MURRAY STREET HOBART 90-92 - Amazon AWS
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I N F O R M AT I O N M E M O R A N D U M
90-92
MURRAY STREET
HOBART
EXPRESSIONS OF INTEREST CLOSING
T H U R S D AY 1 0 T H D E C E M B E R 2 0 2 0
2 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R T
TABLE OF CONTENTS
9 0 - 9 2 M U R R AY S T R E E T, H O B A R T
I N T R O D U CT I O N 6
E X EC U T I V E S U M M A RY 8
I N VESTM E NT H I G H L I G HTS 10
L O C AT I O N 12
TA S E C O N O M I C O V E R V I E W 14
T I T L E , S I T E A R E A & ZO N I N G 16
I M P ROV E M E NTS 18
L E A S E D E TA I L S 20
FINANCIALS 22
T E N A N CY P RO F I L E 23
A P P O RV E D DA & WO RK C O M P L ETE D 24
AG E NTS C O M M E NTS 27
S A L E S P R O C E S S & S O L I C I TO R S D E TA I L S 28
DISCLAIMER 29
APPENDICIES 30
4 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R T
INTRODUCTION
Knight Frank takes pleasure in offering for sale to the market an Iconic
Hobart retail asset ‘Bidencopes’ 90-92 Murray Street, Hobart.
Without a doubt the property occupies one the very best retail locations in
Tasmania and is to be sold as a tenanted investment, leased to two leading
national tenants with excellent trading history: ‘Rodd & Gunn’ and ‘Gorman’
as well as leading architecture firm ‘S Group’.
The property also has plenty of upside with an approved DA for 5
apartments and office space that has substantial commencement meaning
the successful new purchaser can continue with the development as the
permit is now permanent.
Hobart’s CBD has experienced significant development in recent years and
looks set to continue as Hobart transitions into a more modern day 24/7
city. The University of Tasmania has been central to this with its increasing
presence within Hobart’s CBD with its relocation from its Sandy Bay campus
gathering pace along with the tourism sector (Pre Covid-19) which was the
fastest growing tourism sector in Australia.
The CBA state of the states report October 2020 has Tasmania in the top
spot on the economic performance rating with continued confidence in the
state of Tasmania despite the onset of the global pandemic.
6 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R T
EXECUTIVE SUMMARY
ADDRESS: ‘Bidencopes’ 90-92 Murray Street, Hobart
LOCATION: The property occupies a prime trading position with superb frontage and exposure to Murray
Street right in the heart of Hobart’s CBD. The property is located directly opposite the New
Myer’ Icon Centre, Cat & Fiddle Arcade and adjacent to Hobart’s Centrepoint
BUILDING: The property was constructed circa mid 1800’s and has been modernised on the ground floor
and level 1 over the years with level two being in close to original condition
TOTAL STRATA AREA: 821 sqm (approx)
S Group Gorman S Group
LAND AREA: 271 sqm (approx)
ZONING: ‘Central Business’ under the Hobart interim Planning
Scheme 2015
OCCUPANCY: Ground floor fully tenanted to national tenants ‘Rodd & Gunn’ and ‘Gorman’, Level 1 tenanted
to ‘S Group Architecture’; and Level 2 to an artist in residence
ESTIMATED NET INCOME: $301,051
METHOD OF SALE: For Sale By Expressions of Interest Closing 10 December 2020 at 4pm (AEDT)
Rodd & Gunn Artist in residence Gorman
8 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R T
“O WA NR AORNEE OOPFPHOORBT AU RNTI T’ SY MT OO S T
INVESTMENT HIGHLIGHTS ADMIRED & RECOGNISED
G ROW I N G ASS ETS ”
Landmark CBD commercial
property with admired
heritage facade
Attractive tenancy profile
leased to leading national tenants
‘Rodd & Gunn’ and ‘Gorman’
Located in a prime trading CBD
position with outstanding frontage
to Murray Street
Substantial holding income plus
future development upside with
approved and commenced ‘DA’
for 5 residential apartments and
office space.
10 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R T
ANZ
ROYAL HOBART HOSPITAL
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90-92 Murray Street, Hobart is centrally located TH
ST
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on Hobart’s Murray Street directly opposite Myer ET GPO
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‘Icon’ Hobart, ‘Cat & Fiddle Arcade’ and adjacent
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CAT & FIDDLE ARCADE A
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to ‘Centrepoint’ between Liverpool and Collins RE YL
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90-92 E
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Streets and is approximately 300 metres to
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MURRAY ST
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IN
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Hobart’s GPO.
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THE HANGING GARDEN ST
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This section of the CBD is considered to be
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Hobart’s premiere retail location with an array
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BEST WESTERN HOBART ELIZABETH STREET PIER
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of leading international and national tenants &
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significant passing traffic, both vehicular and
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pedestrian traffic all year round.
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HOUSE GARDEN
90-92 MURRAY ST
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12 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R T
TASMANIAN ECONOMIC OVERVIEW TASMANIAN ECONOMIC OVERVIEW
Tasmania contunues to navigate its way
through Covid19 relatively well. According
“ HOME BUILDING HAS BEEN STRONG IN TASMANIA BECAUSE
POPULATION GROWTH IS WELL ABOVE ‘NORMAL’ AND HOME PRICES
”
to CBA’s “State of the States” report
October 2020, Tasmania has now been on Economic Business/equipment Housing finance Dwelling
ARE STILL RELATIVELY LOW COMPARED WITH THE MAINLAND
top for three straight surveys and leads growth investment growth commencement
on five of the eight economic indicators; up 19.9% up 15.2% up 75.2% up 9.5%
relative population growth, equipment
investment, housing finance, dwelling
TASMANIA IS STRONGEST FOR SPENDING
starts and retail trade. TASMANIA REMAINS
#1 AUSTRALIA’S BEST
Real retail trade, percent change June quarter on
decade average. Source CommSec, ABS
PERFORMING ECONOMY
TAS
House price Wage Construction Annual population
growth growth work growth RETAIL SPENDING VIC
up 8.2% up 2.4% up 6.3% 1.12% Retail spending in Tasmania was 11.4 per cent QLD
above decade average levels in the June quarter.
ACT
Success in suppressing the virus and higher home
“
prices have supported retail spending. NSW
”
SA
TASMANIA REMAINS IN TOP SPOT ON THE WA
ECONOMIC PERFORMANCE RANKINGS. NT
0 2 4 6 8 10 12
14 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R T
TITLE, STRATA AREA & ZONING
90-92 Murray Street is contained within the following two
Certificates of Title with the respective strata areas:
Volume 154779 Folio 1 556 sqm
Volume 154779 Folio 2 265 sqm
TOTAL STRATA AREA 821 SQM
A copy of the Certificates of Title and Plan is attached to this
Information Memorandum. Existing top floor
The property is currently zoned “Central Business” under the Hobart
Interim Planning Scheme (HIPS) 2015.
A copy of the zoning Table of Uses is included in this Information
Memorandum.
The property is listed on the Tasmanian Heritage register.
Architects render of a level 2 apartment
16 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R T
IMPROVEMENTS IMPROVEMENTS
The property comprises a three storey, conjoined commercial building described as follows:
ACCOMODATION
Accomodation is as follows:
CONSTRUCTION
Ground level retail shop incorporating
Floors Timber Tenancy 1: Gorman original ornate shopfront, staff toilet,
rear kitchenette/store
Main External Walls Brick
Window Frames: Mixture of Metal and Timber Ground level tenancy only comprising ornate
Tenancy 2: Rodd & Gunn shopfront, rear kitchenette/store room, staff
Roof Corrugated galvinised iron or similar
toilet. Further access to the basement space
Main Interior Linings Timber, Plaster
Part level 1 tenancy comprising of reception,
Construction Year Mid 1800’s Tenancy 3: S Group
staff amenities including tea room & toilets
Architecture
as well as a large open plan working area
BUILDING SERVICES
Lighting Fluorescent and incandescent Tenancy 4: Artist in
Part Level 2 space
residence
Air conditioning to ground level retail area
Heating/Ventilation
via ceiling ducted system
Security Systems Each tenancy has their own security system
Lift The building is not fitted with a lift
18 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R TLEASE DETAILS LEASE DETAILS
The property is leased to four tenants and these leases are summarised below:
The Rodd & Gunn lease is summarised as follows: The Gorman lease is summarised as follows:
The S Group lease is summarised as follows: The Corinne Costello lease is summarised as follows:
PREMISES: ‘Bidencopes’ 90-92 Murray Street, Hobart PREMISES: 90 Murray Street, Hobart
TENANT: Rodd & Gunn Australia Ltd TENANT: Factory X Pty Ltd ACN 978 151 667 PREMISES: First Floor, 90-92 Murray Street, Hobart PREMISES: Part Level 2, 90-92 Murray Street, Hobart
GLA: Ground floor: 123 sqm (approx) GLA: Ground floor: 110 sqm (approx) TENANT: Zegen Pty Ltd ACN 151 815 888 GLA: 56 sqm (approx)
+ Basement storage: (50 sqm approx) + Basement storage: (50 sqm approx) GLA: 174 sqm (approx) TENANT: Corinne Costello
LEASE COMMENCEMENT: 1st April 2014 BOND: 3 months gross rental GUARANTOR: Mr Sam Haberle BOND: 3 months gross rental
TERM: 5 YEARS LEASE COMMENCEMENT: 1st September 2016 LEASE COMMENCEMENT: 1st July 2017 LEASE COMMENCEMENT: 6 August 2020
LEASE EXPIRY: 30th June 2024 (recently extended by 3 months TERM: 6 YEARS TERM: 3 YEARS TERM: MONTHLY
as part of COVID) LEASE EXPIRY: 31st August 2022 LEASE EXPIRY: 30/06/2020 (Currently on holdover) OPTIONS: NIL
OPTIONS: One option of a further 5 years (exercised) OPTIONS: One option of a further 6 years OPTIONS: NIL CURRENT RENTAL: $5,454.6 gross per annum
CURRENT NET RENTAL: $129,375 CURRENT RENTAL: $152,081 gross per annum CURRENT RENTAL: $27,491 gross per annum RENT REVIEWS: Not Applicable
RENT REVIEWS: 3.5% annually and market value on exercise of RENT REVIEWS: 4% annually and independent valuer RENT REVIEWS: CPI annually OUTGOINGS: Gross basis lease
each option period. is to be appointed for the option PERMITTED USE: Commercial Office PERMITTED USE: Artist studio only
OUTGOINGS: The tenant is responsible for the 51.25% of the PERMITTED USE: Retail clothing and accessories
outgoings (based on either the ratio of the
lettable area of the tenant’s premises to the
lettable area of all lettable premises sharing the
benefit of a particular outgoing or the ratio of
the assessed annual value of the tenant’s
premises to the assessed annual value of all
lettable premises sharing the benefit of a
particular outgoing ($16,859 2020/21)
PERMITTED USE: Retail clothing and accessories
20 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R TFINANCIALS TENANCY PROFILES
GROSS INCOME
Gorman $152,081
and leased a small green carpeted office in Melbourne. By 2003
Rodd & Gunn $129,375 Gorman was officially stocked in 55 retailers in Australia and 15
in Japan. In 2004 the first Gorman boutique opened on Chapel
S Group $27,491
RODD & GUNN: The Rodd & Gunn heritage dates back to 1946,
Street in Melbourne. Move forward nearly 20 years and launching
when the brands first trademark logo was used on New Zealand
her eponymous label, Gorman now has 40 stores across Australia
Artist $5,454 made shirts. In its current form the brand was established in 1987
and is owned by Factory X retail group (owners of Dangerfield, Jack
when the first stand alone store opened in Auckland, NZ. Rodd &
Plus recoverable outgoings $16,859 London, Allanah Hill) with Lisa and her team still having an active
Gunn is synonymous with quality, while taking inspiration from New
roll in the business and are forever proud to dress those who dare
Zealand’s picturesque landscape. Today Rodd & Gunn is owned and
to be themselves.
operated by Mike Beagley, Howard Mcdonald & USA Investors.
TOTAL GROSS INCOME $331,261
LESS BUDGETED OUTGOINGS 2020/2021 S GROUP: S Group is a unique multi disciplanry studio that
GORMAN: The story of Gorman begins in the coastal Victorian
intergreates architecture, strategic creative design and marketing.
Rates $14,673.83 town of Warrnambool where a young woman was born and would
S Group offers a leading combination of specialist knowledge,
go onto become one of Australia’s most recognized names in
Land Tax $14,587.50 resources, capability and scale and are driven by our ultimate
women’s fashion. Her name was Lisa Gorman. Moving to Melbourne
vision to create a world without poverty. S Group has experience
Water/Sewer $948.60* post high school, Lisa put fashion on the backburner and pursued
from large scale tourism and educational facilities and award
a rewarding career as a nurse. Unable to suppress her desire for
winning architectural projects and site-senstive developments,
TOTAL ($30,209.93) design, Lisa undertook night school and after completing her
through to Council, community and business branding, strategy
studies Lisa managed to obtain a traineeship with a boutique
and web design. S Group is owned and operated by Matt Field, Phil
Melbourne bridal design. The freedom to design clothing
Beeston and Sam Haberle.
BUDGETED INCOME professionally finally pushed Lisa to design her own small collection
$301,051*
(BEFORE OWNER OUTGOINGS) of clothing. After travelling for a year Lisa returned to Melbourne
*approximate
22 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R TAPPROVED DA & WORK COMPLETED APPROVED DA & WORK COMPLETED
The plans include the removal of the existing internal timber
The current owners applied for and were granted a Planning
stairs located at the rear south eastern corner of the building and
Permit PLN-16-974 by the Hobart City Council (HCC) under the EXISTING WALLS -
all wet areas to be comply with AS3740
the installation of new concrete stairs to satisfy fire regulation
PROPOSED WALLS - 3050 90
- TOTAL FLOOR AREA 274m2 ens. 5
all timber framing to comply with AS1684
Hobart Interim Planning Scheme 2015 on 27 October 2016 for the
10840 135 5415 PROPOSED CONCRETE BLOCK WALLS -
-TOTAL FLOOR AREA 274m2 4423 90 90 3340
- - 107m2 ens. 4
WT04
requirements. - - 97m2
600
joinery
construction of 5 apartments and an office area on levels 1 and 2 - - 48m2 67m2
Must meet BCA Rw+Ctr >= 50 AND be discontinuous so must have
seperate stud rows, staggered.
( + SUITE 2 - 45m2) - 141m2 CARPET
EXISTING WALLS -
C.L. 2400 97m2 80m2
3070
WT02
FT 02 81
107m2 16o
timber overlay
All plumbing for one unit must ONLY attach to studs for that unit. PROPOSED WALLS -
- - 80m2 84 A5-003 82
robe
Party wall to pass from floor, to floor above, and ceiling then butts into it so
3183
TV
- - 67m2 C.L 2700 TIMBER OVERLAY TIMBER OVERLAY TV
WT0
of the Bidencopes building as follows:
wall divides ceiling space 83 PROPOSED CONCRETE BLOCK WALLS -
FT 1 C.L. 2900 C.L. 2900
timber overlay
4760
FT 02
4
FT 02
C.L 2700 GPO’s etc should not be opposing each other but be staggered by at least
5400
The ground floor tenancy currently occupied by Gorman’s was
FT 1 17 600mm and have insulation in the cavity between them. - 45m2 lantern roof light lantern roof light
5700
above above
4300 20A5-00118 600 61
WT02 D24
3700
90
19 FT 1
04
820 77 64 A5-002 62
WT
D23
820
substantially renovated in 2016 prior to its occupancy. This
3815 must meet BCA airborne noise - Rw+Ctr >= 50 TT02 85 80 A5-003 78 63
21
1800
C.L. 2400
WT02
D07 88 A5-003 86 79
600 3900 24A5-00122 Construct hood for speakers - made from 12mm mdf or similar, internally FT 02
1st Level:
lined with 50mm fibre batt. Edges sit onto fibre batt to seal against ceiling. 87 lantern roof light
90
WT04
23 23o 1200 above
600
Alternaitively if too hard then could lay pipe lagging stuff over it that extended
300mm beyond speaker - Pyrotek soundlag 4525C or similar. Place two D22
1820
90
included the gutting of the area, installation of new electrical,
robe
820
90
timber overlay layers over speaker. WT02
C.L 2700 WT02 D29 WT02
D14
820
FT 1 when floor is pulled up, seal around perimeter with fire rated mastic to ensure 960
• 1 x 2 BRM Apartment 57 sqm
carpet refer to internal elevations for wall height details 700
no gaps between wall and floor. any waste pipe in ceiling space below lagged
90
C.L 2700
D06
3700
WT02
3500
FT 1 with Pyrotek soundlag 4525Cor similar
laying of a new Tasmanian oak timber flooring, new plaster walls
robe
3183
16o refer to internal elevations for wall height details
1400
13
WT0
l'ndr
89
3500
WT0
robe
4870 90
robe
3000
16A5-00114
y
• 1x Studio Apartment 48 sqm
2
92 A5-003 90
4
15
90
2118 90 2250 90 1200 91 CARPET 900 90 3055 90 600 1090
57
600 C.L. 2400
and ceiling etc. A ceiling mounted sprinkler system was installed for
9450
1050
WT02 FT 02 WT02 60 A5-002 58 CARPET
600
D21
820
600
90
90
C.L. 2400
D04 700 59 WT02 FT 02 600
• 1 x Office Area 110 sqm
WT02
90
D08 1100 1
D25
TT02
820
TT02 25 timber overlay WT0 4190 90 73
90
820
1900 C.L. 2400
WT02
1800
C.L 2700 29
1800
C.L 2700
D20
820
28A5-00126 76 A5-003 74 FT 02 53
this tenancy with dry piping to the first floor to allow connection
900
FT 1 FT 1 D17 TT02
32A5-00130
WT02
16o 9
1800
75
1560
27 820 56 A5-002 54 C.L. 2400
frame flooring over existing staircase
WT0
WT01 31 16o FT 02
90
TT02
WT02
12A5-00110
D16
D13
55
820
• Common area 59 sqm
820
90
1150 C.L 2700
1
670
11
FT 1 SERVICE RISER
D05
820
300
if, and when, the upper two level development is undertaken. In
400
90
2080
robe
D12 D26
WT04
expose original brick wall (both sides), clear finish over raw masonary expose original brick wall (both sides),
D15
820
WT01
1308
820 carpet 820 49
C.L 2700 52 A5-002 50 TT02 clear finish over raw masonary
1940
5 D18
2326
FT 1 820 51 D1 C.L. 2400
addition, a booster valve assembly was installed in the Bidencopes
16o 600 8 A5-001 6 1150 9 FT 02
TV KIT. 820 WT02
WT01 7
41 5o
robe
Total Floor Area 274 sqm
WT0
timber stud wall on inside of existing timber ballustrade,
44A5-00142
to create void space to retain existing heritage stair
90
retain nibs of original walls
4
2 45
WT0
expose original brick wall (both sides),
Lane which is a key component for a new sprinkler system.
43 48 A5-002 46
expose original brick wall (both sides), clear finish over raw masonary D11
D03
820
820
clear finish over raw masonary expose original brick wall (both sides), clear finish over raw masonary 47
2400
93
robe
TT02
WT04
2065
1
new 900mm doorway opening into existing brick wall C.L 2700 96 A5-003 94
4 A5-001 2 FT 1 CARPET
95 C.L. 2400
timber overlay
On the level 1, leading architects, The S Group , completed a
3 600 FT 02
C.L 2700
retain timber frame over window below, patch and make good 33
FT 1
WT03
190
69
2nd Level:
WT04
48m2
36A5-00134
45m2 TIMBER OVERLAY
2530
fill in existing window on inside, do not alter external face
1120
retain existing wall, patch and make good 72 A5-003 70 C.L. 2400
D29
820
820
D02
820
35 TIMBER OVERLAY FT 02
TIMBER OVERLAY 71
creative fit out fit with new toilets, kitchenette and upgrading of
C.L 2600 WT03 WT03
D09 10o
12o
90
820 600
• 1 x 2 BRM Apartment 96sqm + Interconnecting Studio
D28
TIMBER OVERLAY WT02 820 sealed
3930
D10 C.L 2600 concrete finish
sealed
both plumbing and electrical for a modern office. Spending in the
D27 65
820 TT02
90
concrete finish
A
2330
TT02 820
A
WT02
37 68 A5-002 66
WT02
C.L 2600
1090
A3-001
Apartment of 45 sqm = total 141 sqm
67 C.L. 2400 suspended concrete landing, sealed concrete finish
40A5-00138 A3-001 FT 02
39
vicinity of $150,000 undertaking their fitout they have been in
• 1 x 2 BRM Apartment 83 sqm
tenancy for circa 3.5 years and remain in tenancy on a carry-over 90
2990
• Common area 50 sqm
2520
0mm 3500mm
0mm 3500mm
basis with a planned extension.
5600
REVISION A DATE 23/12/2016 DESCRIPTION TENDER
REVISION A DATE 23/12/2016 DESCRIPTION TENDER do not scale off plans
PROJECT ISSUE
PROJECT
Refurbishment and Renovation
do not scale off plans
all dimensions in millimetres
confirm all dimensions on site
ISSUE
T
Refurbishment and Renovation all dimensions in millimetres
confirm all dimensions on site
all work to relevant NCC and AS
T
all work to relevant NCC and AS CLIENT DWG #
CLIENT DWG # Charles Black & Alastair Hood
Charles Black & Alastair Hood SCALE @ A3 1:100
SCALE @ A3 1:100
A1-011
A1-010
Total floor area 274 sqm
DWG DRAWN RP
DWG DRAWN RP Proposed Second Floor Plan JB PROJECT# J02220
TENDER DOCUMENTS
Proposed First Floor Plan JB PROJECT# J02220 TENDER DOCUMENTS CHKD
Space for the installation of a small lift has been identified and
CHKD
S. Group © Copyright 2016 22 Cameron Street Launceston, Tasmania
S. Group © Copyright 2016 22 Cameron Street Launceston, Tasmania PO Box 1271 Launceston TAS 7250 Australia : 03 63 111 403 : info@sgroup.com.au : www.sgroup.com.au
PO Box 1271 Launceston TAS 7250 Australia : 03 63 111 403 : info@sgroup.com.au : www.sgroup.com.au
allowed for in the entry stairs to the levels 1 and 2 of the building.
The Hobart City Council confirmed that these works met the
requirements for substantial commencement of works under
the planning permit PLN 16-974, meaning this permit is now
permanent and be undertaken at any time with no expiry date. This
an asset of the building in perpetuity for the future development of
the building.
24 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R TAPPROVED DA & WORK COMPLETED AGENTS COMMENTS
ADDITIONAL INFORMATION
90-92 Murray Street, Hobart provides the perfect Knight Frank has on file further due diligence information
“N EEWV EARYG AT HI NI N G O L D C A N acquisition opportunity for investors and or developers available on request to qualified purchasers:
BE
” to purchase a commercial asset on Hobart’s tightly held
central retail block with the following pertinent factors:
•
•
Lease documentation
Statutory charges invoices
• Contract of sale
• Development Approval
• Development practical commencement
Landmark CBD commercial
• Heritage Report
property with admired
• Asbestos report register
heritage facade
AGENTS’ DETAILS
Attractive tenancy profile
leased to leading national tenants
Existing top floor ‘Rodd & Gunn’ and ‘Gorman’
5 Victoria Street, Hobart TAS 7000
Located in a prime trading CBD MATTHEW WRIGHT
position with outstanding frontage +61 458 290 588
to Murray Street matthew.wright@au.knightfrank.com
Substantial holding income plus future SCOTT NEWTON
development upside with approved +61 409 186 261
and commenced ‘DA’ for 5 residential scott.newton@au.knightfrank.com
apartments and office space.
Architectural impression of DA plans
26 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R TSALE PROCESS & SOLICITORS DETAILS DISCLAIMER
This Information Memorandum has been prepared as a general outline only for the while currently considered reasonable, may not be correct. Actual results may vary
guidance of potential purchasers. It does not constitute advice, a valuation or an from projected results (and variations may be material).
90-92 Murray Street, Hobart is being offered for EXPRESSIONS OF INTEREST offer or contract by Knight Frank, or any of the vendors or their related entities or
sale by Expression of interest closing on December Expression of Interest are required to be lodged in the associates. No employee, agent or representative of Knight Frank or any of the vendors is
10th 2020 at 4pm AEDT. attached prescribed form. authorised to make or give any representation or warranty whatsoever in relation
Knight Frank has prepared this Information Memorandum for the private and to this property.
Inspections of the property are by appointment only and all
VENDOR SOLICITOR’S DETAILS confidential use of the recipient only. It is not to be distributed or reproduced in
whole or in part without the prior written consent of Knight Frank. To the extent permitted by law, Knight Frank, the vendors and each of their related
parties must be accompanied by a member of the sales team. entities and associates expressly disclaim any liability for any direct, indirect or
For further information or to arrange a full inspection of the This Information Memorandum has been prepared in good faith and with due consequential loss or damage (whether foreseeable or not) which may arise out
property please contact Knight Frank. care. It does not purport, however, to contain all of the information that potential of or result from any person or entity, or their agents or representatives, acting
purchasers may require. In addition, it contains information provided by the on or relying upon all or any part of the information contained in this Information
Paul Kuzis vendors or third parties, which Knight Frank has not independently verified. Memorandum notwithstanding any negligence, default or lack of care.
Prospective purchasers are requested to submit their proposals
Murdoch Clarke To the extent permitted by law, the property will be transferred or sold ‘as is’ and
in the attached Expression of Interest form. Potential purchasers should not rely on any of the information in this Information ‘with all faults’, without any representation or warranty as to its condition, fitness for
10 Victoria Street, Hobart TAS
Memorandum (including but not limited to figures, calculations, descriptions, any particular purpose, or compliance with any relevant law, regulations or codes.
PH: (03) 6235 9311
Following the close of Expressions of Interest process, there will photographs, dimensions, references to conditions or permissions for use
be an assessment period during which the Vendor may or may and occupation) as statements or representations of fact. Areas, amounts, The vendors reserve the right, at their sole discretion, to postpone or cancel
not select a shortlist of parties with whom to further treat. measurements, distance and all other numerical information is approximate the proposed transfer or sale of the property and to modify or add any terms
only. Any photographs show only certain parts of the property as it appeared at and conditions to any proposed contract, vendors’ statement or other material
the time they were taken. Except where otherwise indicated, all references to associated with the proposed sale, which may be made available to a potential
A copy of the contract of sale is available from the selling rent, income or price are GST exclusive. Potential purchasers must make their purchaser.
agents. own independent inspection and other enquiries to satisfy themselves as to the
accuracy, correctness and completeness of the information. Potential purchasers Nothing in this disclaimer should be interpreted as attempting to exclude, restrict
should also seek independent financial, taxation, accounting, legal and other or modify the application of any applicable provisions of the Australian Consumer
advice to assist them in making their own decisions and assessment appropriate Law or a person’s rights to make a claim in respect of any consumer guarantees or
to their circumstances. other provisions of the Australian Consumer Law.
Any projections, analyses or other forward looking information are estimates only,
are not representations of future matters and may be based on assumptions that,
28 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R T 29 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R TAPPENDICIES EOI FORM
EXPRESSIONS OF INTEREST FORM
Expression of Interest Form is to be lodged as follows: Attention: Scott Newton & Matthew Wright
Knight Frank, 5 Victoria Street, Hobart TAS 7000
ZONING TABLE OF USES
Closing Date: 10 December 2020 at 4pm (AEDT)
Additional information on request Proposed Purchase
Purchaser:
Name: ABN:
Address:
Phone: Email:
Purchaser’s Solicitor:
Firm Name:
Address:
Phone: Email:
Solicitor:
Purchaser’s Consultant:
Proposed Purchase Price: 90-92 Murray Street, TAS
AU$:
In Words:
Deposit:
(Australian Dollars – Exclusive of GST)
Settlement Terms:
Conditions:
31 • 9 0 - 9 2 M U R R AY S T R E E T, H O B A R TEOI FORM
In submitting this Expression of Interest form, the Prospective Purchaser specifically acknowledges and agrees that:
1. The Contract of Sale has been reviewed by the Prospective Purchaser.
2. The purchase price of the property, together set out in this Expression of Interest form is based on the acceptance of the Contract of Sale
as submitted by the Vendor.
3. If there is any discrepancy between the Contract of Sale and any other documentation made available, the provisions of the Contract of Sale will prevail.
4. The Prospective Purchaser is in a position to exchange Contracts within ten (10) business days of being notified that the proposed purchase price has been accepted,
subject to availability of professional services.
In submitting this Expression of Interest, the Prospective Purchaser also acknowledges and agrees that the Vendor specifically reserves the following rights:
1. To accept or reject any Expression of Interest in its absolute discretion, including the highest Expression of Interest made and without having to attribute reasons
therefore
or to be accountable in any way.
2. To extend the closing date for submissions of Expressions of Interest or accept an offer before close of the Expressions of Interest campaign.
3. To discuss any matter and to deal with any parties submitting an Expression of Interest at any time before or after the closing date.
4. Not to be contractually bound in any way by the submission of an Expression of Interest form signed by a Prospective Purchaser.
5. Not to sell the property
Name:
Company Title:
Company Name: ABN:
Signature:
(Having authority to sign on behalf of the above mentioned company – if purchasing in the name of a company)
Date:
Contact Details:
NB: Should you wish to provide any further information, please submit same with this document, ensuring the Purchaser’s name is clearly noted on all the annexed
documentation for identification purposes.9 0 - 9 2 M U R R AY S T R E E T, H O B A R T
5 VICTORIA STREET, HOBART TAS 7000
PH: 03 6220 6999 l knightfrank.com.auYou can also read
