Latest news

Excellent Main Road Showroom/Warehouse SOLD

[Friday, January 20, 2012]

78 Hume Highway, Somerton

CVA Property Consultants have sold a main road showroom/warehouse located at 78 Hume Highway, Somerton.

The property was sold to a private investor for $910,000.00 who was looking for an investment with excellent main road exposure.

The Industrial 1 zoned building of approximately 825m2 featured a clean span warehouse, rear access with roller door and 14 car spaces as well as immediate access to Hume Freeway and close proximity to Roxburgh Park Railway Station.

Sales and Leasing Executive, Craig McKellar has said has said ‘CVA was confident that this well presented main road property would attract attention from either an investor or owner/occupier.’

For further enquiries please contact Craig McKellar on 0431 892 780 or Leo Mancino on 0418 343 147 from CVA Property Consultants.

Auction: Brand New 11 Year Lease to KFC Restaurant and Drive-Thru in Strategic Main Road Location

[Wednesday, January 18, 2012]

1219-1221 Point Nepean Road, Rosebud

CVA Property Consultants are set to auction a freehold investment operating as KFC restaurant and drive-thru located at 1219-1221 Point Nepean Road, Rosebud on Friday 24th February 2012 at 12pm on site.

The property is leased on a brand new term of eleven (11) + five (5) + five (5) years which commenced in September 2011 and returns $219,035.00 per annum.

The property is strategically positioned on the corner of Point Nepean Road and Third Avenue in Rosebud. Point Nepean Road is essentially the primary thoroughfare servicing the Mornington Peninsula. The area is further enhanced by the new $759 million dollar Peninsula Link project.

The site neighbours McDonald’s, Caltex Safeway, Subway, Retravision and Aldi, and is just a short walk from Rosebud Plaza, anchored by Kmart, Target, Coles and Woolworths.

Across the road and extending down to the beach foreshore are a number of attractive parks, reserves, sporting and community facilities.

This recently refurbished purpose built KFC fast food restaurant and drive-thru facility of approximately 232 square metres is positioned on approximately 1,717 square metres of Residential 1 zoned land, featuring a frontage to Point Nepean Road of approximately 31.5 metres.

Auction: Friday 24th February 2012 at 12pm on site
Sale Terms: 10% deposit, balance 60 days

Sales and Leasing Executive, Daniel Chessum has said ‘This is a quality investment property in a prime location in one of the largest beachside commercial centres on the Mornington Peninsula and CVA is confident that this will attract a great deal of enquiry. Enhanced by depreciation taxation benefits and future development potential this property is ideal for the astute investor.’

For further enquiries please contact Daniel Chessum on 0432 733 399 or Ian Angelico on 0418 336 088 from CVA Property Consultants.

Large Industrial Facility within Sought After Airport Precinct Sold!

[Tuesday, January 17, 2012]

7 Tarmac Drive, Tullamarine

CVA Property Consultants have sold a large stand alone office/warehouse located at 7 Tarmac Drive, Tullamarine.

The property was sold to a local freight forwarder for $1,200,000.00.

The substantial office/warehouse of 1,200m2* erected on 1,865m2* of Business 3 zoned land featured a fully air-conditioned two level office, kitchen, high clearance warehouse and ample on-site parking.

Located close to Tullamarine Freeway, Western Ring Road, Calder Freeway, Hume Freeway, Melbourne Airport and Essendon Airport, the property was ideal for logistical efficiency.

Joint Managing Director, Anthony Carbone has said has said ‘The Tullamarine airport precinct attracts strong demand from owner/occupiers. CVA was confident that a property of this quality and size in such an ideal location would attract such demand.’

For more information contact Anthony Carbone on 0488 440 190 from CVA Property Consultants.

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Sold at Auction for $180,000.00 Above the Vendor's Reserve

[Thursday, December 15, 2011]

350-354 Arden Street, Kensington

Industrial Freehold - Stand Alone Office/Factory/Warehouse

CVA Property Consultants have sold an office/factory/warehouse located at 350-354 Arden Street, Kensington via Public Auction on Thursday 15th December 2011.

The property was previously occupied by Peacock & Smith Marine and Industrial Engineering Company, and was sold for the first time in 39 years to a private investor for $1,030,000.00, exceeding the vendor’s reserve by $180,000.00.

The property featured a land area of 563m2* with 2 certificates of title. The building of 655m2* comprised a factory/warehouse of brick construction, offices, roller shutter door and rear right of way access.

The location was within Melbourne’s city fringe, close to all forms of public transport including Kensington Railway Station and featuring ease of access to many main roads and arterials including Citylink (via Dynon Road).

Associate, Marc Carbone stated that ‘CVA was confident that the city fringe location would attract strong interest. Throughout the campaign, as envisaged, the property attracted excellent enquiry. On the day of the auction there were approximately 50-60 people in attendance with the successful purchaser fighting off 4 other bidders. At present, CVA has a number of buyers looking for similar inner city warehouse properties.’

For further enquiries please contact Marc Carbone on 0417 101 337 or Ian Angelico on 0418 336 088 from CVA Property Consultants.

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Brand New Mooroolbark SUPERCLINIC Investment Sold for 7.2% Yield!

[Friday, December 02, 2011]

108 Brice Avenue, Mooroolbark

CVA Property Consultants have recently sold a main road medical investment for 7.2% yield, $4,150,000.00.

The property is leased to Mooroolbark Superclinic Pty Ltd on a term of ten (10) + ten (10) years which commenced 25th March 2011. The property returns $300,000.00 per annum with annual rental increases.

Mooroolbark Superclinic Pty Ltd are a division of Sonic Healthcare, one of the world's largest medical diagnostics companies with over 25,000 employees in Australia, New Zealand, the United Kingdom, Germany, Switzerland, Belgium, Ireland and the USA..

This brand new medical clinic of 590m2* featured a permit for 10 medical practitioners and the corner location offered multiple access points and ample on site parking.

Associate, Christopher Anderson has said ‘Prominent main road investments are always highly sought after. With annual increases this quality medical clinic was sure to impress.’

For further enquiries please contact Christopher Anderson on 0418 116 188 or Ian Angelico on 0418 336 088 from CVA Property Consultants.

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Sold at Auction: Stand Alone Office/Showroom/Warehouse

[Thursday, December 01, 2011]

5 Trade Place, Vermont

CVA Property Consultants have sold a stand alone office/showroom/warehouse located at 5 Trade Place, Vermont by auction on Thursday 1st December 2011.

The property was sold to a local owner occupier surveyor for $991,000.00, exceeding the vendor’s reserve by $51,000.00.

The building of 538m2* comprised a two level office/showroom with air-conditioning and commercial grade carpet floor coverings throughout, a high clearance, clear span warehouse with container access via its direct street frontage, 7 on site car spaces and depreciation allowances.

The located was close to many amenities including Brentford Square Shopping Centre and featured direct access to Canterbury Road, Springvale Road, Maroondah Highway and close proximity to Eastlink.

Sales and Leasing Executive, Daniel Chessum has said has said ‘Well situated properties of this quality and size are highly sought after, CVA were confident that this property would attract strong interest.’

For further enquiries please contact Daniel Chessum on 0432 733 399 or Ian Angelico on 0418 336 088 from CVA Property Consultants.

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Link: http://visualdomain.com.au/listing.php?propertyId=v4645&mediaId=c3f7a4c6e65d4c1098dc3ab3c8c5bf0e&t=PP90

Investment Demand in Melbourne’s Western Suburbs

[Thursday, November 17, 2011]

CVA Property Consultants in conjunction with Vision Real Estate have sold two leased investments located at 194 Roberts Road, Airport West and 196 Roberts Road, Airport West at auction on Friday 11th November 2011.

Both properties were sold to the current Lessee, Essendon Keilor Gymnastics Academy Pty Ltd for a combined total of $1,585,000.

Together, the two modern office/warehouse properties comprised a total building area of 1,395m2*.

Features included kitchenettes, amenities including disabled toilets, glass tilt panel doors and ample on site parking.

Joint Managing Director of CVA Property Consultants, Anthony Carbone has said ‘This was an excellent opportunity for this well known family owned gymnastics club to secure these prime office/warehouse facilities with freeway exposure, immediate access to the Western Ring Road and Calder Freeway and close proximity to Melbourne Airport.’

For further enquiries please contact Anthony Carbone on 0488 440 190 from CVA Property Consultants or Brett Simpson on 0402 427 392 from Vision Real Estate.

In addition CVA Property Consultants sold a quality investment located at 5/227 Fitzgerald Road, Laverton North at auction on Thursday 17th November 2011.

The property is leased to Westpac Banking Corporation on a term of five (5) years + five (5) years which commenced 4th September 2008. The property returns $102,970.00 per annum.

The investment was sold to a private investor for $1,500,000.

The property, a generous recently converted two level office of 976m2*, featured a substantial fit out, 13 on site car spaces and a quality location surrounded by many main arterials including Western Freeway, Western Ring Road and West Gate Freeway.

Director, Leo Mancino has said has said ‘Main road investments are highly sought after and we were sure that this property would catch the eye of an astute investor.’

For further enquiries please contact Leo Mancino on 0418 343 147 or Marc Carbone on 0417 101 337 from CVA Property Consultants.

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Sold at Auction: Rare Stand Alone Office/Warehouse

[Thursday, October 27, 2011]

6 Newman Street, Ringwood

CVA Property Consultants have sold a rare stand alone office/warehouse located at 6 Newman Street, Ringwood at auction on Thursday 27th October 2011.

The property is leased on a month by month term to Prestige Lifting Services Pty Ltd and returns $3,341.00 per calendar month + GST + outgoings.

The property was sold to an owner/occupier for $720,000.

The property, a single level office/warehouse of 540m2*, featured direct street frontage, an open plan office, 1 roller shutter door, 6 on-site car spaces and a quality location surrounded by many main arterials including Eastlink, Maroondah Highway and Canterbury Road.

Joint Managing Director, Ian Angelico has said ‘With Ringwood being expected to benefit from its recognition as a “Transit City” and proposed expenditure of approximately $1 billion in the Business District including Eastland Shopping Centre extension, Town Centre North Precinct and Railway Station upgrade, CVA was confident that this well situated office/warehouse would appeal to many owner/occupiers and investors wishing to take advantage of the existing rental income and future capital growth due to the property’s proximity to this booming precinct.’

For further enquiries please contact Joshua Gullaci on 0401 017 747 or Ian Angelico on 0418 336 088 from CVA Property Consultants.

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Lease of a High Profile Industrial Facility with Substantial Office/Showroom in Chirnside Park, Victoria

[Monday, October 24, 2011]

308-310 Maroondah Highway, Chirnside Park

CVA Property Consultants have just negotiated the below Lease.

The property was leased to ACM Pty Ltd.

Lease value: $310,000.00 per annum

Lease term: 3+3 years

Building area: 4,500m2*

Improvements: Large industrial facility located directly off busy Maroondah Highway close to Chirnside Park Shopping Centre and Bunnings Warehouse and with easy access to Ringwood Bypass and Eastlink. The property features air-conditioned office/showroom, high clearance clear span warehouse, 4 roller doors, substantial electricity power supply, fenced hardstand, loading area with canopy and ample on site parking.

For further enquiries please contact Ian Angelico on 0418 336 088 from CVA Property Consultants.

*approximately