Tenancy 51 Expression of Interest

 

A unique opportunity exists to tenant the state of the art, and world-class facilities at the Melbourne Market.

Tenancy 51 has recently become available on the highly sought-after Buyers’ Walk at the Melbourne Market, located in the suburb of Epping in Victoria.

Previously occupied by a long-standing Café, this property boasts lots of potential in a prime location on the Buyers’ Walk of the Melbourne Market, which is otherwise at full occupancy.

The Melbourne Market invites expressions of interest in Tenancy 51 and has a vision for Tenancy 51 to operate as a wholesale store going forward.

Expressions of interest for the tenancy will be assessed on a number of factors, including but not limited to:

  • Financial return of expression of interest;
  • Term (including option terms);
  • History (if any) of operations and credit/financial history at the Melbourne Market (or other central market);
  • Financial and technical capacity of proposed tenant;
  • Product lines offered by proposed tenant; and
  • Fit-out requirements

Information packs

Click here to download a detailed Tenancy 51 information pack

Click here to download the Melbourne Market tenancy fit-out guide

Key dates

  • Expression of Interest open – Monday 10 February
  • Expression of Interest close – Monday 9 March
  • Property allocated Thursday – 12 March
  • Tenant execution of Agreement for Lease – Monday 16 March
  • Builder for the Landlord’s works appointed (base build) – Friday 20 March
  • Payment of rent for one month (plus additional rent if applicable) - In accordance with terms of the lease agreement
  • Provide security bond required under the terms of the agreement for lease and lease by bank guarantee (six months’ rent plus GST) - In accordance with terms of the lease agreement

Queries

For queries about tenancy 51 contact Malcolm Lum, General Counsel and Head of Property on 03 9258 6143

To express an interest in leasing the tenancy, please submit an Expression of Interest via the form below


Expression of Interest Form

Full Name/s

ACN (if applicable)

Business Address

Mobile

Email address

Product lines/service of your proposed business?

Are you an existing tenant of the Melbourne Market or any other central Market? Provide any relevant history or wholesale trading.

Please provide your best and final offer price for Tenancy 51, noting that the reserve price of a store lease is $750,000 (GST exclusive)

Please provide your proposed term (including option terms, up to a maximum of two equal terms. e.g. 5-year initial term, plus two options of 5 years.)

Will financing be required for this transaction? If so, please provide relevant details of financing and amount.

What is your fit-out requirements? e.g. racking, cooling zones, door changes, office) Please include any fit-out requirements in relation to cooling zones.

Proposed Tenant’s Solicitor Name (if known)

Proposed Tenant’s Solicitor Firm (if known)Full Name/s

Proposed Tenant’s Solicitor Address (if known)

Proposed Tenant’s Solicitor mobile phone (if known)

Proposed Tenant’s Solicitor email (if known)

Upload any relevant files to be considered with your expression of interest

By clicking submit I/we register our expression of interest to enter into negotiations to lease (by agreement for lease and to lease) Tenancy 51, Buyers’ Walk, Melbourne Market, Epping. I/we declare that the above information is true and correct and I am authorised to submit this information on behalf of the business.

 

The proposed tenant acknowledges that this is a non-binding Expression of Interest and in submitting an Expression of Interest the proposed tenant as prospective tenant of the property also fully understands that the landlord is not contractually bound in any way upon receipt of the Expression of Interest and that it has the right to consider, prefer, accept or reject any Expression of Interest or other proposal in its sole and absolute discretion and to consider any Expression of Interest or other proposal subject to any conditions.

 

 

For all enquiries call 03 9258 6100

8AM - 4PM, MON - FRI