ICON. A Melbourne Bayside FOR SALE BEACONSFIELD PARADE CNR VICTORIA AVENUE + IN

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1 FOR SALE + IN BEACONSFIELD PARADE CNR VICTORIA AVENUE A Melbourne Bayside ICON + FOR SALE BY INTERNATIONAL EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 15TH MARCH 2017 AT 3.00PM

2 + IN BEACONSFIELD PARADE CNR VICTORIA AVENUE BUY LAND. THEY RE NOT MAKING IT ANYMORE. MARK TWAIN...And certainly not beachfront land in the heart of the world s most liveable city. But today CBRE Victorian Retail Investments has great pleasure in offering you such an opportunity; an expansive landholding of 1712sqm* in one of Melbourne s most sought after suburbs, Albert Park. 97 Beaconsfield Parade and 189 Victoria Avenue are situated within 4km of Melbourne s CBD, on a prime retail corner with the sparkling waters of Port Philip Bay to one side and the bustling shopping strip of what s affectionately known as Vic Ave, to the other. Offered for the first time in 15 years, this is your chance to not only acquire a landholding expansive in size but also opportunity. Flexible zoning opens up a huge scope for development with the prospect to capitalise and grow in whichever way you choose. Re-develop all or part of both buildings or retain their existing uses and enjoy an attractive yield with secure, capital growth. Whatever is in your sights, this offering possesses all the elements of an extraordinary investment and is a world-class opportunity to make your mark in Melbourne s exclusive seaside suburb of Albert Park. MIDDLE PARK $2,027,500 ** ST KILDA $1,001,000 ** ELWOOD $1,681,750 ** ALBERT PARK $1,675,000 ** REAR LANEWAY ACCESS ALBERT PARK PIER ALBERT PARK BEACH TOTAL LAND AREA 1,713sqm* Beaconsfield Parade 2 1 MELBOURNE CBD 4KM* TRAM STOP DIRECTLY OUTSIDE Victoria Avenue ** REALESTATE.COM.AU

3 BEACONSFIELD PARADE BLEAKHOUSE LANE 31.27M* 10.69M* M* 1,283 SQM* + 32 GAMING MACHINES 430 SQM* 32.50M* 10.68M* HIGH PROFILE SITE GIVEN THREE (3) STREET FRONTAGES INCLUDING THE FAMOUS BEACONSFIELD PARADE VICTORIA AVENUE 1 The Beach Hotel Iconic bayside corner with vast street frontages to both Beaconsfield Parade and Victoria Avenue Two (2) storey freehold building providing in excess of 1,850sqm GLA, spanning over vast land area of 1,283sqm There are 32 electronic gaming machines that are licensed on site (as property of the lessee) New 7 year net lease with fixed annual increases of 3% Net Annual Income of $610,000 + GST Development clause in lease providing maximum flexibility 2 Foodworks Supermarket ALBERT PARK Immediately adjoining the Beach Hotel is a freestanding Foodworks Supermarket Spanning over 387sqm* GLA, spread over a land area of 430sqm* Directly opposite the Albert Park Bayside Tram Stop New 10 year net lease with fixed annual increases of 4% Net Annual Income of $148,500 + GST Development clause in lease providing maximum flexibility PROPERTY 1 (THE BEACH) AND PROPERTY 2 (FOODWORKS SUPERMARKET) ARE BEING OFFERED FOR SALE INDIVIDUALLY, OR TOGETHER IN ONE LINE

4 FULLY LICENSED LARGE OUTDOOR SEATING AREA SCENIC ALBERT PARK PIER ST KILDA BEACH 3KM* Melbourne s fundamental strengths never wane. With population on the rise, housing demands increasing and an 89% clearance rate* this year for Albert Park alone, indicators show a high demand for this exclusive suburb and a future scope for development across all sectors that support this growing community SURROUNDED BY POPULAR CAFES AND RESTAURANTS 43.18M* FRONTAGE ONTO BUSY VICTORIA AVENUE MELBOURNE CBD 4KM* AWAY SURROUNDED BY POPULAR BEACHSIDE ATTRACTIONS

5 MELBOURNE CBD 4KM* ALBERT PARK LAKE ANDREW S HAMBURGERS MELBOURNE SPORTS & AQUATIC CENTRE VICASIA THE VINCENT THE PETTY OFFICER 15 LEVEL EXISTING BUILDING Victoria Avenue CAFE SAIGON PHILLIPSON STREET 5 LEVEL DEVELOPMENT Beaconsfield Parade BEACH PLAYGROUND ST KILDA BEACH 3KM* ALBERT PARK BEACH PORT MELBOURNE BEACH 1.2KM* Whatever is in your sights, this offering possesses all the elements of an extraordinary investment and is a world-class opportunity to make your mark in Melbourne s exclusive and tightly held seaside suburb of Albert Park.

6 City skyline on one side Unrestricted waterfront views to the other side and Albert Park Lake in between It s no wonder that Albert Park is considered one of the most sought after suburbs in the country CURRENT VIEW FROM LEVEL ONE OF THE BEACH HOTEL FOR SALE BY INTERNATIONAL EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 15TH MARCH 2017 AT 3.00PM FOR MORE INFORMATION PLEASE CONTACT THE EXCLUSIVE SALES AND MARKETING AGENTS: MARK WIZEL mark.wizel@cbre.com.au JUSTIN DOWERS justin.dowers@cbre.com.au BIANCA BUTTERWORTH bianca.butterworth@cbre.com.au SCOTT CALLOW scott.callow@cbre.com.au *Approximately. The information in this document is general in nature and is a guide only. It does not take into account your individual circumstances. Before acting you should check the accuracy of the information and seek your own independent financial and legal advice. The information must not be relied upon to make any investment decisions. The principal and its agent will not be liable for your failure to verify the information or seek appropriate advice.