1 & 3 Wallace Avenue, Point Cook

Size: px

Start display at page:

Download "1 & 3 Wallace Avenue, Point Cook"

Anis Lang
6 years ago
Views:

1 1 1 & 3 Wallace Avenue Point Cook INFORMATION MEMORANDUM 1 & 3 Wallace Avenue, Point Cook For Sale by Tender Closing 16 th April 2008 at 4pm

2 2 1 & 3 Wallace Avenue Point Cook CONTENTS 1. Introduction Executive Summary Location Property Particulars... 7 Site Design Title Zoning Improvements 5. Tenancy Details Terms of Tender Disclaimer APPENDICIES 1. Plan of Subdivison 2. Extract of Planning Scheme 3. Planning Permit 4. Building Plans

3 1 & 3 Wallace Avenue Point Cook INTRODUCTION CVA Property Consultants have great pleasure in offering this new blue chip investment service station and new vacant freehold, fully fitted car wash

3 3 1 & 3 Wallace Avenue Point Cook INTRODUCTION CVA Property Consultants have great pleasure in offering this new blue chip investment service station and new vacant freehold, fully fitted car wash located at 1 & 3 Wallace Avenue Point Cook. Theses properties are to be offered separately or as a whole for Tender closing on Wednesday, 16th April 2008 at 4pm. This is an excellent opportunity to take advantage of purchasing a brand new service station and car wash with excellent possible depreciation benefits located in one of the fastest growing residential areas of Melbourne. The site known as 1 Wallace Avenue is leased to United Petroleum Pty Ltd on year lease. United are well established with over 200 retail outlets throughout Australia making the company the largest independent oil retailer in Australia. An extensive fit out has been completed for United that will remain with the property and provide substantial depreciation benefits for the discerning buyer. The corner location allows substantial exposure and allows quick access to the adjacent Geelong Freeway. The car wash known as 3 Wallace Avenue will be completed as a modern state of the art facility. The equipment is included in the sale and is provided by Prowash Australia one of the leading distributors of quality car wash equipment and supplies. The plan includes 4 manual wash bays, 1 touch free automatic wash bay, vacuum cleaners, change and product dispensers. The property will be offered vacant possession allowing the successful buyer to either rent or operate a fully fitted car wash. Rarely do properties of this calibre and location become available and CVA Property Consultants strongly recommend your serious consideration of this absolutely first class offering.

4 4 1 & 3 Wallace Avenue Point Cook EXECUTIVE SUMMARY EXECUTIVE SUMMARY Property: Improvements: 1 Wallace Avenue Point Cook New Service Station comprising a convenience store with counter, fridges, freezer, floor coverings, light fittings, air conditioning. External includes 4 underground petrol tanks, 1 LPG gas tank, underground pipes, extensive concrete hard stand and canopy area Building Area: Convenience store 312m2* Canopy 475m2* Land Area: 2 878m2* Zoning: Rental: Industrial 3 under Wyndham Planning Scheme. $200,000 per annum net Lease Terms: Ten (10)+Five (5)+Five (5)Years commencing February 2008 Reviews: Security Deposit: Tender Terms: Annual CPI Increases Equal to Three Months Rent 1% deposit by bank cheque on submission of tender to the offices of CVA Property Consultants Pty. Ltd. At Russell Street Melbourne A further 9% by bank cheque on acceptance of tender Balance 60 Days Tender Date and Time: Wednesday 16th April 2008 by 4 pm TO BE OFFERED SEPARATELY OR AS A WHOLE *Approximately.

5 5 1 & 3 Wallace Avenue Point Cook Property: Improvements: 3 Wallace Avenue Point Cook New Car Wash comprising 4 manual bays, 1 automatic bay, 4 vacuum bays, tiles and Prowash equipment Building Area: Wash Bays 180m2* Land Area: 1268m2* Store/machine room 36m2* Zoning: Rental: Tender Terms: Industrial 3 under Wyndham Planning Scheme. Vacant Possession 1% deposit by bank cheque on submission of tender to the offices of CVA Property Consultants Pty. Ltd. At Russell Street Melbourne A further 9% by bank cheque on acceptance of tender Balance 60 Days Tender Date and Time: Wednesday 16th April 2008 by 4 pm TO BE OFFERED SEPARATELY OR AS A WHOLE *Approximately

6 1 & 3 Wallace Avenue Point Cook LOCATION The properties are located on the corner of Wallace Avenue, Forsyth Road and Boardwalk Boulevard Point Cook

6 6 1 & 3 Wallace Avenue Point Cook LOCATION The properties are located on the corner of Wallace Avenue, Forsyth Road and Boardwalk Boulevard Point Cook immediately adjacent to the Geelong Freeway and the west bound Point Cook off ramp. A new off ramp under construction will allow access from Wallace Avenue.

7 7 1 & 3 Wallace Avenue Point Cook PROPERTY PARTICULARS SITE DETAILS 1 WALLACE AVENUE POINT COOK Service Station Frontage to Wallace Avenue: Frontage to Boardwalk Boulevard: Frontage to freeway off ramp: metres* metres* metres* Land Area: 2 878m2* TITLE PARTICULARS Certificate of Title Lot 14 0n Plan of subdivision H Volume Folio 407 A plan of subdivision is attached as (Refer appendix 1) 3 WALLACE AVENUE POINT COOK Car Wash Frontage to Wallace Avenue: Frontage to freeway off ramp: metres* metres* Land Area: 1268m2* TITLE PARTICULARS Certificate of Title Lot 13 0n Plan of subdivision H Volume Folio 407 A plan of subdivision is attached as (Refer appendix 1) ZONING The properties are under an Industrial 3 Zone and are within the Wyndham Planning scheme. (Refer appendix 2 *Approximately

Fittings include: 4 X 55,000 litre underground petrol tanks 1 X 30,000 litre LPG gas tank Underground pipes

8 8 1 & 3 Wallace Avenue Point Cook IMPROVEMENTS 1 WALLACE AVENUE POINT COOK Service Station New building including convenience store, canopy area and concrete driveways. Fittings include: 4 X 55,000 litre underground petrol tanks 1 X 30,000 litre LPG gas tank Underground pipes Canopy Concrete driveways Convenience Store: Ceiling Light fittings Floor coverings Air conditioning 9 door cool room Freezer FPG counter Toilet Sink Basin

9 9 1 & 3 Wallace Avenue Point Cook 3 WALLACE AVENUE POINT COOK Car Wash New 5 bay car wash including 4 manual bays, 1 automatic bay, 4 vacuum bays, machine room, wall tiles and concrete driveways. Fittings include: 1 x Prowash S/S tank system includes HP wax and clear coat with tri colour foam brush 4 x L.P. Dual function manifold 4 x Dual Z booms 4 x 10 position touch steel doors 4 x S/S meter box hull 4 x S/S coin vault hull 4 x S/S door & lock for vault 1 x Twin tank water softener 1. 1/2 1 x RO unit 3600GPD & 900 lt tank 2 x Single vac vortec S/S dome 2 x Turbo vac fragrance combo 1 x Spare parts kit Aust 4 x installation kit 4 bay 1 x Supersat soaps include 1 x clear coat and salt for softener 1 x 5 Column Frag. Tree Vendor (elec) including 864 trees 1 x 3 Column electronic vendor including 3 x 100 sachets 1 x Quick change note vendor QC x Heating system R280 pump/tank 1 x Air compressor three phase 22 CFM horizontal 1 x Freight 20ft installation handling and delivery 4 x Installation 4 x Steel boxes to cast in the wall 1 x Laserwash M5 including S/S bridge 1 x Trolley, virtual treadle and CAT pump 1 x Stainless steel wall mount x Stainless steel 24ft rails

10 1 & 3 Wallace Avenue Point Cook Car wash fittings continued 1 x high pressure u/carriage and side 1 x Solution package and 2 presoaks 1 x LED in bay instruction guide 1 x Image package vertical

x Reclaim plumbing kit 1 x LED light entrance sign 1 x Entrance clear sign 1 x Wash activation interface 1 x Wash activation software 1 x Entry system notes/coin/change 1 x Installation kit 1 x M5

10 10 1 & 3 Wallace Avenue Point Cook Car wash fittings continued 1 x high pressure u/carriage and side 1 x Solution package and 2 presoaks 1 x LED in bay instruction guide 1 x Image package vertical pump covers 1 x Productivity rinse 1 x 3X colour foam applicator 1 x Interface output kit 1 x Festoon extension kit 3X & wprod 1 x On board solution heater 10KW 1 x Spot free delivery system 10GPM 1 x Reclaim plumbing kit 1 x LED light entrance sign 1 x Entrance clear sign 1 x Wash activation interface 1 x Wash activation software 1 x Entry system notes/coin/change 1 x Installation kit 1 x M5 customer spare parts kit 1 x Installation 1 x freight 40ft container 1 x Soap start up kit 1 x Mains pressure pumping system including Hydrovar 1 x PC, modem and 12 months broadband 1 x Purclean recycle system

11 11 1 & 3 Wallace Avenue Point Cook TENANCY DETAILS A summary of the principle lease terms are as follows: Tenant: United Petroleum Pty Ltd (ACN ) Lease Term: Ten (10) Years from February 2008 Further Term: Rental: Security Deposit Rental Reviews: Two further terms of Five (5) Years $200,000 per annum plus GST & Outgoings Equal to Three (3) months rent Annual CPI Increases with provision for a market review at the commencement of each further term. Outgoings Payable by Tenant: Council & Water Rates, Body corporate including Building Insurance, Repairs & Maintenance, and Land Tax (on a single holding basis). The above tenancy information is provided as a guide only and we recommend intending purchasers refer to copy of the lease in order to verify actual lease details. A copy of the lease is available from the selling agents.

12 12 1 & 3 Wallace Avenue Point Cook TERMS OF TENDER The property is for sale by Tender on Wednesday, 16th April 2008 by 4 pm. Tenders are to be delivered to the offices of CVA Property Consultants Russell Street Melbourne and close at 4pm. Terms of Sale are as follows: TO BE OFFERED SEPARATELY OR AS A WHOLE > 1% Initial Deposit by bank cheque made payable to CVA property Consultants Pty. Ltd. Trust Account No. 2 with the tender > 9% Balance of Deposit by bank cheque made payable to CVA Property Consultants Pty. Ltd. Trust Account No. 2 on acceptance > Balance payable within 60 Days or earlier by agreement Further details or an inspection may be arranged through the marketing agent below. CVA Property Consultants Pty Ltd Russell Street, Melbourne Phone: Facsimile Ennio Ciuffetelli ennio@cva.net.au Anthony Carbone anthony@cva.net.au

13 13 1 & 3 Wallace Avenue Point Cook DISCLAIMER This report has been compiled on the basis of information available. Though efforts have been made to verify or establish the accuracy of the material, it is not possible to warrant that it is accurate. Some predictions are estimates only and necessarily based on assumptions which may not occur. Potential purchasers should make their own independent enquiries with regard to all the information contained in this report. The report is intended to be general information only and will not form part of any contract nor is it to be taken as any form of any representation, warranty or inducement. The sole purpose and basis of the provision of this report is for persons to decide if they wish to proceed with the enquiries in connection with the property. The Vendor, it s Agents and Representatives do not accept any responsibility for and will not be liable in respect of any of the contents of this report.

14 14 1 & 3 Wallace Avenue Point Cook APPENDIX 1 APPENDIX 2 APPENDIX 3 APPENDIX 4 PLAN OF SUBDIVISION EXTRACT OF PLANNING SCHEME PLANNING PERMIT BUILDING PLANS

15 15 1 & 3 Wallace Avenue Point Cook

16 16 1 & 3 Wallace Avenue Point Cook

17 17 1 & 3 Wallace Avenue Point Cook

18 18 1 & 3 Wallace Avenue Point Cook

19 19 1 & 3 Wallace Avenue Point Cook

20 20 1 & 3 Wallace Avenue Point Cook

21 21 1 & 3 Wallace Avenue Point Cook

17-21 Oxenham Street. Dudley Park SA 5008 INFORMATION MEMORANDUM FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 12 JULY 2017 AT 12:00PM (ACST)

17-21 Oxenham Street. Dudley Park SA 5008 INFORMATION MEMORANDUM FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 12 JULY 2017 AT 12:00PM (ACST) 17-21 Oxenham Street Dudley Park SA 5008 INFORMATION MEMORANDUM FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 12 JULY 2017 AT 12:00PM (ACST) Contents 01 EXECUTIVE SUMMARY 4 02 LOCATION 6 04 METHOD