Dawkins Occhiuto are delighted to offer for Sale by Auction, 48 Wilson Street, South Yarra – a sensational property that will suit Owner Occupiers, Developers and Investors.

Ideally located within the South Yarra Activity Zone with direct proximity to the Jam Factory and Chapel Street, the property currently comprises a beautifully refurbished creative office that provides significant potential for a multi-level Office or Residential development (STCA).

Keys features include:

• Creative office building of 304 sqm* plus 4 car spaces
• Funky open plan fit out with boardroom, meeting room & amenities
• Superb dual frontage site of 401 sqm*
• Access provided from Wilson and Ellis Streets
• Zoned Activity Centre – Schedule 1
• Potential for multi-level Office or Residential development (STCA)
• Preliminary planning report has been prepared by Pro Urban
• Developments in the surrounding area are up to 9 levels
• Short term net income of $160,000 p.a.* plus GST & outgoings
• 200m* from the bustling Chapel Street and Jam Factory
• Excellent public transport with Hawksburn and South Yarra Train Stations a short walk and Trams along Chapel Street
• The property will suit Owner Occupiers, Investors & Developers

*approx.

To arrange an inspection or for a copy of the IM please contact the exclusive selling agents at Dawkins Occhiuto.

Dawkins Occhiuto is pleased to present for sale 1 East Ridge Drive, Chirnside Park. A well-presented three-level office and retail development constructed in 2009 upon a high-exposure Commercial 1 Zoned site.

The property provides a high quality working environment and on-site amenity rarely found in the suburban market, catering to local demand with quality office spaces and retail dining precinct.

The property occupies a high exposure corner position along Maroondah Highway opposite Chirnside Park Shopping Centre and surrounded by Reading Cinemas and convenience retail. It forms part of the Eastridge estate, an emerging mixed use precinct with significant future development planned, including the proposed repurposing of the former Kaufland site directly opposite into a large format retail centre with retail pad sites.

The property is 97% occupied with 2.1 year WALE (as at 1 July 2021). Retail occupants include Platinum Restaurant, The Precinct Bar, Zero95 Woodfire Pizza, and The Bosses Boots Café. Major office tenants include the Commonwealth Government (Tony Smith MP), The Field Group, Victorian Aboriginal Childcare Cooperative Agency (VACCA), La Trobe Community Heath Service (NDIS provider).

The property presents a unique opportunity to benefit from existing income while adding value either through active management or further development (STCA).

The property features:

• Total lettable area of 4,429 sqm*
• Large Commercial 1 zoned site of 1.42 Ha* (including common area lake)
• Corner position and over 170 metres frontage to Maroondah Highway
• Lakeside dining precinct featuring two restaurants, bar and café
• Office spaces catering to tenants of all sizes
• Large 220 space at-grade car park (5:100 sqm of NLA)
• 97% occupied with 2.1 year WALE
• Diverse tenancy profile with no single tenancy area above 17% of NLA
• Passing net income of approximately $1.25 million

*approx.

Strategically positioned office investment underpinned by strong underlying land value and flexible zoning supporting extensive future re-development prospects (STCA).

The property is an existing 3 level office building fronting Victoria Street and overlooking the Yarra River. Situated on a 3,459 sqm* parcel of Commercial 1 zoned land , the site lends itself to a future residential apartment development (STCA).

• Net  Lettable Area: 3,747 sqm*
• Site Area: 3,459 sqm* (40m Yarra River frontage)
• Planning: Commercial 1 Zone – City of Yarra Planning Scheme
• Car Parking: 115 spaces
• Estimated Income: Net Passing $1,633,226 p.a. net*
• Tenancy: The property is fully leased to four (4) tenants with a WALE of approximately 2 years.

*approx.

Dawkins Occhiuto is pleased to offer a premium inner western Melbourne cold storage and blast freezing facility, which is 100% leased to Austco Polar a subsidiary of ASX listed Wingara AG Ltd (ASX:WNG).

Key investment highlights include:

• Austco Polar a subsidiary of ASX listed company
• Passing income of $1,921,748 p.a., approx. (as at Aug 2021)
• Strong fixed rental growth of 3.5% p.a.
• Premium industrial precinct – close proximity to Port
• Strategic land holding with dual street frontage

In conjunction with JLL.