3/21 Edgewater Boulevard, Maribyrnong
Auction Friday 28th April 2017, On Site
INFORMATION MEMORANDUM
Contents
Introduction 3 Executive Summary 4 Location 5 Quick Facts 6 Key Attributes 7 Property Description 8 Sale Process 9 Appendix 1: Certificate of Title 10 Appendix 2: Plan of Subdivision 11 Appendix 3: Planning Scheme 12
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Introduction Comac Retail Property Group are pleased to be auctioning the property situated at Shop 3, 21 Edgewater Boulevard, Maribyrnong.
This prominent corner retail shop comprises an area of 127.5m2 (approx.)
The property is zoned within a comprehensive development zone and is ideally suited for a variety of retail uses. A butcher most recently occupied this property and successfully traded for a long period of time before they finally outgrew the size of the store and are relocating to another location.
The Edgewater Estate was developed by Delfin / Lend Lease and comprises a fully master planned community bound by the Maribyrnong river, and Gordon Street, Maribyrnong.
A number of the property’s outstanding attributes include:
> Vacant possession of the shop to allow for a variety of uses (STCA);
> Substantial existing infrastructure and public transport network including bus and tram routes along
Gordon Street with 6 train stations nearby on 3 separate lines;
> Excellent freeway access including Princes Highway and CityLink; and
> The Comprehensive Development Plan has been carefully planned to help ensure the success of the location.
We have no hesitation in recommending this offering for your further consideration.
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Executive Summary
DESCRIPTION This prime corner retail space is strategically located within the Edgewater Estate in Maribyrnong comprises a lettable area of 127m2*. Suitable for a variety of uses including retail, commercial, medical (STCA).
LOCATION The retail space is located on the north side of Edgewater Boulevard, Mariyrnong which intersects Gordon Street between Ballarat Road to the south and Aquatic Avenue to the north and is situated approximately 8kms north‐west of Melbourne’s Central Business District. The Victoria University and Flemington Racecourse and Maribyrnong River are in the immediate vicinity.
*approx.
MARKETING AGENTS
Paul Mason M 0400 922 390 E [email protected]
Office Level 1, 169 Moray Street, South Melbourne VIC 3205 Phone 03 9998 0000 Web comac.com.au
PROPERTY 3/21 Edgewater Boulevard,
Maribyrnong
TITLE PARTICULARS Parent Title
Volume 10965 Folio 935
PLAN Lot 3 on Plan 602161V
SITE AREA 127m2*
ZONING CD2
METHOD OF SALE Auction Friday 28th April 1pm on site approx.*
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Location Situated at the entrance to the Edgewater Estate, this prime shop is located on the north side of Edgewater Boulevard, Maribyrnong. The Edgewater Estate is located approximately 8 kilometres north‐west of Melbourne Central Business District.
Surrounding properties within this locality include Aldi together with a mixture of retail, commercial and residential properties of varying ages, sizes, styles, used for a variety of different purposes.
The Edgewater Estate was developed by Lend Lease in the mid 2000’s and offers easy access to Melbourne CBD, Footscray CBD and Footscray hospital and is surrounded by Parks, a marina, Flemington Racecourse and Melbourne Showgrounds. The Estate overlooks the Maribyrnong river.
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*
HIGHPOINT SHOPPING CENTRE
FLEMINGTON RACECOURSE
FOOTSCRAY VIC UNIVERSIITY
SUBJECT PROPERTY
FOOTSCRAY HOSPITAL
Quick Facts
MARIBYRNONG ‐ COMMUNITY PROFILE
Population 83,515
Median Age 32
(SOURCE: WWW.PROFILE.ID.COM.AU/)
POPULATION FORECAST
In 2011, the total population of Maribyrnong was estimated to be 75,154 people. It is expected to increase by over 81,136 people to 156,290 by 2041, at an average annual growth rate of 3.1% approx.
(SOURCE: WWW.FORECAST.ID.COM.AU/)
83,515 3,120 Hectares (31.2km2)
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Key Attributes
The prime retail space is located on the northern side of Edgewater boulevard, Maribyrnong forming
part of the Edgewater Neighbourhood Activity Centre. The shop is regular in shape being 7.77m x
16.41m. The property was completed approximately 10 years ago and constructed of primarily of
concrete. It is a single story property.
Property attributes include:
> Modern 127 square metre corner retail store;
> The location is easily accessible via arterial road connections including Princes Highway, Ballarat Road and Citylink;
> The area is well served by public transport with Railway Station and frequent bus services
along Gordon Street, Maribyrnong;
> Medium/high density residential is located within the Edgewater Estate;
> Generous car parking immediately in front of the property; and
> Next to an Aldi supermarket.
SUBJECT SITE
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Property Description TITLE DETAILS The subject property is contained within the Title Volume 10965 Folio 935 on Title Plan 6021614 Lot 3.
SITE DETAILS The subject site is regular in shape being 7.77m x 16.41m approx.
The retail space is tenancy 3 on the plan shown below.
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Sales Process METHOD OF SALE
3/21 Edgewater Boulevard, Maribyrnong is being offered for sale with vacant possession by Public Auction to be conducted at 1pm on Friday 28th April 2017.
TERMS OF SALE
A deposit, equivalent to 10% of the sale price, is payable at the exchange of Contract of Sale at the completion of the Auction. Balance of the purchase price is payable 30/60 days from the date of sale.
ADDITIONAL INFORMATION
Additional information, including Contract of Sale, Vendor Statement and copy of Plans are available upon request.
Marketing Agents will arrange for site inspections upon request. Please do not hesitate to contact the Marketing Agents with any further queries.
MARKETING AGENTS
Paul Mason M 0400 922 390 E [email protected]
DISCLAIMER: The material herein is intended as a guide only, no liability for negligence or otherwise is assumed for the material contained herein either by Comac Retail Property Group (including its related bodies corporate), its principal or its servants or agents. No material contained herein shall form the basis of or be part of any agreement and no warranty is given or implied as to the accuracy of the whole or any part of the material. Prospective purchasers should not only rely on the material but should make their own enquiries and satisfy themselves as to the accuracy of all aspects of the material. Any liability by Comac Retail Property Group, its principal, its servants or its agents in any way connected with the schedule, whether or not such liability results from or involves negligence, will not exceed $1,000.
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Certificate of Title
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Plan of Subdivision
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Planning Scheme
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