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Excutive Summary


 
Property 50 Franklin Street, Melbourne
Location Situated near the corner of Franklin & Elizabeth Streets, this property is in Melbourne’s CBD - a short walk to Melbourne Central shops and train station, and less than 100 metres to tram stops on both Elizabeth and Swanston Streets.
 
Description PDG Corporation has recently carried out extensive refurbishment works at 50 Franklin Street, comprising 17 upper office levels, 1 basement level and ground floor office and cafe. The property has a 40 metre (approx) frontage to Franklin Street and floor plates ranging from 518m to 1,167m all with excellent natural light.
 
Site Area 2200m approximately
Tenancy Profile The tenancy profile offers investors a strong income stream from a reputable publicly listed company.
Net Lettable Area 13,041m
Car Parking 38 Basement spaces (there is also a public carpark in the neighbouring building)
Contact For more information, please call Charles Vraca on +61 (3) 9663 1117 or 0418 317 365

Location

50 Franklin Street boasts a prominent location at the Carlton end of the city, on a convenient city block which is bounded by Franklin, Elizabeth, Swanston and Victoria Streets, making it easily accessible to all the major arterials.

Less than 6 minutes walk to Melbourne Central Station and QV Shopping precinct, and with the Queen Victoria Market only 100m away, this location is highly desirable for the office occupants.

The Property

Title: Lot 2 on PS608823Q. Title Volume 11153 Folio 384. A proposed Plan of Subdivision PS632275J will create a separate lot for each floor.
 
Zoning: Capital City Schedule 1 (CCZ1) of the Melbourne Planning Scheme.
 
Local Authority: The responsible authority is the City of Melbourne
 

Building Description

PDG Corporation has recently refurbished the 50 Franklin Street bUilding (formerly the Head Office of Qantas Melbourne), giving it a complete transformation.

From the second you stroll across the new bluestone forecourt and look up at the ground and first floor facade, you'll notice the dramatic difference, further enhanced by a ground floor cafe with an alfresco seating area and a new secure entry to the basement for office parking.

The building has been completely refurbished throughout, including level-by-Ievel fitouts, all with brand new fire services, air-conditioning/heating units to each floor and new male and female toilets on each level. Also created is the new level 3 outdoor deck area at the rear of the building.

In addition to all these new and rejuvenated features, the lifts will be refurbished totally and upgraded to current standards, and the chilled water mechanical system (air cooled chillers) have been replaced with brand new units.

Floor Plans - Basement

Floor Plans - Ground Floor

Floor Plans - Level 1

Floor Plans - Level 2

Floor Plans - Level 3

Floor Plans - Level 5 to17

Tenancy Profile



Salesforce/Salmat has leased all the office floors at SO Franklin Street as their new Melbourne Head Office. Who are SalesForce/Salmat and what do they do?

SalesForce/Salmat facilitates exceptional customer interactions via communication services and cutting edge technology with:

Salesforce is a wholly owned subsidiary of Salmat Limited (ASX code: SLM).

Salmat is an Australian-based global business specialising in one-to-one communication on a mass scale. They offer a comprehensive range of contact solutions that enable their clients to better manage business information and communicate more effectively with customers. They also provide sophisticated demographic and data analysis services that help organisations gain an insight into consumer preferences and optimal communication strategies.

Salmat has grown over the past 30 years from a small catalogue delivery business to a market-leading force in one-to-one communication, currently employing more than 7,500 people worldwide.

Salmat was listed on the Australian Securities Exchange in December 2002 and has delivered increased regular dividends to shareholders every year since listing.

New Chillers


 

Disclaimer

This Information Memorandum has been prepared by the Vendor, 50 Franklin Pty Ltd and is for the information of potential purchasers to assist them in assessing whether they are interested in purchasing the property.

    The information in this document:
  • Should be regarded as general information only;
  • Should not be relied upon as investment advice, legal advice, tax advice or any other advice;
  • Has not been independently verified and independent verification will not be undertaken by the Vendor;
  • Does not constitute an offer nor contract of sale;
  • Is provided as a guide only having been prepared in good faith.

  • Prospective purchasers must:
  • Make their own judgement and decisions on the basis of any of their own independent assessments;
  • Satisfy themselves as to the accuracy of any of the information provided herein

All reasonable care has been taken to ensure that the information contained in this document is accurate, however no representation or warranty (express or implied) is made as to the accuracy or completeness of any information or advice in this document.
The Vendor, its employees, agents and representatives assume no responsibility nor will be liable for any loss or damage resulting from any statement, figure, calculation or any other information that a potential purchaser relies upon that is contained in this document or any other marketing material.
The property, if sold, will be sold “as is” without any representation or warranty as to its condition; fitness for any particular purpose or compliance with any relevant law.
The Vendor reserves the right, at its sole discretion, to postpone or cancel the proposed trade or sale of the property and to modify or add any terms and conditions to any proposed contract, Vendor’s Statement or other material associated with the proposed sale, which may be made available to a potential purchaser.