Information Memorandum 24-26 Cubitt Street, Cremorne Gray & Johnson (Melbourne) Pty Ltd Level 9, 30 Collins Street, Melbourne, Victoria, 3000 Telephone: (03) 9654 3022 Facsimile: (03) 9654 2001 Contact: Rory White 0439 655 504 TABLE OF CONTENTS 1. Executive Summary ………………………………………………………….3 2. Introduction ..………………………………………………………………….4 3. Property Description …………………………………………………………5 4. Construction & Finishes ……………………………………………………..7 5. Locational Attributes ……………………………………..………………….9 6. Terms of Sale ………………………………………………………………..11 7. Disclaimer …………………………………………………………………….12 APPENDICES 1. Photographs 2. Floor Plan 3. Location Map 4. Zoning Particulars 2 1.0 EXECUTIVE SUMMARY Property Address: Units 2-7, 24-26 Cubitt Street, Cremorne Location: The property is ideally located, being positioned on the western side of Cubitt Street, between Stephenson & Fitzgibbon Streets, approximately 2 kms east of the CBD. Strategically positioned in Melbourne’s premier creative office district, Cremorne is located just 2 kms east of the CBD. Bound by the Yarra River to the south, Church Street to the east and Swan Street to the north. Building Area: 75 – 275m2 approximately Building Status: Construction to commence June 2015. Method of Sale: Private Sale. Terms of Sale: A deposit of 10% of the purchase price payable on the signing of the Contract of Sale. The balance of the purchase monies are payable at settlement, being 14 days after registration of the title. 3 2.0 INTRODUCTION GrayJohnson is delighted to offer six (6) cutting edge offices at 24-26 Cubitt Street, Cremorne for sale via private treaty. The subject property consists of a brand new architecturally-designed mixed use development, featuring six (6) boutique office suites. The Cremorne office precinct has enjoyed significant rejuvenation with several high profile tenants and occupants moving into the area. These include: 1. Uber Headquarters 2. REA Group 3. Carsales 4. Decjuba 5. Cherry Tree Hotel 24-26 Cubitt Street represents a rare opportunity for an astute owner occupier or investor to purchase a unique office suite in Melbourne’s premier city fringe suburb. We highlight the key features as follows: • Impressive architecturally-designed office development; • Inspired work spaces with lofty ceilings; • Generous outdoor terraces; • Impeccable finishes throughout; • Metres to vibrant Swan Street; • Walking distance to public transport options – tram & train. 4 3.0 PROPERTY DESCRIPTION The subject property will consist of six (6) brand new boutique office suites, ranging from 72 – 115m2. We note that individual office suites can be combined to create larger areas. Each office suite will consist of an open plan work area with high 2.9 metre ceilings, floor to ceiling glass which promotes excellent natural light throughout. Other features include polished concrete floors, generous outdoor terraces, separate kitchen and male and female amenities. Selected offices will be allocated secure off street car parking. Rear units will have western facing city views, with the front units enjoying a vibrant street frontage to Cubitt Street. 5 Price List Suite Office Position Terrace Price Car Park 2 115m2 Fronting Cubitt St 15.44m2 $775,000 Yes 3 72m2 City Views 14.88m2 $480,000 No 4 85m2 City Views 18.69m2 $615,000 No 5 115m2 Fronting Cubitt St 15.56m2 $775,000 Yes 6 72m2 City Views 11.89m2 $480,000 No 7 85m2 City Views 15.23m2 $615,000 No 6 4.0 CONSTRUCTION & FINISHES GENERAL Floors : Polished concrete Carpark : Concrete with white line marking. External Walls : Pre-cast/AFC Internal Walls : Steel stud walls with plasterboard lining to both sides. Paint finish. Water resistant plasterboard to wet areas lined with ceramic tiles, or paint finish. Acoustic insulation to parti-walls. Roof : Metal deck klip-lock Terrace Balustrade : Stainless steel / glass Terraces Floors : Weather-proof outdoor tiling FINISHES Office Areas Flooring : Polished Concrete Walls : Plasterboard painted Ceilings : Plasterboard Skirtings : TBA Windows : Powder coated aluminium finish Amenities Flooring : Selected ceramic tiling Walls : Plasterboard, paint finish generally Ceiling : Plasterboard, paint finish, square set cornices typical Benches : Selected laminate 7 FITTINGS & FIXTURES Amenities Vanity basin: Porcelain Basin Basin taps: Single lever mixer, chrome finish WC: Porcelain pan and cistern. White Toilet roll holder: Single paper holder, chrome finish Kitchen Sink: Stainless steel single bowl with drainer Kitchen taps: Single lever mixer, chrome finish Joinery pulls: Selected pull handle, chrome finish 8 5.0 LOCATIONAL ATTRIBUTES 24-26 Cubitt Street is ideally located, being positioned on the western side of Cubitt Street, between Stephenson and Fitzgibbon Streets. Strategically positioned in Melbourne’s premier creative office district, Cremorne is located just 2 kms east of the CBD. Bound by the Yarra River to the south, Church Street to the east and Swan Street to the north. Cremorne is a medium-sized mixed use suburb with significant commercial areas, which boasts a diverse range of retail including upmarket hospitality venues, together with an eclectic mix of specialty retail along both Swan and Church Streets. It is also ideally positioned close to all modes of public transport including Richmond station (150 metres away), Swan and Church Streets tram junctions and major bus routes along Punt Road. The property is further enhanced by its proximity to arterial roads including Monash M1, Punt Road, Westgate Freeway and the Eastern Freeway. In addition to this, Melbourne’s CBD is only minutes away. Zoning Pursuant to the provisions of the City of Yarra Planning Scheme, the property is included within a “Commercial 2” zone. This zoning is to implement the State Planning Policy Framework and the Local Planning Policy Framework, including the Municipal Strategic Statement and local planning policies. 9 To encourage commercial areas for offices, appropriate manufacturing and industries, bulky goods retailing, other retail uses, and associated business and commercial services. To ensure that uses do not affect the safety and amenity of adjacent, more sensitive uses. Further information is provided in Appendix 4 of this report 10 6.0 TERMS OF SALE A deposit of 10% of the purchase price payable on the signing of the Contract of Sale. The balance of the purchase monies are payable 14 days after registration of the title. For any further information, please contact: Rory White Matt Hoath 0439 655 504 0418 543 714 [email protected] [email protected] Phone : 9654 3022 Fax : 9654 2001 11 7.0 DISCLAIMER This Property Report has been prepared by Gray and Johnson (Melbourne) Pty Limited (ACN 105 127 142) solely for the information of potential purchasers to assist them in deciding whether they are sufficiently interested in the property. The information does not constitute all or any part of an offer or Contract of Sale and is intended only as a guide. The information contained in this report has been prepared in good faith and with due care by Gray and Johnson (Melbourne) Pty Limited. Any projections contained in the report therefore represent best estimates only and may be based on assumptions, which, while reasonable, may not be correct. Potential investors should not rely on any material contained in this report as a statement or representation of fact but should satisfy themselves as to its correctness by such independent investigations as they or their legal and financial advisers see fit. 12 APPENDIX 1.0 PHOTOGRAPHS 13 14 15 EXTERNAL 16 INTERNAL 17 VIEWS 18 APPENDIX 2.0 FLOOR PLAN 19 FIRST FLOOR PLAN TOTAL AREA: 360m TOTAL AREA: 128.93m INTERNAL AREA: 114.81m TERRACE AREA: 14.12m BALCONY AREA:1.44m PROPOSED OFFICE DEVELOPMENT 24-26 CUBITT STREET CREMORNE FIRST FLOOR PLAN TOTAL AREA: 360m TOTAL AREA: 99.37m INTERNAL AREA: 84.49m TERRACE AREA: 14.88m PROPOSED OFFICE DEVELOPMENT 24-26 CUBITT STREET CREMORNE FIRST FLOOR PLAN TOTAL AREA: 360m TOTAL AREA: 103.72m INTERNAL AREA: 85.03m TERRACE AREA: 17.25m BALCONY AREA: 1.44m PROPOSED OFFICE DEVELOPMENT 24-26 CUBITT STREET CREMORNE SECOND FLOOR PLAN TOTAL AREA: 327m TOTAL AREA: 130.37m INTERNAL AREA: 114.81m TERRACE AREA: 14.12m BALCONY AREA:1.44m PROPOSED OFFICE DEVELOPMENT 24-26 CUBITT STREET CREMORNE SECOND FLOOR PLAN TOTAL AREA: 327m TOTAL AREA: 84.49m INTERNAL AREA: 72.60m TERRACE AREA: 11.89m PROPOSED OFFICE DEVELOPMENT 24-26 CUBITT STREET CREMORNE SECOND FLOOR PLAN TOTAL AREA: 327m TOTAL AREA: 86.47m INTERNAL AREA: 71.24m TERRACE AREA: 13.79m BALCONY AREA: 1.44m PROPOSED OFFICE DEVELOPMENT 24-26 CUBITT STREET CREMORNE APPENDIX 3.0 LOCATION MAP 20 Melway Ref: 44 D11 21 APPENDIX 4.0 ZONING PARTICULARS 22 Property Report Page 1 of 2 Property Report from www.land.vic.gov.au on 14 April 2015 09:41 AM Address: 24 CUBITT STREET CREMORNE 3121 Lot / Plan: This site has 2 parcels. See table below. SPI (Standard Parcel Identifier): See table below. Local Government (Council): YARRA Council Property Number: 164245 Directory Reference: Melway 2G H10 This property is not in a designated bushfire prone area. No special bushfire construction requirements apply. Planning provisions may apply. Further information about the building control system and building in bushfire prone areas can be found in the Building Commission section of the Victorian Building Authority website www.vba.vic.gov.au Parcel Details Lot/Plan or Crown Description SPI Lot 1 TP666237 1\TP666237 Lot 1 TP838033 1\TP838033 State Electorates Legislative Council: NORTHERN METROPOLITAN Legislative Assembly: RICHMOND Utilities Rural Water Business: Southern Rural Water Metro Water Business: City West Water Melbourne Water: inside drainage boundary Power Distributor: CITIPOWER (Information about choosing an electricity retailer) Planning Zone Summary Planning Zone: COMMERCIAL 2 ZONE (B3Z) Planning Overlay: CITY LINK PROJECT OVERLAY (CLPO) Further Planning Information Planning scheme data last updated on 9 April 2015. A planning scheme sets out policies and requirements for the use, development and protection of land. This report provides information about the zone and overlay provisions that apply to the selected land. Information about the State, local, particular and general provisions of the local planning scheme that may affect the use of the land can be obtained by contacting the local council or by visiting Planning Schemes Online This report is NOT a Planning Certificate issued pursuant to Section 199 of the Planning & Environment Act 1987. http://services.land.vic.gov.au/landchannel/content/propertyReport?reportNo=1&repo... 14/04/2015 Property Report Page 2 of 2 It does not include information about exhibited planning scheme amendments, or zonings that may abut the land. To obtain a Planning Certificate go to Titles and Property Certificates The Planning Property Report includes separate maps of zones and overlays For details of surrounding properties, use this service to get the Reports for properties of interest To view planning zones, overlay and heritage information in an interactive format visit Planning Maps Online For other information about planning in Victoria visit www.dpcd.vic.gov.au/planning Area Map Copyright © - State Government of Victoria Disclaimer : This content is provided for information purposes only. No claim is made as to the accuracy or authenticity of the content. The Victorian Government does not accept any liability to any person for the information provided. Read the full disclaimer at www.land.vic.gov.au/home/copyright-and-disclaimer http://services.land.vic.gov.au/landchannel/content/propertyReport?reportNo=1&repo... 14/04/2015
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