATIONAL TENANT New long lease In prime retail Breclnct. UILDING AREA 35.000 SO FT RENTAL $240,000 PA NET PRICE $2,400,000 04143157260411854120 15 TEAR LEASE "SOLD" SOUTH MELBOURNE Fully refurnished office building Quality tenants onlong leases. RENTAL $220,000 PA 04 1 1 473 504041 4 3 1 5 728 SECURELY LEASED Well located, retail shoo In busy location. LEASE 3x3x3 YEARS RENTAL 11,46 PA 0414 315 728 INTER'AL TENANT Main Road corner showroom warehouse.

NEW 8 YEAR LEASE BUILDING AREA 29.140 SQ FT RENTAL I145d00 PA CBD RETAIL New 5 years lease to established retailer. Prominent too-of-the-Nll S5.00O PA 0411 473 5040414315728 EASTERN SUBURBS Substantial retail building of YEAR LEASE oSfHftrrieVsS. NAB BANS Thriving City fringe location. Rare oooortun ty at a remarlcable prfcr RENTAL $156,110 PA 04143157280411 473 504 Auction Thursday 10 June 1999 at 3pm on site. QUALITY OFFICEWAREHOUSE 44 SPARKS AVENUE, FAIRFIELD.

Auction Wednesday 23Juneat11amon site 3-level designer building Store Brooklyn Estate Millers Rd, Brooklyn 2 TOP WAREHOUSES LEASING AT 1 1DEAL LOCATION Areas of: (approx) (approx) Adjacent to Westgate Freeway and close to Western Ring Road Incl offices, canopy loading areas, 4 roller doors High clearance, clear span construction, fully sprinklered Auction Wednesday 9 June 1999 at noon on site 13 investment return out west. Current income $195,400 p.a. (JrPm DEVONSHIRE ROAD, SUNSHINE TAvo level office retail building Building area (approx) Major tenants Video Ezy and Crazy Clints Abuts Council car park In the heart of a retailoffice precinct 2-4 MOSS PLACE. (OFF HOWARD STREET NORTH MELBOURNE t2 Blue Chip investment in Fairfield Building area (approx) Currently returning $400,000 per annum Solid tenant Mayne Nickless Limited Six year lease Excellent rental growth 3 street frontages Auction ttiv WBdnejday 23 June 1999 VV Mllamonsito illJM new.top OFFICE QUALITY cttttpq FACTORY bUllia IINIT I 6 2 2 FERNTREE GULIV ROAD. 4-8 00WNARD ST I I MUIGRAVE BRAESIDE Don't lease it own it! I 3 Brand new factory units it (available as a whole or separately) Street frontage I I IS From 286sqm (approx) to tVtV 290sqm (approx) 4 car parks for each unit I A Campbell Blennerhassett J.

0417 98445 Michael Butlar Rob Joym 0411 137 277 0412672016 Jamat Davie 0412 209 696 WAVfRlEV 9565 6666 WAVERLEY H65 6666 Strategic city fringe location Building area: 602.9sm (approx.) 5 Car parking spaces Suit owneroccupier or investor Terms: 10 deposit, balance in 60 days Subject to existing tenancy which expires November 30, 1999 Andrew Dawkins M19317 006 Mark Podgomik 0417 S02S92 MELBOURNE 9872 6666 AAAAAAAAibUUUUUUUULA INVESTMENTS MO BowU Slml Melbourne FORTHCOMING 4 Bourk St, Melbourne AW ntt r-mrvie el InoYtw nRoolMon 0417 IU ISO On, Jenu 0410 SC0 109 DM Nonnan 0410 S4S S11 Bemare 0'Sulllwi 0412 367 PiUrEiini 0412 260 555 Jamas Kaufman 0418 32S 460 John Robinton 0417 143 150 MEISOUrWESS72m( Anthony Wilson 0411 553 147 Nick Brebait) 04t 366 576 ejnign mum SeKUrt I1M A PvnraMilnrw Af InleftpM A Exort ST KILO Com by Som 2Btn Miy im BTStMITMi PRIME OPPORt FUTURE DEVELOI Site: 690w m. jwrox lUSlnMt duii zoning, loou Firrtrter rtotaili ami BE contid Andrew Mtrtot mm 1 Jamiiarla Drihin BH'5riW-Xrl04(rilW5M CLIFTON HILL SURREY HILLS SOUTH YARRA PRAHRAN 19G chapel street 4a 411 CANTERBURY ROAD 176-182 NOONE STREET 383 MALVERN ROAD MOOERN OFFICE SHOWROOM SECURELY LEASED INVESTMENT New 5x5 year lease Irom 1.12.98 Returning $29,000 pa nett Annual 4 increases Building area: 202m' approx Land area: 212.70m!approx REDEVELOPMENT OPPORTUNITY A unique redevelopment, investment or owner occupier opportunity in this highly sought alter location. MODERN OFFICESHOWROOM WAREHOUSE This magnificent main road ollice showroomwarehouse otters the very best Canterbury Road has to provide. Michael Taylor 0419 533 10? letms nin deposit, balance 3060 days I animt i nun 1 1 jun unrr mil 4 SECURE RICHMOND 472 CHURCH STREET INVESTMENTS Tender closing dale Thursday, 24th June, at 3.00 p.m. at the offices of Sutherland Real Estate Under Inttructioni from Mr Andrew Mclellan, Liquidator The Bailtty O'Neill Group (All in Liquidation) C- Carson Mclellan PPfi Three Residential Properties with life tenancies: Mount Waverley Bentleigh East Point Lonsdale TO Bl SOLD AS ONI LOT Four Residential Properties with fixed term leases at peppercorn rentals: Dingley Village Essendon Reservoir Mallacoota TO SOLD AS ONI LOT Excellent Long Term Investment Opportunities AH: Sultmtood 0411 M0 IM, Wdml Meier Mil 471 773 Friday, 28th May at 1.00 p.m.

MOUNT WAVERLEY 325 Stephensons Rd RARE 5 YEAR RETAIL LEASE Enjoying established Mount WavBrley shopping centre location, with significant new development including Franklins Fresh Supermarket and substantial new Liquortand concept store. -Uirti $33,073 4 Annual Increases 5 year Option form Frontage to substantial pubJk carpark, adjacent Safeway store, For further portkiAon contort I AH: Pro $UrW Mil J90 115 MELBOURNE 25-29 Market Lane AVERY EXCITING DEVELOPMENT INVESTMENT OPPORTUNITY Previauily occupied for Restaurant and Entertainment purposes Approximately 725 square metres of existing floor space over various levels with potential to extend fder lUrtoMei Residential Commercial Hospitality Asking Price! $975,000 Contact. AH: Alee Idh 0411 3 407 Pee 040t 0e Prominenl prestigious 3 storey period building in Richmond's most desirable showroom precinct. Building area: 175m! approx Land area' 116m' approx Rear access and paiking Income Irom Australian Posters sign Vacant possession Terms 10 dep. bal 60 days John Carson 0419 379 168 Building area: 200m1 approx.

Land area: 275m' approx. (including 6 car parks) Air condilionedheatedsecurity Zoning: Restricted Business Terms: 10 deposit, bat 60 days Vacant possession Dean Alexander 0408 502 275 3 shops, 1 office To be offered separately Units 1, 2, 3 ft 4, 1057-1059 Burwood Hwy, Ferntree Cully (opp Safeway Development) Highway Exposure Establlitwd tenants Long term leases Market Rents Areas from approx SS.20m2 to 265m2 Ample on she parking Buyer range from 1120,000 to S26O.00O plus HICH YIELDS EXPECTED Inspect Thurs 3.30-4.30 AH Peter Fay 0412 557 767 Marcus Corvibere 0418 526 618 CANTERBURY 241 canterbury rd Land area: 1060m'approx Site dimensions: 1 6 45m 64 43m approx Building area: 850m' approx Zoned Light Industrial Subdivision potential (STCA) Vacant possession Terms: 10 deposit, balance 6 months Impressive frontige ol 1 5.24m (50H) appnn. land area: 660 sqm (7115sqfl)approx. Building area: 930 sqm (9.900 sqlt) appiw. Ample undercovei and oil street paiking Rearaccess vacant possession John Carson 0419 379 168 iriVIHIlrliyH'l UNIQUE RETAIL INVESTMENT A unique two, level Victorian shop dwelling, located in the heart ol Canterbury shopping village.

Rental income $20,000 a nett Comm date: 19 March 1999 Rearaccess 9820 1767 I9A Toorak Rd, South Yarn Don Boulter 04 IN 993 440 Andre Motley 0418 319 443 Malltiew Spring 0419 356 622 Potenlial development site (STCA) tarry Takis 0418 844 558 "I IMI WALLACE COMMiaCIll CAADf .1.