Mulcahy Butera is delighted to offer for sale by Public Auction 11 Hall Street, Moonee Ponds.
The offering comprises a 3 level Office/Retail Premises of 459* sqm on one title, divided into 3 tenancies, with a ground floor retail/office and 2 self-contained office suites on the upper levels.
The building is predominantly brick in construction, with a metal roof and parking on title accessed via the ROW to the rear of the building.
- Tenancy Particulars:
Ground Floor
GLA – 108* sqm
Currently vacant, previous occupant was a hairdressing salon – was leased at $42,207 per annum NET
First Floor
NLA – 109* sqm
Tenancy – Accounting Bonum Services
Lease Term plus Options – Overholding/Monthly
Commencement Date – Original Lease dated 17 May 2019
Current Rental - $35,238.36 per annum NET
Rental Review – 4% annual review
Second Floor
NLA – 108* sqm.
Tenancy – Ferraro Pruscino Solicitors
Lease Term plus Options – Overholding/Monthly
Commencement Date – 7 October 2008
Current Rental – 33,579.60 per annum
Rental Review – 4% annual review
- Location:
11 Hall Street Moonee Ponds is located on the southern side of Hall Street, between Mt Alexander Road and Margaret Street in Moonee Ponds. Undoubtedly its’ location within the 'Moonee Ponds Activity Centre' and the major Retail/Commercial and Residential development that the precinct has undergone, especially in the last 10 years, provides an unparalleled location and an enormous mixed use development upside. (stca)
Public transport is available via a bus and tram route at the junction and the Moonee Ponds train line is within walking distance.
- Planning:
The property is zoned Activity Centre Zone (ACZ) under the provisions of the City of Monnee Ponds Planning Scheme.
The purpose of this zone is ‘to encourage a mixture of uses and the intensive development of the activity centre with a special focus of business and housing at higher densities.’
Terms Of Sale:
10% deposit upon signing contract with Settlement 60 – 90 days. A Contract of Sale and Vendor Statement are available upon request.
- Conclusion:
11 Hall Street Moonee Ponds represents a rare opportunity to secure a strategically located opportunity in the heart of Moonee Ponds. Rarely does the market offer such an asset which caters for a mixture of long term Investment, Owner Occupation or a Development play within the city fringe market of Metropolitan Melbourne.
Consider the highlights:
 Enormous Development upside (stca)
 Flexible Zoning
 Existing holding Income
 3 street frontages
 Proximity to amenities, arterial routes and public transport
We highly recommend your consideration of this opportunity.
