May 15, 2019

Fully Fitted & Ready To Go

FOR SALE BY EXPRESSIONS OF INTEREST Closing Thursday, June 13 at 3:00pm

483 - 485 Highett Road, Highett

Nichols Crowder is excited to offer to the market a ready-to-go hospitality venture at 483-485 Highett Road, Highett.  Suitable for a range of hospitality businesses (STCA), the Expression of Interest campaign closes on Thursday, June 13 at 3:00pm.

Set in a prime location in a popular and growing suburb, the 200sqm* property is diagonally opposite Woolworths Highett, and is close to Highett station and other...

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May 14, 2019

CASE STUDY - Think Local: Local Tenant / Local Agent

When it comes to selling or leasing out commercial and industrial property in Melbourne’s South East, engaging a local agent with an intimate knowledge of the area will almost always provide the best results for vendors and landlords.

As the leading commercial and industrial property agency across the region, Nichols Crowder has the experienced staff with the required local knowledge and relationships to exceed client expectations.

This was shown recently with a pre-commitment lease for...

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April 02, 2019

MORNINGTON PENINSULA MARKET REPORT

REPORT OUT NOW

We are pleased to announce the release of our latest market report, this time focussing on the Mornington Peninsula Commercial and Industrial Property Market.

Nichols Crowder has identified three key issues that will impact the market in the foreseeable future. 

  1. The positive impact of Major Activity Centres in Mornington, Rosebud and Hastings.
  2. A lack of industrial land.
  3. The potential re-zoning of land near the Port of Hastings.

This report discusses each of these issues offering...

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April 02, 2019

SOUTH EAST INVESTMENTS IN DEMAND

SOLD - AN INVESTMENT THAT SOLD BEAUTIFULLY

1 Nepean Hwy, Mentone

Quality commercial property investments continue to be popular in south east Melbourne, with investors remaining very active in the market.  This has been seen again with the sale of 1 Nepean Highway, Mentone via an EOI campaign for $4.875 million to a local passive investor.

Five offers were received for the property over the course of the EOI campaign, which was eventually sold on a yield...

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March 28, 2019

STRONG BIDDING BUYS PRIME HAMPTON DEVELOPMENT SITE

SOLD UNDER THE HAMMER

466 - 470 Hampton Street, Hampton

Three adjoining shops in the heart of Hampton Street, Hampton’s retail strip have sold at auction for $3.93 million.  In front of about 50 people on a warm and sunny autumn afternoon, three bidders fought it out for the premium retail investment.

Set on land of around 670sqm, and with a building area of 270sqm, the property offers significant development opportunities (STCA) due to its elevated position...

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March 07, 2019

ICONIC BRIGHTON SUPERMARKET

SOLD
10-12 Cochrane Street, Brighton

One of Bayside’s iconic supermarkets has changed hands, with Dockendorff’s IGA Supermarket and Liquor being sold for in excess of $10 million.  This represents a low yield of around 2.4%.

Although the property passed in at auction in front of more than 60 people on a fresh summer afternoon, it was purchased soon after by a local investor.  Set on land of around 1,700sqm, and with a building area of 800sqm, the property...

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March 06, 2019

Big Profile, Big Land

SOLD
252-258 Lower Dandenong Road, Mordialloc

Large development sites in Melbourne’s South East regions continue to be popular in the market.  This has again been seen with the recent sale via an expression of interest campaign of 252-258 Lower Dandenong Road, Mordialloc.

The 8,301sqm site, which is currently leased on a short-term basis to a vehicle salvage business, attracted extensive interest from a range of potential buyers.  Its prominent location and access to key transport routes were key factors...

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February 06, 2019

BIG PROFILE, BIG LAND

FOR SALE BY EXPRESSIONS OF INTEREST
Closing Wednesday, March 6 at 3:00pm

252-258 Lower Dandenong Road, Mordialloc

A rare opportunity has become available to purchase a prime Mordialloc site opposite Goodman Business Park, and near Costco and DFO.  Located at 252-258 Lower Dandenong Road, the property is being offered via an Expression of Interest campaign closing on Wednesday, March 6 at 3:00pm.

At approximately 8,301sqm, and including a warehouse of around 1,162sqm, the Industrial 1 zoned property has a 60 metre...

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February 01, 2019

ICONIC BRIGHTON SUPERMARKET

AUCTION
Wednesday, March 6 at 12:00noon on site

10 - 12 Cochrane Street, Brighton

Nichols Crowder is proud to offer to the market the premium and longstanding Dockendorff’s IGA supermarket investment at 10 - 12 Cochrane Street, Brighton.  To be auctioned on site on Wednesday, March 6 at 12:00noon, this iconic property is just one door from the popular and fast-growing Bay Street.

Set on land of approximately 1,700sqm, the building area comprises around 800sqm.  With annual rent of more...

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January 20, 2019

STRONG APPETITE FOR THE MORNINGTON PENINSULA

SOLD

48 High Street Hastings, 210 Main Street Mornington & 49 Mt Eliza Way Mt Eliza

Despite some uncertainty in residential markets over the final quarter of 2018, commercial and retail property along the Mornington Peninsula is proving to be popular with investors and owner occupiers alike.

Retail property in our key markets has been particularly resilient, with some excellent recent results:

  • 48 High Street, Hastings – leased to a butcher, this 109sqm shop on...

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