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.
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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
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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
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